Downstream – The oil and gas operations that take place after the production phase, through to the point of sale. Downstream operations can include refining crude oil and distributing the by-products down to the retail level. By-products can include gasoline, natural gas liquids, diesel and a variety of other energy sources.

Valero Energy Corporation - $VLO
Phillips 66 - $PSX
Alon USA Energy - $ALJ
Tesoro Corporation - $TSO
Marathon Petroleum - $MPC
Western Refining - $WNR
HollyFrontier Corp - $HFC
Delek US Holdings - $DK
CVR Energy, Inc. - $CVI
Northern Tier Energy - $NTI
PBF Energy Inc - $PBF