Downstream Oil & Gas KPI Forecasts

Visible Alpha offers detailed consensus estimates for key performance indicators for downstream oil and gas companies across all geographies, sourced from the world’s leading equity analysts.

The downstream oil and gas industry, also known as the oil and gas refining and marketing industry, is the last of three segments in the energy sector value chain. (View Upstream Oil & Gas) Downstream operations involve refining raw crude oil into usable fuels and other petroleum products, as well as marketing, which involves the wholesale and retail distribution of the refined petroleum products.

Below is current consensus forecast data on unit economics, such as refinery capacity and refinery utilization; financials, including free cash flow and net income / (loss); and key ratios, such as net debt / EBITDA and return on average equity. These key downstream oil and gas metrics aid market participants in identifying oil and gas trends and future performance of oil and gas refining and marketing companies, such as Sinopec, TotalEnergies, Chevron Corporation and more. View all Oil & Gas Resources >

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Interactive Downstream Oil & Gas KPI Forecasts

Click on any company or data point in the table or line in the graph to highlight a specific company. The selected company, as available, will be highlighted across all tables, graphs and tabs for a quick view of that company’s performance on each metric. Deselect a company by clicking in the white space in any graph. The data may take a few seconds to load.

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What are the most important downstream oil and gas KPIs?

Key performance indicators (KPIs) are the most important business metrics for a particular industry and are where investors should look to find an investment edge. When understanding market expectations for downstream oil and gas, whether at a company or industry level, here are some of the oil and gas refining and marketing KPIs to consider:

Capacity of Oil Refinery
Refinery Utilization
Refinery Throughput Per Day
Gross Refining Margin

What question do these key downstream oil and gas metrics answer?

Here are some question you can answer with Visible Alpha’s oil and gas refining and marketing forecast data:

Which company has the largest capacity for refining oil?
Which company has the best utilization?
Which company has the largest input of crude oil received?
Which refinery company generates the highest earnings?
Which company generates the highest return on equity?

How can this data be used?

By opening up forecast data on key downstream oil and gas KPIs, Visible Alpha is enabling institutional investors, retail investors, business reporters, students and more to quantify and compare market expectations for companies across the refining and marketing industry.

How do I attribute Visible Alpha?

If you would like to use our data in a research report, an article or an academic report, please cite “Visible Alpha consensus” as your source. For more information on our data and how to cite us, please contact [email protected].

Guide to Upstream Oil & Gas KPIs for Investment Professionals

This guide highlights the key performance indicators for the oil and gas industry and where investors should look to find an investment edge, including:

Oil and gas industry business model overview and diagram
Key oil and gas metrics PLUS Visible Alpha’s Standardized Industry Metrics
Available comp tables for company comparison
Industry terms and definitions

Downstream Oil & Gas Industry KPI Terms & Definitions

Refining

Bbl
Bbl is the abbreviation for barrel(s) of crude oil. In the oil and gas industry, one oil barrel equals 42 U.S. gallons.

Bbl/d
Bbl/d (or BPD, barrels per day) is the abbreviation for barrel(s) of crude oil per day.

Standardized Measures
Standardized measures are a set of non-GAAP supplemental financial data reported by U.S. E&P companies as per the SEC regulations. They include standardized measures of discounted future cash flows from the production of proved reserves and help investors make comparisons between companies.

Refinery Capacity
A refinery’s capacity is the maximum amount of crude oil designed to flow into the distillation unit of the refinery, also known as the crude unit.

Refinery Capacity Per Day
A refinery’s capacity per day is the maximum amount of crude oil designed to flow into the distillation unit of the refinery per day.

Refinery Throughput
A refinery’s throughput is the amount of crude that goes into the refinery for processing into various products.

Refinery Throughput Per Day
A refinery’s throughput per day is the amount of crude that goes into the refinery for processing into various products per day.

Refinery Capacity Utilization (%)
Refinery capacity utilization is the ratio of the total amount of crude oil that runs through the refineries to the operable capacity of these refineries.

Refinery Yield
Refinery yield is the amount of finished product produced from the input of crude oil.

Refinery Yield Per Day
Refinery yield per day is the amount of finished product produced per day from the input of crude oil.

Refining Gross Profit/(Loss)
Refining gross profit/(loss) is the gross profit or loss incurred by a refinery for a given period.

Refining Gross Profit Per Unit
Refining gross profit per unit is the realized gross margin of a refining company.

Refining EBITDA
Refining EBITDA is the EBITDA of a refining company, which is computed after deducting operating expenses.

Refining EBITDA Per Unit
Refining EBITDA per unit is refining EBITDA on a per-unit basis. It is computed by dividing refining EBITDA by refinery throughput.

Refining Operating Income/(Loss)
Refining operating income/(loss) refers to the operating income or loss of a refining company, computed by subtracting depreciation and amortization expense and refining from refining EBITDA.

Refining Operating Income/(Loss) Per Unit
Refining operating income/(loss) per unit is refining operating income/(loss) on a per-unit basis. It is computed by dividing operating income/(loss) by refinery throughput.

Marketing

Marketing Sales Volume
Marketing sales volume is the volume sold by a company in a given period. It can differ from refinery yield if the company wants to increase or decrease final product inventory.

Marketing Average Price Per Unit (Per Gallons)
Marketing average price per unit refers to sales price realized from marketing sales volume. It is computed by dividing marketing revenue by marketing sales volume.

Marketing Gross Profit Per Unit (Per Gallons)
Marketing gross profit per unit refers to the realized gross margin of a company from marketing finished petroleum products. It is computed by dividing gross profit by marketing sales volume.

Marketing EBITDA Per Unit (Per Gallons)
Marketing EBITDA per unit is marketing EBITDA on a per-unit basis. It is computed by dividing EBITDA by marketing sales volume.

Marketing Operating Income/(Loss) Per Unit (Per Gallons)
Marketing operating income/(loss) per unit is on a per-unit basis. It is computed by dividing marketing operating income/(loss) by marketing sales volume.

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