Oil and Gas IB Interview Practice Test

Explore and produce-focused firms that don’t own large refining networks are described as independent upstream E&P companies. EOG Resources fits this profile as a leading pure-play upstream operator, concentrating on oil and natural gas development in major US plays without a significant downstream refining footprint. The other names are integrated majors, meaning they have substantial refining, marketing, and other downstream operations in addition to their upstream activities. That combination of upstream focus and lack of a large downstream network makes EOG Resources the correct choice.