About Oil & Gas Downstream
There are 6.33K companies in the Oil & Gas Downstream sector across the world, with 888 funded companies having collectively raised $231B in venture capital money and private equity. Overall 943 of these are Series A+ funded.
Oil & Gas Downstream sector has seen 528 acquisitions and 325 IPOs. This represents almost 13.5% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes industrial machinery developers, heavy extraction infrastructure operators, or field engineering service providers supporting the exploration, extraction, processing, or distribution of Downstream resources.
Oil & Gas Downstream sector is also known as Industrial Oil & Gas Downstream, Energy Infrastructure Oil & Gas Downstream or Oil & Gas Downstream Equipment Sourcing.
Companies included in Oil & Gas Downstream sector
Includes high-pressure extraction arrays, drilling telemetry systems, wellbore completion logging systems, on-site heavy tool rentals, and specialized downstream distribution equipment.Companies excluded in Oil & Gas Downstream sector
Excludes independent manual labor crews without tech software layers, standard highway commodity trucking, retail gas stations, and generic alternative renewable tech.Market Map of Oil & Gas Downstream
The market map of Oil & Gas Downstream gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Top Companies in Oil & Gas Downstream
There are more than 6.33K companies in Oil & Gas Downstream. Shell is the top Oil & Gas Downstream company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Oil & Gas Downstream companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of natural gas & oil exploration, refining, midstream, and upstream services | London (United Kingdom) | 1907 | Public | - | |
Integrated energy company producing and marketing energy sources | Paris (France) | 1924 | Public | - | |
Distributor of natural gas and power | Warwick (United Kingdom) | 1990 | Public | - | |
Provider of natural gas, power, oil, LNG/LPG, and power generation services | Zug (Switzerland) | 2012 | Acquired | $58.7M | |
Electricity and gas distribution services | Madison (United States) | 1917 | Public | - |
Companies founded year-on-year in the Oil & Gas Downstream sector
25 new startups have been founded so far in 2026 in the Oil & Gas Downstream sector. 102 Oil & Gas Downstream startups were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 25 |
2025 | 9 |
2024 | 26 |
2023 | 62 |
2022 | 67 |
2021 | 67 |
2020 | 84 |
2019 | 75 |
2018 | 100 |
2017 | 102 |
Companies founded across countries in the Oil & Gas Downstream sector
United States has 1,005 Oil & Gas Downstream startups, the most by any country, followed by India which has 478 startups and United Kingdom which has 441.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 1,005 |
India | 478 |
United Kingdom | 441 |
Germany | 296 |
Canada | 153 |
Nigeria | 114 |
Italy | 97 |
China | 94 |
United Arab Emirates | 92 |
South Africa | 87 |
Stage-wise distribution of the Oil & Gas Downstream sector
Out of the total 6,329 Oil & Gas Downstream companies, 888 have secured funding. Among them, 943 have reached Series A or higher, and 915 to Series B or beyond.
Founded - 6,329
Funded - 888
Series A+ - 943
Series B+ - 915
Series C+ - 906
Company Stage | No. of companies |
|---|---|
Founded | 6,329 |
Funded | 888 |
Series A+ | 943 |
Series B+ | 915 |
Series C+ | 906 |
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- 6.3K+ Total Companies
- $231B+ Total Funding
- 885+ Funded Companies
- 320+ IPOs
- 525+ Acquisitions
Funding Trends in the Oil & Gas Downstream sector
Total funding year-on-year in the Oil & Gas Downstream sector
The Oil & Gas Downstream sector saw a total funding of more than $157B in the last 10 years. The most amount of funding was in 2018 at more than $44.6B. There has been a total funding of $1.88B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.88B |
2025 | $15.4B |
2024 | $3.93B |
2023 | $6.35B |
2022 | $8.1B |
2021 | $18B |
2020 | $16.9B |
2019 | $29.2B |
2018 | $44.6B |
2017 | $13B |
Total funding across countries in the Oil & Gas Downstream sector
In the last 10 years, Oil & Gas Downstream startups in United States have recieved the highest funding among all countries - $44.8B. India follows with $6.83B and Canada with $5.9B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $44.8B |
India | $6.83B |
Canada | $5.9B |
China | $2.28B |
Spain | $1.62B |
United Kingdom | $890M |
Sweden | $453M |
Germany | $402M |
Italy | $290M |
France | $164M |
Total funding amount raised by stage in the Oil & Gas Downstream sector
Over the last 10 years, the Oil & Gas Downstream sector have seen $15.8M into Seed Stage funding rounds, $397M into Early Stage funding rounds and $4.18B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Debt | $121B |
Post IPO | $22.5B |
Late Stage | $4.18B |
PE | $1.71B |
Grant | $1.41B |
Early Stage | $397M |
Seed Stage | $15.8M |
Recent Funding Rounds in Oil & Gas Downstream
In the year 2026, till April 2026, Oil & Gas Downstream companies have raised $300K in equity funding across 1 round.
In the same period last year (i.e. till April 2025), Oil & Gas Downstream companies had raised $2.48M across 3 rounds.
So, 2026 has seen a 87.91% drop in funding in Oil & Gas Downstream companies as compared to 2025.
Here are some recent, important funding rounds in Oil & Gas Downstream:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4284 | Apr 17, 2026 | - | |
Series D | 9950 | Sep 01, 2025 | - | |
Series C | 4852 | Jul 10, 2025 | ||
Series B | 5445 | Jun 17, 2025 | - | |
Series E | 7453 | May 31, 2025 |
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Top Investors in Oil & Gas Downstream
Europa is the top investor in Oil & Gas Downstream companies based on number of companies invested.
Here are some top investors in Oil & Gas Downstream:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Oak Ridge (United States) | ||
Washington, DC (United States) | ||
Washington, DC (United States) | ||
Bratislava (Slovakia) |
M&A activity in Oil & Gas Downstream
In the year 2026, till July 2026, 14 acquisitions happened in Oil & Gas Downstream sector. Last year, in 2025, a total of 35 acquisitions happened in Oil & Gas Downstream sector.
Here are some recent, important acquisitions in Oil & Gas Downstream:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 23, 2026 | ||
Business Acquisition | Jul 15, 2026 | ||
Business Acquisition | Jul 14, 2026 | ||
Business Acquisition | Jun 11, 2026 | ||
Business Acquisition | Jun 03, 2026 |
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Acquisition trends in Oil & Gas Downstream
Here are the acquisition trends in Oil & Gas Downstream:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 14 |
2025 | 35 |
2024 | 54 |
2023 | 56 |
2022 | 42 |
2021 | 54 |
2020 | 20 |
2019 | 56 |
2018 | 52 |
2017 | 42 |
IPOs in Oil & Gas Downstream
In the year 2026, till July 2026, 3 IPOs happened in Oil & Gas Downstream sector.
Here are some recent, important IPOs in Oil & Gas Downstream:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 10, 2026 | Hong Kong Exchanges (HKG) | |
Apr 22, 2026 | Ghana Stock Exchange (GSE) | |
Feb 12, 2026 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Aug 20, 2025 | Oslo Stock Exchange (OSLO BORS) | |
Oct 16, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) |
Colleges which produce the most Oil & Gas Downstream companies
Companies founded by alumni from top colleges in the Oil & Gas Downstream sector
Most number of Oil & Gas Downstream startups have been founded by alumni from Harvard University, Massachusetts Institute of Technology and Duke University.
College | No. of companies |
|---|---|
Harvard University | 3 |
Massachusetts Institute of Technology | 2 |
Duke University | 1 |
Harvard Business School | 1 |
IIM Ahmedabad | 1 |
Imperial College London | 1 |
Kellogg School of Management | 1 |
Stanford Business School | 1 |
Stanford University | 1 |
Tel Aviv University | 1 |
Total funding in companies founded by alumni from top colleges in the the Oil & Gas Downstream sector
In the last 10 years, University of Oxford graduates' Oil & Gas Downstream companies have raised the most funding among top colleges. Duke University alumni are second, and Harvard Business School alumni are third.
College | Total Funding |
|---|---|
University of Oxford | $129M |
Duke University | $34.5M |
Harvard Business School | $20.3M |
Harvard University | $20.3M |
Kellogg School of Management | $2.4M |
Massachusetts Institute of Technology | $703K |
IIM Ahmedabad | - |
Imperial College London | - |
Stanford Business School | - |
Stanford University | - |
Top News in Oil & Gas Downstream
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NIQ and Circle K Expand Global Analytics Collaboration Across More Than 12 CountriesKorea Newswire•Jul 23, 2026•NielsenIQ, Circlek, Circle K
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Hindustan Petroleum posts net loss of ₹12,265 crore impacted by West Asia crisisThe Hindu•Jul 22, 2026•HPCL
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Gas Prices Soar Above $4/Gallon Amidst Iran Tensions; Oil Stocks Rise, Airlines FallThe Globe and Mail•Jul 21, 2026•Chevron, United Airlines, ConocoPhillips, Delta
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BP, union dispute continues as local officials call for end to lockout at Whiting RefineryInside INdiana Business•Jul 16, 2026•BP Ventures
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Italgas, a new biomethane connection created in Saluzzo at the Società Cooperativa Agricola Il TiglioIlgiornaleditalia•Jul 15, 2026•Italgas
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WEX DriverDash Integrates with CITGO, Expanding Nationwide Access for FleetsWork Trucks•Jul 15, 2026•CITGO, Wright Express
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BP flags USD1 billion charge as higher prices, margins provide supportShareprices•Jul 14, 2026•BP Ventures
