While this strength in "downstream" businesses limits its exposure to oil-price fluctuations, the company must still solidify its upstream operations.

The balance relates to Ultramar's downstream business.

On March 30, 2012, Petron acquired ExxonMobil's downstream business in Malaysia.

In April 2010, Shell announced its intention to divest from downstream business of all African countries except South Africa and Egypt to Vitol and "Helios".

Gemfields only operational mine is the Kagem emerald mine in Zambia, serving as the entire source of its downstream business.

He also invested in the Ports' downstream business with stevedoring, forwarding and low-loader licenses and had set up a manufacturing plant making steel and iron products like manhole covers and telephone posts.

Statoil Fuel & Retail is a Norwegian energy retail company, formed by the 2010 separation of the downstream business of Statoil ASA into a separate listed company.

On July 14, 2011, ConocoPhillips announced its intent to separate the company's upstream and downstream businesses into two stand-alone, publicly traded corporations, with the intent of maximizing shareholder value.

Early in the year, it had become apparent that the combination of recession and low growth was having a punishing effect on our downstream businesses and that we could no longer continue investing at our previously high levels.

It transferred ownership to Phillips 66 in May 2012 following ConocoPhillips divesting of its downstream business.