An Upstream Company conducting a business activity of:
| Exploration of a new Petroleum Assets |
|---|
| Maintaining a profitable production from Petroleum Assets |
| Search, valuation and acquisition of existing Petroleum Assets |
| Selling existing Petroleum Assets in order to raise the funds for a more profitable investment opportunities |
and operating in Shareholders's interest.
It consists of:
| Employees | who run Business operations |
|---|---|
| Assets | which represent the resources supporting the Business operations |
| Liabilities | which represent the future sacrifices of Assets that the Business is obliged to make to other entities |
The Petroleum Company acts as:
| when selling crude oil and/or gas to the other Businesses | when consuming the Products from the other Businesses |
See also
Society / Legal Entity / Company
[ Sample of Petroleum Operating Company Financial Statements ]