VALUE CREATION IN DOWNSTREAM US-1: Refining, wholesale businesses should play strengths

Despite a grim outlook for the average US downstream competitor, those downstream companies that have consistently created value in the industry have been rewarded with a good return on their investments.Particularly, those refiners and wholesale marketers who know and use their strengths reap the highest returns.The downstream market includes refining, product distribution, and marketing.PricewaterhouseCoopers LLP, global energy and mining, conducted a study identifying the sources of value creation in the industry to understand how particular companies succeed and how their successes will evolve in the future.The consulting firm developed analytical models for refining, wholesale market...

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