Sentences with phrase «upstream operations lose»

The world's largest publicly - traded oil and gas company by market value has ridden out a collapse in crude prices better than most, its vertically - integrated model allowing downstream businesses to capture the value that upstream operations lose when oil prices are low.

Not exact matches

Imperial says its upstream business, which includes its oilsands operations, lost $ 44 million compared with a loss of $ 86 million a year ago.