Oil Price Shocks Put Integrated Oil & Gas Producers in the Spotlight

Global events have disrupted fuel markets, affecting integrated oil and gas producers. Companies like ONEOK (OKE), ExxonMobil Holdings (XOM), and Targa Resources (TRGP) are exposed to these changes.

ONEOK operates a midstream network gathering, processing, transporting, storing, and exporting natural gas, NGLs, refined products, and crude across key U.S. basins. Revenue is split between Refined Products and Crude, Natural Gas Liquids, and Natural Gas Gathering and Processing, with market value at around $55.4 billion.

ExxonMobil Holdings is a global integrated oil and gas producer, spanning upstream wells to refineries, chemicals, and specialty products. It generates approximately $250.9 billion from Energy Products, with significant contributions from Upstream ($112.1b), Chemical Products ($34.4b), and Specialty Products ($21.2b). Market value is near $674.4 billion.

Targa Resources is a major North American midstream operator, running gathering and processing systems alongside NGL, crude, and propane logistics. Revenue primarily comes from Logistics and Transportation ($13.8b) and Gathering and Processing ($6.6b), with a market value of roughly $60.4 billion.