Best Oil & Gas Downstream Companies in United States
The 1373 best Oil & Gas Downstream companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Dominion Energy.
The 1,373 Oil & Gas Downstream companies tracked in the United States represent a funding base of $12.1B, and this directory ranks them by disclosed equity funding and recent momentum. One unicorn in the mix. Dominion Energy leads at $4.0B raised, with Venture Global Lng at $1.4B a clear second tier, and the rest of the field drops fast from there.
The revenue story is where it gets serious. Across 52 validated filers, the combined pool hits $265.2B, with a median of $960M per company growing at 8% YoY. Exxon Mobil Corp filed $83.6B in revenue, and its $4.2B net income runs 53x the sector median of $78M. That's not a rounding error, that's structural dominance. Marathon Petroleum Corp posted $34.2B at plus-9%, and HollyFrontier Corp's $18.4B came with a staggering 534% YoY jump. The global downstream market forecast to reach $9.4B by 2035 at a 4.9% CAGR gives you the macro tailwind, but I'd argue the real signal is right here in these filings. As shown in 2020 research, flood resilience is an increasingly material operational risk for downstream infrastructure, and it's showing up in coverage themes now.
Ranked: Best Oil & Gas Downstream companies in United States
| # | Company | Disclosed funding | Last round | Employees | Founded | Founder | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Dominion Energy Producer and transporter of energy 82Funding top 16%Market top 18%Tech top 23%Fin. health top 26% All 13 signals ▾Fundingtop 16% Markettop 18% Techtop 23% Fin. healthtop 26% Producttop 30% Customerstop 32% Moattop 34% Innovationtop 36% Newstop 50% Globalbottom 49% Talentbottom 49% Growthbottom 47% Partnersbottom 47% Funding: Raised $4.0B across 6 rounds · 6 rounds over 8 yrs (0.8/yr) Market: 17,700 employees (top 2% of Energy) · Revenue ~$16.5B rank vs industry peers · Fliar Intelligence Index 82/100 | $4.0B | 13 mo ago | 17,700 17,700 → 27,861 (+57%) | 1983 | Robert Blue CEO | 17 signals ▼59% Earnings · Contracts · M&A | — | — |
| 2 | Venture Global LNG LNG production and export company | $1.4B | 31 mo ago | 410 | 2013 | — | 6 signals ▼82% Contracts · Announcements · Lawsuit | — | 2 partnerships |
| 3 | Ferrellgas Provider of propane delivery and related services | $1.3B | 63 mo ago | 4,005 | 1939 | — | 3 signals ▲50% Earnings · M&A · Funding | 5 patents Fuel dispensing and tank filling systems for propane/LPG | 1 partnership |
| 4 | NiSource Electricity and natural gas distribution service provider | $750M | 52 mo ago | 7,364 7,364 → 6,608 (-10%) | 1912 | Joe Hamrock CEO & President | 11 signals ▲83% Earnings · Contracts · Announcements | — | 1 partnership |
| 5 | Inergy Midstream and downstream company | $750M | 185 mo ago | 2,910 | 2009 | Robert Phillips CEO | — | 12 patents Modular, stackable photovoltaic‑battery systems for portable and adaptive solar power generation | — |
| 6 | Colonial 🦄 Petroleum products transmission company | $641M | 232 mo ago | 923 923 → 1,065 (+15%) | 1962 | Kellen Johnson Assistant to Chief Executive Officer | 3 signals ▼40% M&A · Layoffs | 12 patents Mattress display systems and protective accessories for bedding products | 2 awards |
| 7 | GreatPoint Energy Provider of online gambling and gaming services | $562M | 172 mo ago | 35 | 2004 | Andrew Perlman Founder | — | 325 patents Hydromethanation and catalytic gasification converting carbon feedstocks to methane/methanol. | — |
| 8 | PBF Energy Downstream petroleum company | $500M | 96 mo ago | 3,631 3,631 → 1,905 (-48%) | 2008 | — | — | — | — |
| 9 | Empire Petroleum Wholesale distributor of motor fuels and convenience store operator | $336M | 94 mo ago | 450 | 1998 | — | — | — | — |
| 10 | Western Refining Diversified investment firm specializing in real estate, private equity, and other sectors | $300M | 136 mo ago | 1,453 | 1997 | — | — | — | — |
| 11 | Mountain Express Oil Company Manufacturer of plastic household products and children's toys | $205M | 55 mo ago | 600 | 2000 | — | — | — | — |
| 12 | Amp Americas Developer of renewable natural gas (RNG) from dairy farm waste | $157M | 15 mo ago | 16 | 2011 | Steve Josephs Co-Founder | — | — | — |
| 13 | ENGIE Provider of integrated renewable and low-carbon energy solutions | $155M | 89 mo ago | 3,101 3,101 → 3,266 (+5%) | 1981 | Frank Demaille CEO | 4 signals ▲33% Contracts | — | 1 internship · 2 partnerships |
| 14 | Triten Energy Partners Downstream infrastructure investment company | $150M | 80 mo ago | — | 2019 | — | — | — | — |
| 15 | IPR Group of Companies Vertically integrated oil & gas company | $100M | 226 mo ago | — | 2000 | M.K. Dabbous CEO | — | — | — |
| 16 | South Jersey Gas Provider of natural gas services and energy efficiency programs | $77M | 179 mo ago | 1,173 | 1947 | Michael Renna CEO & President | — | — | — |
| 17 | PURAGLOBE Provider of used oil recycling company | $76M | 45 mo ago | 277 | 1995 | Andreas Schuppel CEO & President | — | — | — |
| 18 | Verde Clean Fuels Developer of low-carbon gasoline production technologies using natural gas and biomass feedstocks. 40Growth top 38%Funding top 41%Talent top 42%News top 45% All 8 signals ▾Growthtop 38% Fundingtop 41% Talenttop 42% Newstop 45% Globalbottom 37% Marketbottom 33% Partnersbottom 32% Techbottom 28% Growth: Fresh capital in last 24 mo Funding: Raised $70.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $70M | 17 mo ago | — | 2007 | Ernest Miller Chief Executive Officer | 10 signals Earnings · Leadership · Contracts | — | — |
| 19 | Prometheus Energy Downstream LNG company | $59M | 159 mo ago | 32 | 2008 | Jim Aivalis CEO | — | — | — |
| 20 | C-Zero Distributor of natural gas 27Funding top 38%Moat top 45%Patents bottom 45%Talent bottom 45% All 8 signals ▾Fundingtop 38% Moattop 45% Patentsbottom 45% Talentbottom 45% Globalbottom 39% Innovationbottom 38% Marketbottom 32% Newsbottom 18% Funding: Raised $50.5M · 4 rounds over 5 yrs (0.8/yr) Moat: Editorial + unicorn rating 1/10 · IP moat: 37 patents rank vs industry peers · Fliar Intelligence Index 27/100 | $50M | 21 mo ago | 27 | 2018 | Zach Jones CEO | — | 37 patents Patents concentrated in chemistry & materials | — |
| 21 | CleanJoule Manufacturer of sustainable aviation fuel | $50M | 36 mo ago | 7 | 2009 | Ashok Joshi Co-Founder | — | 7 patents Cyclooctane-based fuel additives and seal swelling compounds, plus bicyclic hydrocarbon production processes. | — |
| 22 | CDM Resource Management Natural gas compression and treatment services | $50M | — | 245 | 1997 | — | — | — | — |
| 23 | network international Network International is a global online marketplace that connects buyers of oil and gas assets with sellers… | $48M | 315 mo ago | 10 | 1999 | — | 6 signals ▼33% M&A · Leadership · Contracts | — | — |
| 24 | Vinland Energy Provider of natural gas exploration and distribution services | $35M | — | — | 2007 | Michael J Robinson CEO & President | — | — | — |
| 25 | Nacero Producer of low-carbon methanol and sustainable biofuels | $35M | 89 mo ago | 48 | 2015 | — | — | — | — |
| 26 | Independence Hydrogen provider of logistics services | $30M | 11 mo ago | 16 | 2022 | — | — | — | — |
| 27 | Badlands Provider of crude oil carrier services 45Funding top 38%Market bottom 49%Talent bottom 45%Global bottom 25% All 4 signals ▾Fundingtop 38% Marketbottom 49% Talentbottom 45% Globalbottom 25% Funding: Raised $30.0M across 1 rounds · Stage: Conventional Debt Market: 94 employees (top 41% of Trucking) rank vs industry peers · Fliar Intelligence Index 45/100 | $30M | — | 94 | 2011 | Roger Johnson Owner | — | — | — |
| 28 | Accelergy Corporation Clean, low-carbon synthetic liquids and transportation fuels for global markets | $29M | 120 mo ago | 3 | 2003 | John Rockwell CEO & President | — | 75 patents Biomass biorefinery converting waste to biofuels and biofertilizers, including cyanobacterial products. | — |
| 29 | Meridian Energy Group Developer of environmentally compliant crude oil refineries | $26M | 75 mo ago | 50 | 2012 | — | — | — | — |
| 30 | Blue Roads Solutions Liquefied natural gas distribution company | $25M | 129 mo ago | — | 2013 | Andy Pujats Founder | — | — | — |
| 31 | Byco Production, marketing, and sale of petroleum products | $25M | 174 mo ago | 895 | 1995 | — | — | — | — |
| 32 | Exelon Provider of energy services with an electric and natural gas distribution | $20M | 85 mo ago | 466 | 2000 | Chris Crane CEO | 14 signals Earnings · M&A · Leadership | 7 patents Patents concentrated in computing, sensing & instrumentation | — |
| 33 | Meritum Energy Distributor of propane, fuel, lubricants, and other NGL assets 37Growth top 37%Talent top 38%Tech top 45%Funding top 50% All 7 signals ▾Growthtop 37% Talenttop 38% Techtop 45% Fundingtop 50% Newsbottom 40% Globalbottom 30% Marketbottom 29% Growth: 1 acquisition/expansion move in 24 mo · Fresh capital in last 24 mo Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $15M | 12 mo ago | 26 | 2015 | Rob Chalmers Co Founder Executive Vice President & CFO | — | — | — |
| 34 | Pricelock Provider of sourcing and manufacturing solutions for the fashion industry | $12M | 183 mo ago | 11 | 2007 | — | — | 33 patents Geospatial retail commodity price forecasting and price‑protection contract automation | — |
| 35 | Core Appalachia Provider of oil & gas production and logistic services | $10M | 101 mo ago | 100 | 2006 | James Rode Co-Founder & CEO | — | — | — |
| 36 | Texican Crude & Hydrocarbons Provides natural gas logistics services | $8M | 143 mo ago | — | 2012 | Robert L. Blevins Chairman & CEO | — | — | — |
| 37 | Pesco Beam Environmental Solutions Oil refining systems and biodiesel systems | $8M | 222 mo ago | 5 | 1991 | — | — | — | — |
| 38 | KBK Industries Manufacturer of tanks for industries | $6M | 245 mo ago | 48 | 1975 | Gene Kyle Co-Founder | 3 signals M&A | 5 patents Water treatment hardware: inline chlorination, salt dosing, valve actuation, thermal‑managed lighting. | — |
| 39 | Corning Natural Gas Natural gas distribution company | $4M | 74 mo ago | 65 | 1904 | Mike German president and ceo | — | — | — |
| 40 | Warren Oil Company Manufacturer and provider of lubricants oils | $4M | 39 mo ago | 500 | 1976 | Richard Kalin CEO & President | — | — | — |
| 41 | Plas2Fuel Provider of converting plastic into synthetic petroleum services | $3M | 205 mo ago | — | 2004 | Kevin DeWhitt Founder | — | 3 patents Plastic waste recycling technologies converting polymers into fuel | — |
| 42 | Noble Petro Commercial distributor and supplier of refined petroleum products | $3M | 101 mo ago | — | 1990 | Thomas Kivisto CEO | — | — | — |
| 43 | SoCal Propane Propane distribution company | $2M | 84 mo ago | — | 2013 | — | — | — | — |
| 44 | Reaction35 Producer of petrochemicals and fuels from light hydrocarbons | $2M | 87 mo ago | — | 2008 | Jeffrey Sherman CEO | — | 8 patents Catalytic conversion of light alkanes to olefins and alkylate fuels | — |
| 45 | XcelPlus Provider of biodiesel waste glycerin to make turbine fuels and coal plant fuels | $1M | 58 mo ago | — | 1999 | Bill Smith Founder | — | — | — |
| 46 | VBASE Oil Producer of oils and lubricants | $1M | 21 mo ago | — | 2021 | Jeff Dimaio President and CEO | — | — | 1 launch |
| 47 | kraftwerk Provider of products and services for oil and gas transportation | $689K | 48 mo ago | 22 | 2016 | — | — | — | — |
| 48 | Kit Carson Electric Cooperative Propane fuel delivery service provider | $500K | 7 mo ago | 47 | 1934 | Luis A Reyes Jr CEO | — | — | 1 partnership · 1 award |
| 49 | Sunoco Petroleum products distribution company | $350K | 47 mo ago | 2,302 | 1889 | Joseph Kim CEO & President | 14 signals ▲40% M&A · Announcements · Acquisition | 110 patents Polypropylene production and phenol‑based chemical processes for polymer and fuel additives | — |
| 50 | Evolve Lubricants Provider of sustainable motor oils made from renewable plant based synthetic products | $100K | 28 mo ago | — | 2021 | Rick Lee CEO & MD | — | 19 patents Renewable‑feedstock formulation of sustainable lubricants and petroleum‑alternative oils | — |
Top 12 Oil & Gas Downstream companies in United States
#1
Acquired · United States · founded 1983 · 17700 employees$4Braised▾
In 2022, the company recorded annual revenues of $17.17B and a net profit of $0.99B.
- May 2025Grant (prize money)$33.6M
- Nov 2018Conventional Debt—
- Nov 2018Conventional Debt$362M
- Sep 2018Conventional Debt$3B
#2
Acquired · Chicago, Illinois · founded 2011 · 16 employees$156.8Mraised▾
Developer of renewable natural gas (RNG) from dairy farm waste. This company develops and operates on-farm dairy RNG projects, sources and markets RNG to large fleet customers, and partners with dairy farmers to increase ultra-low carbon intensity gas production. The company received certification for its dairy waste-to-vehicle fuel pathway and achieved a low carbon intensity score. Its business model focuses on converting agricultural waste into a sustainable transportation fuel.
- Feb 2025Grant (prize money)$53.9K
- Jul 2019Series B$75M
- Aug 2017Series B$47M
- Jul 2014Series A$32M
#3
Series C · Ashburn, Virginia · founded 2022 · 16 employees$30Mraised▾
provider of logistics services
- Jul 2025Series C—
- Mar 2022Series C$30M
#4
Series B · San Antonio, Texas · founded 2015 · 26 employees$15.2Mraised▾
Distributor of propane, fuel, lubricants, and other NGL assets. This entity operates a network of distribution assets and provides wholesale fuel solutions leveraging supplier relationships, pipeline access, and rail terminal capabilities. It offers services to businesses of all sizes, emphasizing value, service, safety, and support. The company's supply network and fuel professionals enable it to meet diverse customer needs.
#5
Public · Houston, Texas · founded 2007$70Mraised▾
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- Dec 2024Post IPO$50M
- Feb 2024Post IPO$20M
#6
Series F · Arlington, Virginia · founded 2013 · 410 employees$1.4Braised▾
Venture Global LNG is a US-based company focused on producing and exporting liquefied natural gas. The company operates natural gas pipelines and LNG facilities in North America.
#7
Series B · Goleta, California · founded 2018 · 27 employees$50.5Mraised▾
Developer of natural gas decarbonizing technology designed to avoid the generation of carbon dioxide from energy processing. The company's proprietary technology uses high-temperature catalytic melt systems to break down methane, the primary molecule in natural gas, into hydrogen and solid carbon, enabling energy consumers to reduce emissions and get low-cost energy on demand.
#8
Funding Raised · Taos, New Mexico · founded 1934 · 47 employees$500Kraised▾
Kit Carson Electric Cooperative provides electricity, propane and internet service to northern New Mexico.KCP offers a wide range of products and services to accommodate the needs of both residential and commercial sectors like billing, online bill pay, etc.
- Oct 2025Grant (prize money)$500K
#9
Public · Merrillville, Indiana · founded 1912 · 7364 employees$750Mraised▾
NiSource offers electricity and natural gas distribution service. As of September 2017, it has distribution operations across seven states in the United States including Indiana, Ohio, Pennsylvania, Virginia, Kentucky, Maryland, and Massachusetts. It offers the distribution service to both residential and commercial customers and has a network of over 45k miles of distribution pipelines across the seven states. In 2022, the company recorded annual revenues of $5.94B and a net profit of $0.71B.
- Jan 2022Post IPO—
- Jun 2018Conventional Debt$350M
- Jun 2018Post IPO$400M
#10
Public · Overland Park, Kansas · founded 1939 · 4005 employees$1.3Braised▾
Provider of propane delivery and related services. It offers propane delivery for residential, business, agricultural, and automotive applications. Services include tank installation, refills, auto-fill programs, and tank monitoring. The company also provides propane appliances and equipment. Support services include customer account management and safety resources.
- Mar 2021Post IPO$700M
- May 2018Conventional Debt$575M
#11
Seed · Anderson, South Carolina · founded 2021$1Mraised▾
Producer of oils and lubricants
- Sep 2024Seed$2.5M
#12
Series C · Salt Lake City, Utah · founded 2009 · 7 employees$50Mraised▾
Manufacturer of sustainable aviation fuel
- May 2023Series C$50M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Downstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising