Oil & Gas: Midstream
World’s Most Productive Companies
Oil & Gas: Midstream
Oil and Gas Midstream companies transport, store, and process oil, natural gas, and natural gas liquids through pipelines, terminals, and processing plants. Productivity rests on asset utilization, throughput, and the fee-based, contracted nature of the business. Long-lived, contracted assets and steady volumes give the group a more stable, annuity-like productivity profile than the rest of Energy.
The group was about flat in 2025, sitting about 12% above its 2019 baseline. No company in the group reached the 2026 World’s Most Productive Companies list this year. Gains were broad across the group.
Productivity Snapshot
- Oil & Gas: Midstream ranks second of four Energy peer groups in 2025, at an Industrial Productivity Index of 1.12, about 12% above its 2019 baseline.
- 3 of 5 companies grew productivity in 2025.
- No company in the group earned a place on the 2026 World’s Most Productive Companies list this year.
- Midstream held above its 2019 baseline in 2025, with steady, fee-based throughput keeping the group's productivity resilient through the cycle.
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