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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
In energy companies, relating to operations after production up to the point of sale. For example, an oil company's operations related to refining oil and selling gasoline to certain distributors are considered downstream. Some companies provide downstream operations exclusively, but most are integrated, providing both upstream and downstream operations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Of or relating to earnings or operations at a firm that are near or at the final stage of consumption. For example, marketing and transportation are downstream operations for a large, integrated oil company. Compare upstream.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.