Evaluated screen

Oil Exploration and Extraction

Identifies companies and other entities that own or operate upstream activities to discover, develop, or produce crude oil, condensate, bitumen, or other liquid hydrocarbons, including conventional and unconventional onshore and offshore operations. Refining, transport, trading, power generation, and oilfield services without an upstream ownership or operator role are excluded. Hydraulic fracturing, deepwater, oil-sands, Arctic, and other high-impact characteristics are separately recorded where evidenced.

Type
Evaluated
Version
2026.08.21.2
Published
Aug 21, 2026
Inclusions
7
Exclusions
6
How to read this definition

Inclusion criteria describe evidence that can establish this activity. Exclusion criteria identify circumstances that do not establish it on that basis alone. The evaluation remains connected to its taxonomy version and supporting evidence.

Can establish this activity

Included when supported

Evidence may support involvement when it matches one or more of these inclusion criteria.

7 criteria
  1. 01Criterion

    Operators of Crude Oil Production Fields

    Defined as: Companies managing onshore or offshore oil fields that produce crude oil for commercial sale or refining.

  2. 02Criterion

    Companies Conducting Oil Exploration Activities

    Defined as: Entities performing geological surveys, seismic analysis, exploratory drilling, or resource appraisal for oil development purposes.

  3. 03Criterion

    Owners of Upstream Oil Assets or Extraction Rights

    Defined as: Firms holding licenses, leases, concessions, or production-sharing agreements related to oil extraction activities.

  4. 04Criterion

    Companies Engaged in Conventional Oil Extraction

    Defined as: Entities producing crude oil through traditional drilling and pumping methods from conventional reservoirs.

  5. 05Criterion

    Companies Engaged in Unconventional Oil Extraction

    Defined as: Firms extracting oil through methods such as horizontal drilling, enhanced oil recovery, shale oil production, or oil sands extraction.

  6. 06Criterion

    Integrated Energy Companies With Upstream Oil Operations

    Defined as: Diversified energy companies reporting oil exploration or crude oil production as part of their operating activities.

  7. 07Criterion

    Developers of New Oil Extraction Projects

    Defined as: Companies involved in planning, permitting, financing, or constructing upstream oil production projects.

Does not establish this activity on its own

Excluded on this basis alone

These circumstances do not establish this activity unless separate evidence also meets an inclusion criterion.

6 criteria
  1. 01Criterion

    Oil Refining and Petrochemical Operations Without Upstream Activity

    Defined as: Companies involved solely in refining crude oil or manufacturing petroleum-based products.

  2. 02Criterion

    Oil Transportation, Storage, or Pipeline Companies

    Defined as: Midstream firms transporting or storing crude oil without involvement in exploration or extraction.

  3. 03Criterion

    Fuel Retailers and Downstream Marketing Businesses

    Defined as: Entities engaged only in the sale or distribution of refined petroleum products to end users.

  4. 04Criterion

    Oilfield Service or Equipment Providers Without Production Ownership

    Defined as: Contractors providing drilling, engineering, seismic, or technical services without ownership or operational control of oil extraction assets.

  5. 05Criterion

    Companies Exploring Only for Natural Gas Without Oil Production

    Defined as: Firms exclusively engaged in gas exploration and extraction activities.

  6. 06Criterion

    Companies With Fully Decommissioned or Sold Oil Assets

    Defined as: Entities that have permanently exited oil exploration and production activities.

Evidence and evaluation methodology

How sources, entity pathways, decisions, qualifiers, and review history are handled.

Map screens to a client policy

How to choose provider screens, document coverage, and decide what happens after an outcome.

Other screens under Oil

Taxonomy version 2026.08.21.2, published Aug 21, 2026. Material changes receive a new immutable release so earlier evaluations remain tied to the definitions and criteria used.

Oil