Are you a small biz, Start-Up or Entrepreneur and think there is no way you can profit from the oil & gas industry? Well your wrong. Learn about a little known part of the oil & gas industry that is on the lookout for new technology, process or materials. Oil & gas venture capitol is alive and well and they have plenty of money to invest.

Business Units Mentioned:
Chevron Venture Capital
Chevron Technology Ventures
ExxonMobil Research & Development and Capital Investment
Shell Technology Ventures and Innovation
Halliburton Technology R&D
BakerHughes Center for Technology Innovation

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The Hidden Intersection of Oil & Gas and Start Ups, Small Biz & Entrepreneurs

Hey, folks. Let’s learn something new about the oil and gas industry.

[Music]

All right. What do you do if you’re a startup or an entrepreneur or small business and you think you have something that can help the oil and gas industry, but you think you’re just too small to compete? We’re going to show you how to get it done.

So, what you may not know is that every major oil and gas company has a group whose charter was going out into the world and finding new technology, new process, new materials, and new procedure, right? They realize that most of these new stuff that they will need to compete in the future will be in the hands of small businesses or maybe even startups or maybe it’s just an idea. So they have literally hundreds of millions of dollars to invest right?

So some of these organizations like Chevron has Chevron Venture Capital, Chevron Technology Ventures. ExxonMobil has Exxon Research and Development and Exxon’s capital investments. Shell has Shell Technology and Innovation. Halliburton has their Technology R&D Group. Baker Hughes has their Center for Technology Innovation and the list goes on and on.

And all these organizations are fully staffed, fully funded and they go out in the world and they’re looking for new stuff, right? Do you have that new stuff? Do you have a great idea that can impact the oil and gas industry? And don’t necessary think oil and gas, I mean everything from technology to aviation place in the oil and gas world. So if you have something new that’s valuable to the business, reach out to one of these organizations, a quick Google search, you could find them all and show them what you have.

In my lifetime, I’ve seen twenty seven companies that were either startups or entrepreneurs get partner with the oil and gas company through these centers, right? And what happens is they give them money, they give them research, they give them scientist and they take that and they grow it until it’s valuable to the business say such as Shell. At that point, Shell buys it, right?

So imagine how wonderful that would be, you have a small company or you’re entrepreneur you’re a startup, somebody like Shell or Chevron or Exxon basically funds you grows it and then helps you exit profitably. I mean how wonderful a thing would that be? And it’s a part of the industry that nobody knows exist, so if that intersects your business, reach out there and make it happen for you and good luck to you.

I hope this helped. We will see you next time.