I have 2 tables , 1 is location and the Other one is Look up table. I have to look into the look up table for the location values and if they are present mark them as 'Y' and 'N' along with their corresponding values
I have written individual update Statements as below:
**Location1,L1value**
Update Location
set (Location1,L1value) =
(select UPPER(VAlue),'Y' from Location_lookup where trim(Location1)=Location
where exists (select 1 from Location_lookup where trim(Location1)=Location);
commit;
**Location2,value**
Update Location
set (Location2,L2value) =
(select UPPER(VAlue),'Y' from Location_lookup where trim(Location2)=Location
where exists (select 1 from Location_lookup where trim(Location2)=Location);
commit;
Similarly for 3rd flag and value.
Is there a way to write single update for all the three conditions? Reason why I am looking for single update is that I have 10+ million records and I do not want to scan the records three different times. The lookup table has > 32 million records.

Here is a solution which uses Oracle's bulk FORALL ... UPDATE capability. This is not quite as performative as a pure SQL solution but it is simpler to code and the efficiency difference probably won't matter much for 10 million rows on a modern enterprise server, especially if this is a one-off exercise.
Points to note:
'Y'setting. I have included processing for'N'but see the coda underneath.There is a working demo on db<>fiddle here. The demo output doesn't exactly match the sample output posted in the query, because that doesn't the given input data.
Setting flags to 'Y' or 'N'?
The code above uses left outer joins on the lookup table. If a row is found the NVL2() function will return 'Y' otherwise it returns 'N'. This means the flag columns are always populated, regardless of whether the value columns are. The exception is for rows which have no matches in LOCATION_LOOKUP for any location (
ID=4000in my demo). In this case the flag columns will be null. This inconsistency follows from the inconsistencies in the question.To resolve it:
'N'remove the WHERE clause from theget_locationscursor query.'N'change the NVL2() function calls accordingly:nvl2(lup1.value, 'Y', null) as l1flag