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Positioning For Green: Oil and Gas Business in a Low-Carbon World

Positioning For Green: Oil and Gas Business in a Low-Carbon World

Full Title: Positioning For Green: Oil and Gas Business in a Low-Carbon World: A Spectrum of Opportunities for Oil and Gas Companies
Author(s): Amy Chronis, Kate Hardin, Anshu Mittal, Kathryn Pavlovsky
Publisher(s): Deloitte
Publication Date: October 12, 2021
Full Text: Download Resource
Description (excerpt):

A growing number of oil and gas (O&G) companies are pledging net-zero goals, but not all are clear about how to get there. In a recent Deloitte survey, 56% of respondents view the energy transition as a mixed bag of opportunities, risks, or a complex phenomenon. Successful transition will take a long time, and some prominent energy transition scenarios project oil demand in 2030 to remain around 90 MMbbl/d. This implies there’s likely to be sustained value in oil and gas—indeed, an overwhelming 77% of surveyed executives plan to maintain hydrocarbons as their long-term business.

By associating themselves with an archetype that closely matches their strategy, O&G companies can identify ways to drive value from the transition—and there’s indeed value near US$1.3 trillion to be unlocked.1 However, companies must address their internal transformation using operations design, supply chain ecosystem, a digital mindset, and organizational setup. Fundamentally, meeting high stakeholder expectations can require each archetype to attain a balance not just between economics and environment, but also between growing the overall market and growing their market share.


All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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