Will oil & gas make a profit in 2023?

The oil and gas (O&G) industry earned record profits in 2022, providing ample cash flow to fund their strategies in 2023. And while O&G companies recognize geopolitical and macroeconomic uncertainty in the year ahead, they’ve also been given a clear mandate to secure supply in the short term while transitioning to cleaner energy in the long term.

Can the oil and gas industry continue its strong short-term returns?

Amid a backdrop of increasing commodity prices, investors are optimistic that the oil and gas (O&G) industry can continue its recent streak of strong short-term shareholder returns. Yet they also want leadership teams in the industry to think through value creation during the looming energy transition to more environmentally sustainable options.

Can oil and gas lead the energy transition?

Fortunately, the past two years of oil and gas outlook have demonstrated the sector has the capability to lead in both facets of the new energy economy. Conditions are ripe for the energy transition to accelerate. Discover the key strategic implications for your organization. Read more