Most oil and gas companies realize the need to transform to achieve profitability and stay relevant during and after the energy transition. Yet, many still struggle to understand what transformation will mean to their business.
Our inaugural Oil and Gas Reinvention Index research suggests that transformation will not be enough. Reinvention is needed. And that reinvention must be anchored in five core areas. Our research bears this out. Survey findings show that oil and gas companies most committed to reinvention expect their actions to help them grow margins by at least 7% and revenues by at least 11% in the next three years.We believe reinvention across these five dimensions will distinguish the industry leaders in the years ahead and potentially unlock up to $500 billion in value annually for the industry.
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Kenz shares 3 key-value levers for a low-carbon future as the energy transition requires all oil and gas companies to rethink their portfolios.
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As Oilfield Equipment & Services companies rethink strategies for future growth, they also need to rethink certain elements of their operating models.
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