How majors can thrive in the age of transition – part three

Oil and gas majors need to comprehensively reimagine their future, ending the central role played by fossil fuels and plastics in the economy globally. This installment examines medium-term strategies including broadening companies’ product portfolios

This series of articles explains how the majors with an interest in longevity should respond if they want to meet the various, often conflicting, demands from their stakeholders. A comprehensive energy transition strategy would enable the majors to manage these financial and non-financial demands and thereby ensure their continued success during the age of the third energy transition. The idea the global economy can overnight end its use of oil, gas and their derivatives is unrealistic. Even in the segments of demand that are likely to transition the earliest, such as personal transportation, it will still take a number of years before the technological alternatives are as cheap and effectiv