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The World Economic Forum & Accenture

Building public trust in a sustainable energy future
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Necessity is the mother of (re)invention

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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Necessity is the mother of (re)invention: Oil & Gas Reinvention Index

What we think

Case studies

Compañía MEGA implemented SAP SuccessFactors on the cloud—modernizing HR processes, reducing IT costs and managing its workforce to achieve growth.

BP implemented two innovative products to keep its people safe while working faster and more reliably.

How migrating to cloud helped Tullow Oil achieve cost flexibility, agility and a platform for future innovation.

See how a digital strategy roadmap can help decrease millions of tons of emissions.

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Energy insights from our blog

Trends and insights for the oil and gas industry to help navigate the energy transition to build a safe, profitable and sustainable future.

The race to agility: Upstream plans its next big move

We believe upstream players need to not only drive efficiencies, but also transform their operating philosophies to build business resilience.

It’s time to reimagine the OFES operating model

As Oilfield Equipment & Services companies rethink strategies for future growth, they also need to rethink certain elements of their operating models.

Are you in business with the wrong customers?

No upstream company can afford to lose money right now. But many are. Fortunately, three actions can help them manage financial risk more effectively.

Ecosystem partners

We extend our business capabilities through a powerful ecosystem of market leaders, innovators, and sector specialists. Click on the partner logos below to learn how we work together.

News

New Accenture, Energy Workforce & Technology Council study shows inclusion and diversity progress despite pandemic

Despite COVID-19 and lower oil prices, the number of women in the U.S. energy tech and services sector rose to nearly 20%, countering a national trend.

Report: O&G companies most committed to radical reinvention expect twice the revenue, margin of growth for least committed

A new Accenture report identifies best practices oil and gas companies should adopt to thrive in the energy transition.

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