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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

Capabilities

We bring a full range of energy services for an industry transformation in an increasingly digital world.

Exploration and production

We optimize upstream operating models to help you develop and maintain a competitive advantage.

Liquefied natural gas (LNG)

From investment decisions to operations, we assist you across the end-to-end LNG value chain.

Energy transition

Offering insights, services and solutions to help our clients advance towards a net-zero emissions future.

Trading and commercial

We help you gain new efficiencies by managing energy trading risk, reducing costs and monetizing opportunities.

Refining operations

How digital technology is rapidly driving powerful results for refineries.

Sales and marketing

Transform the customer experience at the service station with solutions that capitalize on digital technologies.

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What we think

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Case studies

Digital transformation through SAP SuccessFactors

Digital transformation through SAP SuccessFactors

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

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BP powers productivity with digital transformation

BP powers productivity with digital transformation

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

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Tullow’s journey to Cloud SAP

Tullow’s journey to Cloud SAP

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

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Oil company turns into innovation powerhouse

Oil company turns into innovation powerhouse

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

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Energy insights from our blog

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

Accenture Energy

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.

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Accenture Energy

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.

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Accenture Energy

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.

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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.

SAP
AWS
Microsoft
Salesforce
Workday

Awards and recognition

Discover how we're breaking ground through our awards and recognitions.

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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.

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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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Our leaders

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Muqsit Ashraf

Senior Managing Director, Lead – Energy Industry Sector

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John Downie

Senior Managing Director – Strategy & Consulting, Energy Lead, North America

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Andrew Smart

Senior Managing Director – Strategy & Consulting, Energy Lead, Europe

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Paul Carthy

Managing Director – Strategy & Consulting, Energy Lead, Growth Markets

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