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Schlumberger: Navigating the energy transition

Accelerating the reinvention journey in oil and gas

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.


Fast forward: Accelerating the journey to reinvention

What we think

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.


Big Oil’s Great Migration: Survivability to Sustainability

The transition from survivability to sustainability is not easy to execute. Find out how oil and gas companies can act differently for this change.

Downstream oil and gas – Survival of the cleanest

Decarbonization is a necessary step toward a net-zero energy system. Explore how we can change to survive.

Rewiring oil and gas with neuroplasticity

Companies can enable their workforces more easily and overcome their agility hurdles by rewiring themselves.

Case studies

Tullow Oil gears multi-stage digital transformation program with seamless brownfield conversion to SAP S/4HANA® —the first in the industry.

Accenture facilitated YPF’s change in downstream transportation through a new digital foundation, delivering greater insights and decision making.

NexTier Oilfield Solutions consolidated multiple systems into a single ERP platform to achieve merger synergies of US$120 million in just six months.

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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.

Awards and recognition

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


Baker Hughes Collaborates with C3 AI, Accenture and Microsoft on Industrial Asset Management Solutions

Collaboration will focus on creating and deploying digital technology solutions to improve the safety, efficiency and emissions profile of physical assets.

Ecopetrol, Accenture and AWS Work to Help Companies Advance Journey to Water Neutrality Through First-of-its-Kind Open Platform

New water intelligence and management solution will accelerate operational efficiencies and sustainability across the energy industry.

HFS Ranks Accenture the No.1 Utilities Services Provider

Dedicated sustainability services practice, with deep energy transition and decarbonization capabilities, was key to the high marks.

Our leaders

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