The future of oil and gas - safer, smarter and cleaner.
Winning in the energy transition calls for a new and dynamic approach to capital allocation. We call it the Accenture Energy System Model (patent pending), a portfolio-evaluation methodology that is analytics-based and scenario-driven.
The model looks at two metrics—profitability per joule (USD/J) and invested capital turnover or joule delivered per unit of capital (J/USD)—to weigh asset investments on their absolute value creation. These metrics are particularly important as they encompass all of the variables the converging future energy system introduces.
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.
We bring a full range of energy services for an industry transformation in an increasingly digital world.
Our analysis reveals the top five changes OFES companies must make to diversify and successfully pivot to the future energy system.
Trends and insights for the oil and gas industry to help navigate the energy transition to build a safe, profitable and sustainable future.
Discover how we're breaking ground through our awards and recognitions.
HFS Ranks Accenture the No.1 Provider for Energy Services
RECOGNIZED BY ENERGY RISK MAGAZINE
RECOGNIZED BY IDC MARKETSCAPE
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.
A new Accenture report identifies best practices oil and gas companies should adopt to thrive in the energy transition.