Research Overview

The energy transition is a complex pathway for the overall global energy industry—including suppliers and users—towards a shift from systems based on fossil fuels to zero-carbon solutions. Timelines for eliminating carbon from energy systems vary by region, but most goals—including the Paris Agreement—focus on achieving net zero by the second half of the 21st century

Oil and gas companies, in particular, are at the front end of change and have both the most to win and the most to lose. As a whole, the oil and gas industry has a major negative environmental impact because of its use of fossil fuels and the high volume of carbon emissions produced from daily activities. The industry is unde pressure to transform by finding a way to operate while reducing its toll on the environment. This study looks at the innovations and strategies of 10 major oil and gas companies around 7 key pillars of the energy transition: eMobility; renewable energy; hydrogen; carbon capture, utilization, and storage (CCUS); electricity utilities; energy storage; and bioenergy.