Survey shows likely energy transition paths for oil and gas companies

The pathways to decarbonization are many. Deloitte’s latest survey-based study, “Oil and gas business in a low-carbon world,” highlights four main pathways: “Net-zero pioneers” and “green followers” are now setting their sights on green energy, while “low-carbon producers” and “hydrocarbon stalwart” will likely continue to focus on fossil fuel production, but with many of the latter doing so on a decarbonized basis.

• 47% of oil and gas executives surveyed are currently mapping out near-term decarbonization strategies.
• 5% of respondents are already shifting to green portfolios.
• 30% of respondents currently envision remaining solely focused on oil and gas by the 2040s.