How majors can thrive in the age of transition – part four

Oil and gas majors need to comprehensively reimagine their future, ending the central role played by fossil fuels and plastics in the economy globally. This installment examines the long-term evolution of organisations

This series of articles explains how the majors with an interest in longevity should respond if they want to meet the various, often conflicting, demands from their stakeholders. A comprehensive energy transition strategy would enable the majors to manage these financial and non-financial demands, and thereby ensure their continued success during the age of the third energy transition. In a world that has the objective of ending the central role played by fossil fuels and plastics in the economy, decarbonising and waste management protect the oil and gas industry’s licence to operate in the short term. Broadening the product portfolio gives majors the ability to offset projected declines in