Transition leaders more optimistic on profits
Confidence in hitting financial targets is correlated with investment in efficiency and decarbonisation, finds DNV GL report
Firms in the oil and gas sector that are investing in the energy transition are more optimistic about their ability to achieve their financial targets for 2020 than those that remain focused on traditional business, according to a report from standards agency DNV GL. DNV GL surveyed more than 1000 senior oil and gas professionals for its New directions, complex choices report. While confidence about industry growth remains high at 66pc, it has fallen sharply from 76pc in 2019. However, despite challenging price and economic conditions, it remains well above the nadir of 32pc in 2017. “When we asked about their beliefs for this year, those that are most positive about their own success are
Also in this section
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
