From Oil to Energy – IOC Strategies for the Energy Transition

Pages: 13 Published: September 30, 2020 Report Code: GDGE0010Web

Oil and gas demand hit hard by COVID-19 shock. Potential for long-term behavioral change after lockdown experiences creates uncertainty over transportation demand for oil. Majority of future power demand growth to be supplied by renewables. Major IOCs recognized large impairments in Q2 after downward revisions to future oil and gas price assumptions.


IOC targets for the energy transition

IOCs investments in multiple transition technologies

BP Transition Targets

How wider oil and gas sector preparing for transition

Reasons to Buy

Understand the factors supporting the energy transition among IOCs

Identify net zero ambitions of major European IOCs

Understand key technologies IOCs are investing for for energy transition.

Analyze BP’s energy transition strategy

Table of Contents

Questions over recovery of oil and gas demand from COVID 19 shock

IOC targets for the energy transition

European majors leading the charge on renewables

Fastest growth expected in solar and offshore wind

IOCs pursuing investments in multiple transition technologies

BP Focus: Key targets for transformation to an Integrated Energy Company

BP Focus: Future Investment Outlook

BP Focus: Downsizing of traditional hydrocarbons business

BP Focus: Low carbon M&A

BP Focus: Prospects for key growth segments

Wider oil and gas seChallenges and opportunities for the wider market


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