target audience: TECH SUPPLIER Publication date: Dec 2022 - Document type: IDC Survey Spotlight - Doc Document number: # US49932122
Energy Transition Is upon the Oil and Gas Industry
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Abstract
This IDC Survey Spotlight highlights the energy transition in the oil and gas (O&G) industry. The O&G industry is among the most scrutinized on the planet. As regulators grapple with the competing interests in energy security and climate change, under investment in capital projects in the past many years, ESG is at the front and center of the discussion. Management teams for corporations are getting the message and steering toward ESG-driven values and metrics that are viewed as "sustainable" in the long term rather than strictly focusing on short-term profits.