In a three-part video series, learn how oil and gas can grow and steer toward net zero by allocating capital and focusing on M&A.

Following several volatile years, the oil and gas sector is poised for growth and continued change as companies aim to increase production and demonstrate commitment to decarbonization.

Patrick Jelinek, Americas Oil & Gas and Chemicals Leader, and Bruce On, EY US Strategy and Transactions Principal, examine the wave of consolidation in the sector and explain why it is a phenomenal time of progression in oil and gas. They also discuss why obstacles, including geopolitical instability, climate-related policy changes and rising energy demands require agility as they complicate the near- and long-term outlook for sustainability goals and industry growth.

Watch our series on driving value in oil and gas from strategy to execution

Part 1: Amplifying capital performance

As energy demand grows, oil and gas companies turn to consolidation to enable cost and net-zero progress. 

Part 2: Allocating capital in oil and gas

Investment strategies in oil and gas require securing current production and future production, while also considering the energy transition and ESG landscape. 

Part 3: Optimizing portfolios in energy

Oil and gas is poised for growth but companies must set and embrace agility in their global strategy due to the ever-evolving geopolitical and energy transition landscape. 

Summary

Capital allocation, portfolio strategy and M&A all have significant roles to play as oil and gas companies aim to increase production and evolve for the future of energy.

About this article

Authors


Related videos

Energy with EY: Maximizing oil and gas operations

Digital and business transformation is crucial for oil and gas to enhance productivity and profitability at scale. Here’s why.

Energy with EY: Unlocking value with sustainability data

With proper data, oil and gas companies can work toward ESG compliance and drive business value. Discover how.

Energy with EY: Unlocking hydrogen’s potential

Hydrogen energy and its benefits can be reaped by navigating these factors. Learn more.

    Discover more

    Why cost discipline and consolidation inspire confidence in oil and gas

    Despite evening commodity prices, US oil and gas companies invest in the core, boost production and strategize for growth, an EY benchmark study reveals.

    Driving profitability and performance so oil and gas can provide energy for all

    Ernst & Young LLP (EY US) helps oil and gas companies implement cost-effective, sustainable strategies for managing emissions and future-proofing operations.

    US oil and gas report: reserves, production, and ESG

    This webcast will feature an in-depth discussion on how US oil & gas companies are investing in the core, boosting production, and strategizing for growth.