A big day for Big Oil: What the pressure for lower carbon and higher returns means for the future of the industry

On Thursday 3rd June, Wood Mackenzie's leading analysts hosted an interactive discussion after three of the world’s largest oil companies suffered big defeats to stakeholders pushing for change in their climate and energy transition strategies.

Watch the recording to learn more about the implications of this momentous day for the Majors and the wider industry:

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You may also be interested in the latest edition of our Horizons series, ‘Swimming upstream: a survivor’s guide'. Upstream strategic planning is riskier than it has ever been before. What do low carbon demand scenarios mean for the upstream industry? How do you allocate capital to oil and gas? What role will consolidation and decarbonization play? Our industry experts examine the key issues you need to consider as the upstream sector positions itself for the future.

In addition, we have recently released new solutions to help you navigate decarbonisation and the role it will play in the global energy transition:

• Emissions Benchmarking Tool: Inform strategic decisions regarding emissions risk management via competitive benchmarking, portfolio analysis and economic impact assessment.

• Energy Transition Tool (part of the Energy Transition Service): understand the impact of energy transition and how to capitalise on this opportunity using our in-depth data sets and cross-commodity coverage, including power and emissions dashboards, emerging technologies such as green hydrogen and carbon capture, scenario comparisons and direct data access.

• Corporate New Energy Series: Understand the challenges associated with carbon footprint measurements and get clarity on the Majors’ carbon targets, ambitions and methodologies used to calculate carbon emissions.

• Wood Mackenzie Lens®: World class data and analytics providing analysis-ready carbon emissions data delivered in seconds. Lens is helping companies identify advantaged barrels and build resilient portfolios, while meeting low-carbon goals.