Oil and gas companies face a capital allocation dilemma as they forge their plans for 2026. Downside risks could send prices materially lower in the near-term. But the slowing energy transition will require all companies to work out how to extend their oil and gas portfolios into next decade while recalibrating their low-carbon growth strategies. Pressure to return capital to shareholders and retain financial strength will also cap re-investment rates.
Join our experts on September 9th at 9AM BST/4PM SGT (EMEA/APAC) and 10AM MDT/5PM BST (Americas/EMEA) to find out how oil and gas companies will manage this complex dynamic.
Focused on 34 of the world’s largest oil and gas operators, this webinar will share insights from the latest Corporate Strategic Planner 2026 - Oil & Gas report from Wood Mackenzie's Corporate Strategy & Analytics Service. This timely analysis is designed to help companies, advisors and shareholders anticipate and navigate the key themes for the 2026 planning and capital allocation cycle.
Agenda:
- Investment trends: shifting priorities as the energy transition slows – will companies continue to prioritise shareholders and balance sheets over long-term portfolio needs?
- Corporate guidance: what is current guidance for capex and production and how might the outlook evolve with volatile commodity markets and cost uncertainty?
- The 2026 planning cycle: how are capital allocation dynamics shifting across Upstream, Downstream and Low Carbon portfolios?
- Strategic drivers: what are the weaknesses that companies need to address?
Speakers

Tom Ellacott
Senior Vice President, Corporate Research
Tom leads our corporate thought leadership, drawing on more than 20 years' industry knowledge.
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Raphael Portela
Principal Research Analyst, Corporate Analysis
Raphael focuses on Latin America and its national oil companies as a senior analyst on our Corporate Research team.
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Unwrapping key players in Colombia's upstream sector
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Alex Beeker
Research Director, Corporate Research
Alex is a research director on our Corporate Research team, focused on the Majors and US Independents.
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Neivan Boroujerdi
Director, Corporate Research
Neivan leads Wood Mackenzie's global corporate NOC coverage.
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ADNOC acquires stake in Rovuma LNG from Galp
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How and why big oil is strengthening its oil and gas exposure