Transition leaders more optimistic on profits
Confidence in hitting financial targets is correlated with investment in efficiency and decarbonisation, finds DNV GL report
Firms in the oil and gas sector that are investing in the energy transition are more optimistic about their ability to achieve their financial targets for 2020 than those that remain focused on traditional business, according to a report from standards agency DNV GL. DNV GL surveyed more than 1000 senior oil and gas professionals for its New directions, complex choices report. While confidence about industry growth remains high at 66pc, it has fallen sharply from 76pc in 2019. However, despite challenging price and economic conditions, it remains well above the nadir of 32pc in 2017. “When we asked about their beliefs for this year, those that are most positive about their own success are
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