While oil and gas prices will always fluctuate and volatility can be expected, companies can take specific measures to be fit for growth in all market environments. Through enhanced digital investments, effective capital deployment, reliable operational performance, increased margins in the field and refining, and establishing new ways of working, oil and gas companies can reestablish themselves as future-focused organizations.
After experiencing the most extreme drop in oil prices since 1991, compounded by the effects of COVID-19, oil and gas companies find themselves in a world of uncertainty. What lessons can be learned from prior downturns?
PwC energy leaders discuss the impact of COVID-19 and the oil price collapse on oil and gas companies globally -- and what companies can be doing in response to the volatility and new normal.