The energy industry continues to undergo fundamental change, driven by geopolitical shifts, supply chain disruptions, and an accelerated focus on renewable sources, efficiency and emissions reduction. To better understand how state-owned companies transform their portfolios, in this NOC/INOC Corporate Strategy Benchmarking whitepaper series, divided into two parts – Volume 1: Oil & Gas and Volume 2: Sustainability – we compare the portfolio performance and strategies of seven NOCs and NOCs with international portfolios (INOCs). We examine these companies' resilience in the oil and gas sector, their decarbonization plans and progress, as well as their business diversification strategies.
This whitepaper is Volume 1: Oil & Gas, which presents selected topics from our latest NOC/INOC Benchmarking Report. You can also download Volume 2: Sustainability here.