Against a volatile macro and geopolitical backdrop, the challenges posed by the energy trilemma featured prominently in the oil majors’ first quarter earnings presentations.
The security, affordability and sustainability of energy have all moved up the agendas of companies, policy makers and the media. Management teams emphasized the role their companies play in keeping energy flowing to where it is needed today. At the same time, they reiterated their commitment to continue investing in the energy transition. However, some executives cautioned that plans to diversify energy supply in Europe will be a multi-year effort that could permanently alter the global supply chain for oil and gas.
Read Brunswick’s full report here.