Oil sector needs to get ready for Upstream 2.0

The coffers are full, but what oil companies do next will be decisive for their own fate and that of the energy transition

Generations: A coal-fired power plant, a refinery and a wind turbine operate within sight of each other Gelsenkirchen, Germany
Generations: A coal-fired power plant, a refinery and a wind turbine operate within sight of each other Gelsenkirchen, GermanyPhoto: AP/SCANPIX
Published 5 January 2023, 08:25Updated 5 January 2023, 08:37