SlideShare a Scribd company logo
Oil and Gas Reinvention Index 2022
The reinvention reset
From bold plans to pragmatic actions
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Meet the authors
2
Copyright © 2022 Accenture. All rights reserved.
Special thanks to the following contributors: Pedro Beltramino, Piera Pedemonte, Mohd Arif and Gargi Chakrabarty.
Muqsit Ashraf
Lead – Strategy
Muqsit leads Accenture Strategy,
a multibillion-dollar business unit
across more than 40 industries in
over 120 countries that helps
clients tap new market
opportunities and execute large-
scale transformation initiatives. He
is also a member of Accenture’s
Global Management Committee.
Prior to this role, Muqsit led
Accenture’s Energy industry
sector, helping companies
reinvent to improve returns and
become more sustainable. Muqsit
attended Yale University and now
lives in Houston. in Houston.
Aleek Datta
Managing Director
Strategy & Consulting, Energy
Diana Alcala
Senior Manager
Strategy & Consulting, Energy
Diana works with oil and gas
companies across the value chain in
the US and Latin America, helping
them optimize operations, develop
their digital strategies and prepare
their talent and organizations for
industry shifts. More recently, she
has been advising oil and gas
leaders on how to reinvent their
companies for the energy transition,
including integrating new
businesses into their portfolios.
Diana earned an MBA from the MIT
Sloan School of Management and
lives in Houston.
Lasse Kari
Senior Principal
Accenture Research, Energy
Lasse has 15 years of market and
business research expertise in
economic value modeling and
indexing, along with global
executive and consumer surveys.
Most recently, his work has focused
on the reinvention of the oil and gas
industry, cross-sector energy
transition topics and overall
industrial decarbonization. Lasse
speaks regularly at major industry
events and is based in Düsseldorf.
For more than 15 years, Aleek has been
advising oil and gas leaders across the
energy value chain on business strategy,
large-scale transformation programs and
enterprise innovation. He has a particular
passion for helping energy leaders
unlock and maximize the potential of
their workforces. Aleek also leads
Accenture’s Energy Industry Assets and
Insights team, which is responsible for
producing market-leading thought
leadership. Aleek earned an MBA from
Carnegie Mellon University and lives in
London.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
3
To address the structural shifts, challenges and
disruptions roiling the energy industry, companies
have no choice but to reinvent. This means
reconsidering what they stand for. What they invest
in. How they compete. And how they measure and
deliver value to customers, investors and
employees.
We believe five areas—Competitiveness, Carbon,
Connectivity, Customer and Culture—underpin
reinvention in the energy industry. These 5C areas
also provide a useful framework for transformation.
Addressing them holistically is the only way energy
companies can achieve a step change in
reinvention across the entirety of their value chains.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
“5C”actions underpin a step change in reinvention
4
01
Competitiveness
Shape a resilient
portfolio and
operating model,
including ways of
working, that achieve
incremental returns
through cycles
Achieve carbon
neutrality by
transforming/shifting
investments,
operations and
products
Enable an intelligent
and secure
enterprise with end-
to-end connectivity,
optimization and
autonomous
capabilities
Deliver superior
(B2B and B2C)
customer
experiences
through design,
services and
formats/channels
Build a distinct
purpose-led culture
and employee
experiences with an
emphasis on
innovation and agility
02
Carbon
03
Connectivity
04
Customer
05
Culture
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
5
In 2022, Accenture carried out its 2nd annual Oil and Gas Reinvention Index
research. We surveyed executives from 201 oil and gas companies around the
world to understand the actions they are taking to meet the challenges of the
energy transition, their progress toward reinvention and the outcomes they
expect to achieve.
For each company, we determined a Reinvention Index (RI) Score, composed of
equally weighted scores from each of the 5Cs of reinvention. Based on this
assessment, we were able to identify leaders (the 10% of companies leading the
race to reinvention), as well as the laggards (the 25% that are not yet taking
integrated actions).
This report highlights the distinctions between the leaders and laggards we
observed in 2022 and identifies the strategies and actions more likely to create a
profitable, secure and sustainable future.
Here’s what we found.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
6
Leaders
The top 10% of companies—with an average Reinvention Index (RI)
score of 63—are leaders in the reinvention race. They are taking
decisive, holistic actions to bolster multiple capabilities across the
value chain.
21
Followers
Most companies fell in the middle of the pack. They
are taking some steps to fundamentally change their
business or operating model but falling short of true
reinvention.
131
Laggards
The bottom 25% of companies can be considered “laggards.” With an
average RI score of 50, these companies are not yet taking integrated
actions or making investments to build a balanced, profitable and
sustainable future.
49
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
The reinvention priorities have
generally remained the same
The rankings of 5C priorities are fairly consistent among leaders
and laggards—and quite similar to rankings from 2021.
Competitiveness and carbon are the top priorities, with less
attention paid to connectivity, customer or culture. We believe this
poses an obstacle to achieving reinvention. Because each of the
5Cs is a critical component of reinvention, they should be
prioritized equally.
There are, however, some encouraging signs that leaders (and
laggards, to a lesser extent) are recognizing that success amid
long-term market disruptions will depend on a holistic and realistic
approach to portfolio allocations, growth, digital innovation,
organizational change and environmental, social and governance
(ESG) performance.
7
In 2022, leaders and laggards have similar priorities
Area in which organization is focusing its reinvention (weighted average)
Leaders Laggards
Last priority
Top priority
Competitiveness Carbon Connectivity Customer Culture
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Energy security is now top-of-
mind, along with sustainability
Given the events of the past year—notably, the war in Ukraine and
subsequent threats to energy supplies in Europe—energy security
is considered more important than energy sustainability by both
leaders and laggards.
But companies across the spectrum are increasing their focus on
both security and sustainability. Leaders are taking a more
balanced approach. Laggards are focused more strongly on
energy security, despite citing carbon as the main driver of their
reinvention strategies.
8
Energy sustainability
58%
12%
13%
75%
21%
Energy security
22%
Decreased focus
Increased focus
No change
Change in focus on sustainability versus security
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
The appetite for radical
reinvention is waning
One of the most surprising findings in our 2022
research shows that only half as many
companies are pursuing radical reinvention
compared to just a year ago.
9
The pace of radical reinvention has declined
Fundamental
changes
Some changes
Significant
changes
Radical
reinvention
21%
43%
11%
45%
25%
38%
9% 8%
2022
2021
Extent of plans to reinvent company toward 2025 given macroeconomic shifts
and energy transition
(Percentage of total respondents)
We believe the slowdown in reinvention plans is
likely related to the uncertainty in global
commodity prices and the newly recognized
threat to energy security in parts of the world that
have traditionally enjoyed energy access and
affordability. These conditions, together with local
factors such as extreme weather, have tempered
companies’ boldest plans for reinvention.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
That’s not necessarily a bad thing. While
energy companies may be responding to
macro-economic shifts and energy
transition pressures in the near term with
less intensity than they did last year, the
leaders especially are demonstrating a more
holistic approach to reinvention. Rather than
taking radical actions in one or two areas,
they are taking more measured steps across
all the 5C areas.
10
Nearly half of the companies we surveyed are planning to institute fundamental
changes. And more than a third are planning to reinvent with what they consider
to be “significant” changes, up from just a quarter last year.
This is supported by the fact that nearly half
of the companies we surveyed are planning
to institute fundamental changes. And more
than a third are planning to reinvent with
what they consider to be “significant”
changes, up from just a quarter last year.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Expectations for returns are
more achievable
11
One of the most interesting findings in last year’s survey was the extraordinary optimism
leaders felt about their reinvention strategies. They believed their actions would drive
margin improvements of at least 7%, revenue growth of at least 11%, and ESG improvements
of 27%. Laggards were much more modest in their expectations.
This year, all energy companies
are rethinking the benefits of
reinvention. We believe they are
settling on more achievable
expectations, borne of
pragmatic and holistic actions
5%
2%
0%
2%
4%
6%
8%
11%
5%
0%
2%
4%
6%
8%
10%
12%
5%
3%
0%
2%
4%
6%
8%
Minimum margin growth expected by respondents Minimum revenue growth expected by respondents Minimum ESG improvement expected by respondents
Leaders Laggards Leaders Laggards Leaders Laggards
2022
1.5X
Average expected
margin growth
2.8X
Average expected
revenue growth
2.4X
Average expected
ESG improvement
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
While their expectations for returns may be lower, energy companies are now benefitting from higher
commodity prices and industry profitability over the past year. These factors are setting a higher baseline
for returns. So even though energy companies are setting more modest expectations for measurable
outcomes, the potential industry value that can be unlocked is enormous.
12
If all industry players were to achieve
leaders-level ambitions, the industry
value that could be generated may near
$700 billion per year.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
So, what are the leaders doing differently this year in each
of the 5C areas to further their reinventions and create a
profitable, secure and sustainable future?
13
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
14
1
Focus on total enterprise reinvention.
Leaders are investing in programs that will strengthen the
core business and enable them to navigate market
uncertainties. From radically lowering costs to creating
balanced portfolios, leaders are deploying new strategies
and ways of working across the value chain.
2
Place balanced bets.
Oil and gas are (and will remain) critical components of the
energy system. Leaders are balancing investments in
hydrocarbons, while continuing to grow a low-carbon and
decarbonized portfolio.
3
Set reasonable expectations for performance and returns.
As portfolios shift and market volatility continues, leaders are
embracing the art of the possible—and strengthening their
capabilities and financial discipline to capture value across
their enterprise when markets are on the rise.
Leaders’ actions to strengthen competitiveness:
Divesting HC assets
(upstream and/or
downstream)
Percentage of respondents that are changing their portfolio toward
hydrocarbons in the next five years
43%
10%
Investing in gas/LNG Investing in oil-
producing assets
Investing in
petrochemicals/
feedstock
24%
18%
10%
4%
1%
2%
Leaders
Laggards
Overall
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
1. Anticipate, don’t react. Leaders set ambitions targets, monitor and
report on their emissions. They also take a balanced, holistic approach
to investing in clean energy and decarbonization technologies.
2. Match investments to ambitions. Achieving net-zero targets by 2050
will require significant investments from the industry. Leaders are
investing more than laggards in the development and deployment of
decarbonization technologies like CCUS, biofuels and green hydrogen.
But even they will need to dramatically increase their commitments.
3. Integrate solutions to accelerate results. Leaders know that no single
low-carbon solution or decarbonization technology will result in a
cleaner energy mix. They are focused on bringing multiple solutions
together to amplify and accelerate their impact.
15
Leaders’ actions to position carbon
as a strategic differentiator: Percentage of respondents that agree/strongly agree
they undertake the following actions
Leaders Laggards Overall
92%
Have set net-zero targets
Monitor carbon emissions
Investing in reducing emissions
89%
30%
Investing in carbon offsets
Report carbon emissions
74%
80%
69%
80%
40%
76%
34%
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Embrace an end-to-end mindset. Effectively connecting and optimizing operations
requires bringing various technologies together. Point solutions or a singular focus on,
say, cloud will fail to generate the potential value of digital investments. Leaders are likely
to leverage technologies across the digital landscape—from 5G to edge computing to
AI—all while strengthening their data management and cybersecurity infrastructures.
Don’t ignore frontier technologies. Virtual, augmented and extended reality, as well as
the metaverse will drive the future evolution of connected operations. Energy companies
that invest in these frontier technologies today will be well placed to take the lead in
designing and developing infrastructures, optimizing workflows, and piloting new
services or formats with customers or ecosystem partners.
Focus on more than technology. Digital technologies are a critical element of
connectivity. But so is talent. Leaders will prioritize investments in the right
technologies—and in the skillsets needed to unlock those technologies’ full potential.
16
Leaders’ actions to strengthen connectivity:
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Commit to customer-centricity. Energy
demand is evolving among business and
individual customers. Leaders are better
able to anticipate changes and engage with
new customers in new ways and re-engage
existing customers with new offerings and
modes of interaction.
17
Leaders’ actions to strengthen customer experiences:
Use digital to its full advantage. Leaders
know that digital tools are key to engaging
with customers—and digital expertise is
necessary to bring together the data and
analytics that can lead to better decisions
about products and services, retail formats
and demand drivers.
Focus on customer satisfaction. Leaders
are keenly focused on customer
satisfaction. Other companies should follow
their lead. By satisfying customers today,
energy companies can build loyalty that will
withstand future changes in demand and
market downturns.
Customer satisfaction Sales volumes
40%
Revenue
95%
30%
25%
19%
3%
Margin
8%
20%
Percentage of respondents expecting >10% improvement over the next three years in
Leaders Laggards Overall
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Make culture change a CEO imperative. An exemplary culture needs
to be shaped, enabled and modeled from the very top of the
organization—and aligned to business needs.
Focus on innovation and collaboration. Reinventing companies,
establishing new low-carbon business, optimizing the use of digital
technologies and data, and strengthening customer engagement all
require new skills and capabilities that aren’t easy to find. Building
those capabilities internally with collaboration and open innovation
can help close some of the gaps.
Walk the talk when it comes to DE&I. Diversity, equity and inclusion
are now fundamental components of the employee experience and
critical to attracting and retaining talent. Companies need to
incorporate DE&I throughout the organization, set ambitious targets,
measure progress, and drive initiatives from the highest levels of the
organization.
18
Leaders’ actions to strengthen culture:
Leaders have a more balanced approach to aligning
culture with business needs
Percentage of respondents that agree/strongly agree they have capabilities
to align culture to business needs
Leaders Laggards
94%
51%
Nourishing innovation
and entrepeneuership
Nourishing collaboration
between functions
and operations
12%
Improving the employee
experience resulting
in trust and
commitment
92%
74%
41%
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Radical reinvention revisited
19
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
20
We believe that radical transformation, typically
limited to one or two areas within an organization,
must evolve to a more balanced transformation
across all 5C areas. Each area is a critical pillar of
reinvention and should be prioritized equally.
This is not yet happening. However, this year's analysis suggests that
companies are beginning to rethink reinvention and embrace a
more holistic approach that addresses the enterprise in its entirety.
Here’s what we think energy companies
should do next.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Recommended actions for reinvention
Be radical (but also holistic).
Radical reinventions are bold. They are dynamic. And they lay the groundwork for exceptional potential returns within a defined area of
transformation. Holistic reinventions, on the other hand, move the organization in lockstep to a resilient, agile, innovative and profitable
future. A reinvention plan that is as broad as it is ambitious will set the next generation of industry leaders apart.
21
Balance the reinvention priorities.
Energy companies are still prioritizing competitiveness and carbon as the pillars of their transformation programs. This
is understandable. However, it may be shortsighted. We continue to believe that the most successful reinvention programs will
balance their attention and investments across competitiveness, carbon, connectivity, customer and culture. The sooner that
balance is achieved, the sooner energy companies will reap the benefits of total enterprise reinvention.
Practically allocate investments—and day-to-day attention.
In addition to balancing the 5C imperatives, energy companies should balance their actions and investments within each area.
This year’s leaders exhibited that sort of evenhanded approach in the development of their low-carbon business assets, their
efforts to manage emissions, their adoption of digital technologies and even their customer interactions. In other words,
among leaders, a practical and measured approach to reinvention is becoming more evident in the day-to-day initiatives
aimed at boosting performance in any (and all) of the 5C areas. Other companies should consider following their lead.
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
Beareinventionleader
22
Copyright © 2022 Accenture. All rights reserved.
Oil and Gas Reinvention Index 2022
About the research
In early 2021, Accenture conducted its inaugural Oil
and Gas Reinvention Index research to understand
the actions companies are taking to meet the
challenges of the energy transition, their progress
toward reinvention and the outcomes they expect
to achieve. This initiative, comprising surveys and
case study research, was updated in 2022 to track
the industry’s reinvention progress over time.
Survey
The 2022 edition of Accenture Reinvention Index
research included a survey of 201 c-suite executives
from 201 companies. The survey collected data on:
• Perceived need for reinvention and drivers of
change
• Current state of reinvention across the 5Cs:
Competitiveness, Carbon, Connectivity,
Customer and Culture
• Future reinvention actions planned and
anticipated future state
• Expected value to be captured from reinvention
Approach
We aggregated the responses from each
participant to arrive at a score for each company".
Next, we defined and grouped companies into
Reinvention leaders and laggards (i.e., those ahead
in terms of their reinvention progress and those
who are not changing or are changing slowly).
Definitions
We created a Reinvention Index (RI) Score,
composed of equally weighted scores from each of
the 5Cs of reinvention with a maximum score of
100. The top 10% of the companies on this score
are leaders and the bottom 25% are laggards (last
year’s edition considered top 10% and bottom 25%).
Calculations
We compared expected financial benefits of
pursuing the 5Cs—measured by minimum
expected improvement—and calculated the
difference in performance between leaders and
laggards.
Responsible research methods
Our research, and that of our partners in our
ecosystem, employs ethical and responsible
research methods. Respondents were
anonymous and we commit to not using the data
collected to personally identify the respondents
and/or contact them.
Copyright © 2022 Accenture. All rights reserved. 23
Oil and Gas Reinvention Index 2022
Survey demographics
Responsible research methods
Our research, and that of our partners in our ecosystem,
employs ethical and responsible research methods.
Respondents were anonymous and we commit to not
using the data collected to personally identify the
respondents and/or contact them.
5%
15%
50%
30%
$100m-$499m
$500m-$999m
$1b-$10b
>$10b
20%
6%
20%
20%
7%
6%
20%
Chief Financial Officer
Chief Innovation Officer
Chief Marketing Officer
Chief Strategy Officer
CIO/CTO/CDO
Chief Mobility Officer
Chief Operating Officer
CXO Title*
Integrated Oil
Company (IOC)
Independent
National Oil
Company (NOC)
Oilfield and
Equipment
Services (OFES)
80
81
20
20
40%
40%
10%
10%
4 company types N= % 8 Regions
Australia/New Zealand
Canada
China
Europe
India
Latin America
Middle East
USA
N= %
2
32
6
70
13
10
20
48
1%
16%
3%
35%
6%
5%
10%
24%
Revenue
N=201
* Includes direct reports
Copyright © 2022 Accenture. All rights reserved. 24
Oil and Gas Reinvention Index 2022
Oil and Gas Reinvention Index 2022
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud
and security. Combining unmatched experience and specialized skills across more than 40
industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—
all powered by the world’s largest network of Advanced Technology and Intelligent
Operations centers. Our 699,000 people deliver on the promise of technology and human
ingenuity every day, serving clients in more than 120 countries. We embrace the power of
change to create value and shared success for our clients, people, shareholders, partners and
communities. Visit us at www.accenture.com.
About Accenture Research
Accenture Research shapes trends and creates data-driven insights about the most pressing
issues global organizations face. Combining the power of innovative research techniques with a
deep understanding of our clients’ industries, our team of 300 researchers and analysts spans
20 countries and publishes hundreds of reports, articles and points of view every year. Our
thought-provoking research—supported by proprietary data and partnerships with leading
organizations, such as MIT and Harvard—guides our innovations and allows us to transform
theories and fresh ideas into real-world solutions for our clients. For more information, visit
www.accenture.com/research.
This content is provided for general information purposes and is not intended to be used in
place of consultation with our professional advisors.
Copyright © 2022 Accenture. All rights reserved.
Accenture and its logo are trademarks of Accenture.

More Related Content

What's hot

Research and Development Solutions | Accenture
Research and Development Solutions | AccentureResearch and Development Solutions | Accenture
Research and Development Solutions | Accenture
accenture
 
New Value in Sustainability
New Value in SustainabilityNew Value in Sustainability
New Value in Sustainability
accenture
 
Rethinking Accenture's network
Rethinking Accenture's networkRethinking Accenture's network
Rethinking Accenture's network
accenture
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
accenture
 
The Industrialist: Trends & Innovations - July 2022
The Industrialist: Trends & Innovations - July 2022The Industrialist: Trends & Innovations - July 2022
The Industrialist: Trends & Innovations - July 2022
accenture
 
Technology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | AccentureTechnology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | Accenture
accenture
 
Growth-Driving Enterprise Innovation Model | Accenture
Growth-Driving Enterprise Innovation Model | AccentureGrowth-Driving Enterprise Innovation Model | Accenture
Growth-Driving Enterprise Innovation Model | Accenture
accenture
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
accenture
 
New Science: Pharma's new growth machine
New Science: Pharma's new growth machineNew Science: Pharma's new growth machine
New Science: Pharma's new growth machine
accenture
 
New ways to apply infrastructure data for better business outcomes
New ways to apply infrastructure data for better business outcomesNew ways to apply infrastructure data for better business outcomes
New ways to apply infrastructure data for better business outcomes
accenture
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainment
accenture
 
CSPs' Critical Role in the Race to Net Zero Emissions
CSPs' Critical Role in the Race to Net Zero EmissionsCSPs' Critical Role in the Race to Net Zero Emissions
CSPs' Critical Role in the Race to Net Zero Emissions
accenture
 
Digitizing Business Services
Digitizing Business ServicesDigitizing Business Services
Digitizing Business Services
accenture
 
Accenture Intelligent Enterprise Services Survey
Accenture Intelligent Enterprise Services SurveyAccenture Intelligent Enterprise Services Survey
Accenture Intelligent Enterprise Services Survey
accenture
 
Accenture Tech Vision 2020 - Trend 2
Accenture Tech Vision 2020 - Trend 2Accenture Tech Vision 2020 - Trend 2
Accenture Tech Vision 2020 - Trend 2
accenture
 
Biopharma's search for sustainable growth
Biopharma's search for sustainable growthBiopharma's search for sustainable growth
Biopharma's search for sustainable growth
accenture
 
Get the most from your cloud journey
Get the most from your cloud journeyGet the most from your cloud journey
Get the most from your cloud journey
accenture
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
accenture
 
The Industrialist: Trends & Innovations - November 2022
The Industrialist: Trends & Innovations - November 2022The Industrialist: Trends & Innovations - November 2022
The Industrialist: Trends & Innovations - November 2022
accenture
 
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
accenture
 

What's hot (20)

Research and Development Solutions | Accenture
Research and Development Solutions | AccentureResearch and Development Solutions | Accenture
Research and Development Solutions | Accenture
 
New Value in Sustainability
New Value in SustainabilityNew Value in Sustainability
New Value in Sustainability
 
Rethinking Accenture's network
Rethinking Accenture's networkRethinking Accenture's network
Rethinking Accenture's network
 
Pathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications IndustryPathways to Profitability for the Communications Industry
Pathways to Profitability for the Communications Industry
 
The Industrialist: Trends & Innovations - July 2022
The Industrialist: Trends & Innovations - July 2022The Industrialist: Trends & Innovations - July 2022
The Industrialist: Trends & Innovations - July 2022
 
Technology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | AccentureTechnology Trends 2021 | Tech Vision | Accenture
Technology Trends 2021 | Tech Vision | Accenture
 
Growth-Driving Enterprise Innovation Model | Accenture
Growth-Driving Enterprise Innovation Model | AccentureGrowth-Driving Enterprise Innovation Model | Accenture
Growth-Driving Enterprise Innovation Model | Accenture
 
Reinventing Enterprise Operations
Reinventing Enterprise OperationsReinventing Enterprise Operations
Reinventing Enterprise Operations
 
New Science: Pharma's new growth machine
New Science: Pharma's new growth machineNew Science: Pharma's new growth machine
New Science: Pharma's new growth machine
 
New ways to apply infrastructure data for better business outcomes
New ways to apply infrastructure data for better business outcomesNew ways to apply infrastructure data for better business outcomes
New ways to apply infrastructure data for better business outcomes
 
Media-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and EntertainmentMedia-Morphosis Transforming Media and Entertainment
Media-Morphosis Transforming Media and Entertainment
 
CSPs' Critical Role in the Race to Net Zero Emissions
CSPs' Critical Role in the Race to Net Zero EmissionsCSPs' Critical Role in the Race to Net Zero Emissions
CSPs' Critical Role in the Race to Net Zero Emissions
 
Digitizing Business Services
Digitizing Business ServicesDigitizing Business Services
Digitizing Business Services
 
Accenture Intelligent Enterprise Services Survey
Accenture Intelligent Enterprise Services SurveyAccenture Intelligent Enterprise Services Survey
Accenture Intelligent Enterprise Services Survey
 
Accenture Tech Vision 2020 - Trend 2
Accenture Tech Vision 2020 - Trend 2Accenture Tech Vision 2020 - Trend 2
Accenture Tech Vision 2020 - Trend 2
 
Biopharma's search for sustainable growth
Biopharma's search for sustainable growthBiopharma's search for sustainable growth
Biopharma's search for sustainable growth
 
Get the most from your cloud journey
Get the most from your cloud journeyGet the most from your cloud journey
Get the most from your cloud journey
 
More deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journeyMore deals, less money: the Black founder funding journey
More deals, less money: the Black founder funding journey
 
The Industrialist: Trends & Innovations - November 2022
The Industrialist: Trends & Innovations - November 2022The Industrialist: Trends & Innovations - November 2022
The Industrialist: Trends & Innovations - November 2022
 
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
Human Services as a Platform: Three Keys to Success in Platform Driven Digita...
 

Similar to The Reinvention Reset | Accenture

Necessity Is the Mother Of (Re)Invention
Necessity Is the Mother Of (Re)InventionNecessity Is the Mother Of (Re)Invention
Necessity Is the Mother Of (Re)Invention
accenture
 
Efficient sustainability ebook
Efficient sustainability ebookEfficient sustainability ebook
Efficient sustainability ebook
Jackson Seng
 
Sustainability Reporting Guidance for the Oil and Gas Industry
Sustainability Reporting Guidance for the Oil and Gas IndustrySustainability Reporting Guidance for the Oil and Gas Industry
Sustainability Reporting Guidance for the Oil and Gas Industry
Sustainability Knowledge Group
 
Resetting Destination for Energy Decarbonization | Accenture
Resetting Destination for Energy Decarbonization | AccentureResetting Destination for Energy Decarbonization | Accenture
Resetting Destination for Energy Decarbonization | Accenture
accenture
 
Climateworks Study on Energy Use & Engagement with Investors
Climateworks Study on Energy Use & Engagement with InvestorsClimateworks Study on Energy Use & Engagement with Investors
Climateworks Study on Energy Use & Engagement with Investors
Turlough Guerin GAICD FGIA
 
McKinsey Global Energy Perspective 2022 Executive Summary
McKinsey Global Energy Perspective 2022 Executive SummaryMcKinsey Global Energy Perspective 2022 Executive Summary
McKinsey Global Energy Perspective 2022 Executive Summary
Energy for One World
 
Caterpillar TCFD Report to suppport sustainability
Caterpillar TCFD Report to suppport sustainabilityCaterpillar TCFD Report to suppport sustainability
Caterpillar TCFD Report to suppport sustainability
radenferdi1
 
CDP Supply-Chain-report-2015
CDP Supply-Chain-report-2015CDP Supply-Chain-report-2015
CDP Supply-Chain-report-2015
Siddhant Mishra
 
ESG 101
ESG 101ESG 101
ESG 101
Jaison John
 
Five Strategic Priorities: Generation and Transmission Cooperatives
Five Strategic Priorities: Generation and Transmission CooperativesFive Strategic Priorities: Generation and Transmission Cooperatives
Five Strategic Priorities: Generation and Transmission Cooperatives
ScottMadden, Inc.
 
Sustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standardsSustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standards
Jackson Seng
 
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsEnergy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Leon Pulman
 
Enterprise Sustainability Investments in Technology
Enterprise Sustainability Investments in TechnologyEnterprise Sustainability Investments in Technology
Enterprise Sustainability Investments in Technology
SG Analytics
 
Cdp supply-chain-report-2015
Cdp supply-chain-report-2015Cdp supply-chain-report-2015
Cdp supply-chain-report-2015
Sustainable Brands
 
Accelerating-Sustainable-Transformation-PDF.pdf
Accelerating-Sustainable-Transformation-PDF.pdfAccelerating-Sustainable-Transformation-PDF.pdf
Accelerating-Sustainable-Transformation-PDF.pdf
ChristineCheong4
 
Ativos Imobiliários Resilientes: Relatório GRESB 2020
Ativos Imobiliários Resilientes: Relatório GRESB 2020Ativos Imobiliários Resilientes: Relatório GRESB 2020
Ativos Imobiliários Resilientes: Relatório GRESB 2020
Green Building Council Brasil
 
Accelerating the Benefits of Food and Bev Sustainability Programs
Accelerating the Benefits of Food and Bev Sustainability ProgramsAccelerating the Benefits of Food and Bev Sustainability Programs
Accelerating the Benefits of Food and Bev Sustainability Programs
Schneider Electric
 
Blueprint Fossil Fuel Industry Transition From Carbon Tracker
Blueprint Fossil Fuel Industry Transition From Carbon TrackerBlueprint Fossil Fuel Industry Transition From Carbon Tracker
Blueprint Fossil Fuel Industry Transition From Carbon Tracker
Energy for One World
 
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdfHPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
gauravkumar4594
 
Global Cleantech Report 2012
Global Cleantech Report 2012Global Cleantech Report 2012
Global Cleantech Report 2012
andrepp1701uk
 

Similar to The Reinvention Reset | Accenture (20)

Necessity Is the Mother Of (Re)Invention
Necessity Is the Mother Of (Re)InventionNecessity Is the Mother Of (Re)Invention
Necessity Is the Mother Of (Re)Invention
 
Efficient sustainability ebook
Efficient sustainability ebookEfficient sustainability ebook
Efficient sustainability ebook
 
Sustainability Reporting Guidance for the Oil and Gas Industry
Sustainability Reporting Guidance for the Oil and Gas IndustrySustainability Reporting Guidance for the Oil and Gas Industry
Sustainability Reporting Guidance for the Oil and Gas Industry
 
Resetting Destination for Energy Decarbonization | Accenture
Resetting Destination for Energy Decarbonization | AccentureResetting Destination for Energy Decarbonization | Accenture
Resetting Destination for Energy Decarbonization | Accenture
 
Climateworks Study on Energy Use & Engagement with Investors
Climateworks Study on Energy Use & Engagement with InvestorsClimateworks Study on Energy Use & Engagement with Investors
Climateworks Study on Energy Use & Engagement with Investors
 
McKinsey Global Energy Perspective 2022 Executive Summary
McKinsey Global Energy Perspective 2022 Executive SummaryMcKinsey Global Energy Perspective 2022 Executive Summary
McKinsey Global Energy Perspective 2022 Executive Summary
 
Caterpillar TCFD Report to suppport sustainability
Caterpillar TCFD Report to suppport sustainabilityCaterpillar TCFD Report to suppport sustainability
Caterpillar TCFD Report to suppport sustainability
 
CDP Supply-Chain-report-2015
CDP Supply-Chain-report-2015CDP Supply-Chain-report-2015
CDP Supply-Chain-report-2015
 
ESG 101
ESG 101ESG 101
ESG 101
 
Five Strategic Priorities: Generation and Transmission Cooperatives
Five Strategic Priorities: Generation and Transmission CooperativesFive Strategic Priorities: Generation and Transmission Cooperatives
Five Strategic Priorities: Generation and Transmission Cooperatives
 
Sustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standardsSustainability goal setting guide to 7 top third party standards
Sustainability goal setting guide to 7 top third party standards
 
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party StandardsEnergy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
Energy & Sustainability Goal-Setting: A Guide To 7 Top Third Party Standards
 
Enterprise Sustainability Investments in Technology
Enterprise Sustainability Investments in TechnologyEnterprise Sustainability Investments in Technology
Enterprise Sustainability Investments in Technology
 
Cdp supply-chain-report-2015
Cdp supply-chain-report-2015Cdp supply-chain-report-2015
Cdp supply-chain-report-2015
 
Accelerating-Sustainable-Transformation-PDF.pdf
Accelerating-Sustainable-Transformation-PDF.pdfAccelerating-Sustainable-Transformation-PDF.pdf
Accelerating-Sustainable-Transformation-PDF.pdf
 
Ativos Imobiliários Resilientes: Relatório GRESB 2020
Ativos Imobiliários Resilientes: Relatório GRESB 2020Ativos Imobiliários Resilientes: Relatório GRESB 2020
Ativos Imobiliários Resilientes: Relatório GRESB 2020
 
Accelerating the Benefits of Food and Bev Sustainability Programs
Accelerating the Benefits of Food and Bev Sustainability ProgramsAccelerating the Benefits of Food and Bev Sustainability Programs
Accelerating the Benefits of Food and Bev Sustainability Programs
 
Blueprint Fossil Fuel Industry Transition From Carbon Tracker
Blueprint Fossil Fuel Industry Transition From Carbon TrackerBlueprint Fossil Fuel Industry Transition From Carbon Tracker
Blueprint Fossil Fuel Industry Transition From Carbon Tracker
 
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdfHPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
HPCL_SR_2020-21_forvwhjwj jsjsjsnb_web.pdf
 
Global Cleantech Report 2012
Global Cleantech Report 2012Global Cleantech Report 2012
Global Cleantech Report 2012
 

More from accenture

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024
accenture
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
accenture
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
accenture
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
accenture
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
accenture
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
accenture
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
accenture
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
accenture
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
accenture
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% me
accenture
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
accenture
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
accenture
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
accenture
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
accenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
accenture
 
Sustainable Value Chain
Sustainable Value ChainSustainable Value Chain
Sustainable Value Chain
accenture
 
Chemical Companies in the Metaverse
Chemical Companies in the MetaverseChemical Companies in the Metaverse
Chemical Companies in the Metaverse
accenture
 
Sustainable Value Chain
Sustainable Value ChainSustainable Value Chain
Sustainable Value Chain
accenture
 
Health Experience: The difference between loyalty & leaving
Health Experience: The difference between loyalty & leavingHealth Experience: The difference between loyalty & leaving
Health Experience: The difference between loyalty & leaving
accenture
 

More from accenture (20)

The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024The Industrialist: Trends & Innovations - January 2024
The Industrialist: Trends & Innovations - January 2024
 
The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023The Industrialist: Trends & Innovations - September 2023
The Industrialist: Trends & Innovations - September 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023The Industrialist: Trends & Innovations - July 2023
The Industrialist: Trends & Innovations - July 2023
 
Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education Accenture Technology Vision - How the trends apply to higher education
Accenture Technology Vision - How the trends apply to higher education
 
Engineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibileEngineering Services: con gli ingegneri per creare valore sostenibile
Engineering Services: con gli ingegneri per creare valore sostenibile
 
Digital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial SystemDigital Euro: Implications for the Financial System
Digital Euro: Implications for the Financial System
 
The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023The Industrialist: Trends & Innovations - June 2023
The Industrialist: Trends & Innovations - June 2023
 
Semiconductor Gender Parity Study
Semiconductor Gender Parity StudySemiconductor Gender Parity Study
Semiconductor Gender Parity Study
 
The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023The Industrialist: Trends & Innovations - March 2023
The Industrialist: Trends & Innovations - March 2023
 
Free to be 100% me
Free to be 100% meFree to be 100% me
Free to be 100% me
 
The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023The Industrialist: Trends & Innovations - February 2023
The Industrialist: Trends & Innovations - February 2023
 
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimentoMundo gamer e a oportunidade de entrada pela abordagem do movimento
Mundo gamer e a oportunidade de entrada pela abordagem do movimento
 
The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023The Industrialist: Trends & Innovations - January 2023
The Industrialist: Trends & Innovations - January 2023
 
Reimagining the Agenda | Accenture
Reimagining the Agenda | AccentureReimagining the Agenda | Accenture
Reimagining the Agenda | Accenture
 
Climate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | AccentureClimate Leadership Eleventh Hour | Accenture
Climate Leadership Eleventh Hour | Accenture
 
Sustainable Value Chain
Sustainable Value ChainSustainable Value Chain
Sustainable Value Chain
 
Chemical Companies in the Metaverse
Chemical Companies in the MetaverseChemical Companies in the Metaverse
Chemical Companies in the Metaverse
 
Sustainable Value Chain
Sustainable Value ChainSustainable Value Chain
Sustainable Value Chain
 
Health Experience: The difference between loyalty & leaving
Health Experience: The difference between loyalty & leavingHealth Experience: The difference between loyalty & leaving
Health Experience: The difference between loyalty & leaving
 

Recently uploaded

Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
shanihomely
 
Semantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software DevelopmentSemantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software Development
Baishakhi Ray
 
BLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
BLOCKCHAIN TECHNOLOGY - Advantages and DisadvantagesBLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
BLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
SAI KAILASH R
 
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
alexjohnson7307
 
WhatsApp Spy Online Trackers and Monitoring Apps
WhatsApp Spy Online Trackers and Monitoring AppsWhatsApp Spy Online Trackers and Monitoring Apps
WhatsApp Spy Online Trackers and Monitoring Apps
HackersList
 
Feature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptxFeature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptx
ssuser1915fe1
 
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
Priyanka Aash
 
Integrating Kafka with MuleSoft 4 and usecase
Integrating Kafka with MuleSoft 4 and usecaseIntegrating Kafka with MuleSoft 4 and usecase
Integrating Kafka with MuleSoft 4 and usecase
shyamraj55
 
The importance of Quality Assurance for ICT Standardization
The importance of Quality Assurance for ICT StandardizationThe importance of Quality Assurance for ICT Standardization
The importance of Quality Assurance for ICT Standardization
Axel Rennoch
 
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
sunilverma7884
 
Data Integration Basics: Merging & Joining Data
Data Integration Basics: Merging & Joining DataData Integration Basics: Merging & Joining Data
Data Integration Basics: Merging & Joining Data
Safe Software
 
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite SolutionIPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Networks
 
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Muhammad Ali
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
Jimmy Lai
 
Introduction-to-the-IAM-Platform-Implementation-Plan.pptx
Introduction-to-the-IAM-Platform-Implementation-Plan.pptxIntroduction-to-the-IAM-Platform-Implementation-Plan.pptx
Introduction-to-the-IAM-Platform-Implementation-Plan.pptx
313mohammedarshad
 
Computer HARDWARE presenattion by CWD students class 10
Computer HARDWARE presenattion by CWD students class 10Computer HARDWARE presenattion by CWD students class 10
Computer HARDWARE presenattion by CWD students class 10
ankush9927
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
Zilliz
 
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
Priyanka Aash
 
July Patch Tuesday
July Patch TuesdayJuly Patch Tuesday
July Patch Tuesday
Ivanti
 
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-InTrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
TrustArc
 

Recently uploaded (20)

Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
Premium Girls Call Mumbai 9920725232 Unlimited Short Providing Girls Service ...
 
Semantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software DevelopmentSemantic-Aware Code Model: Elevating the Future of Software Development
Semantic-Aware Code Model: Elevating the Future of Software Development
 
BLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
BLOCKCHAIN TECHNOLOGY - Advantages and DisadvantagesBLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
BLOCKCHAIN TECHNOLOGY - Advantages and Disadvantages
 
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
leewayhertz.com-AI agents for healthcare Applications benefits and implementa...
 
WhatsApp Spy Online Trackers and Monitoring Apps
WhatsApp Spy Online Trackers and Monitoring AppsWhatsApp Spy Online Trackers and Monitoring Apps
WhatsApp Spy Online Trackers and Monitoring Apps
 
Feature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptxFeature sql server terbaru performance.pptx
Feature sql server terbaru performance.pptx
 
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
(CISOPlatform Summit & SACON 2024) Gen AI & Deepfake In Overall Security.pdf
 
Integrating Kafka with MuleSoft 4 and usecase
Integrating Kafka with MuleSoft 4 and usecaseIntegrating Kafka with MuleSoft 4 and usecase
Integrating Kafka with MuleSoft 4 and usecase
 
The importance of Quality Assurance for ICT Standardization
The importance of Quality Assurance for ICT StandardizationThe importance of Quality Assurance for ICT Standardization
The importance of Quality Assurance for ICT Standardization
 
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
Girls call Kolkata 👀 XXXXXXXXXXX 👀 Rs.9.5 K Cash Payment With Room Delivery
 
Data Integration Basics: Merging & Joining Data
Data Integration Basics: Merging & Joining DataData Integration Basics: Merging & Joining Data
Data Integration Basics: Merging & Joining Data
 
IPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite SolutionIPLOOK Remote-Sensing Satellite Solution
IPLOOK Remote-Sensing Satellite Solution
 
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
Litestack talk at Brighton 2024 (Unleashing the power of SQLite for Ruby apps)
 
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python CodebaseEuroPython 2024 - Streamlining Testing in a Large Python Codebase
EuroPython 2024 - Streamlining Testing in a Large Python Codebase
 
Introduction-to-the-IAM-Platform-Implementation-Plan.pptx
Introduction-to-the-IAM-Platform-Implementation-Plan.pptxIntroduction-to-the-IAM-Platform-Implementation-Plan.pptx
Introduction-to-the-IAM-Platform-Implementation-Plan.pptx
 
Computer HARDWARE presenattion by CWD students class 10
Computer HARDWARE presenattion by CWD students class 10Computer HARDWARE presenattion by CWD students class 10
Computer HARDWARE presenattion by CWD students class 10
 
Using LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and MilvusUsing LLM Agents with Llama 3, LangGraph and Milvus
Using LLM Agents with Llama 3, LangGraph and Milvus
 
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
(CISOPlatform Summit & SACON 2024) Cyber Insurance & Risk Quantification.pdf
 
July Patch Tuesday
July Patch TuesdayJuly Patch Tuesday
July Patch Tuesday
 
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-InTrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
TrustArc Webinar - 2024 Data Privacy Trends: A Mid-Year Check-In
 

The Reinvention Reset | Accenture

  • 1. Oil and Gas Reinvention Index 2022 The reinvention reset From bold plans to pragmatic actions Oil and Gas Reinvention Index 2022
  • 2. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Meet the authors 2 Copyright © 2022 Accenture. All rights reserved. Special thanks to the following contributors: Pedro Beltramino, Piera Pedemonte, Mohd Arif and Gargi Chakrabarty. Muqsit Ashraf Lead – Strategy Muqsit leads Accenture Strategy, a multibillion-dollar business unit across more than 40 industries in over 120 countries that helps clients tap new market opportunities and execute large- scale transformation initiatives. He is also a member of Accenture’s Global Management Committee. Prior to this role, Muqsit led Accenture’s Energy industry sector, helping companies reinvent to improve returns and become more sustainable. Muqsit attended Yale University and now lives in Houston. in Houston. Aleek Datta Managing Director Strategy & Consulting, Energy Diana Alcala Senior Manager Strategy & Consulting, Energy Diana works with oil and gas companies across the value chain in the US and Latin America, helping them optimize operations, develop their digital strategies and prepare their talent and organizations for industry shifts. More recently, she has been advising oil and gas leaders on how to reinvent their companies for the energy transition, including integrating new businesses into their portfolios. Diana earned an MBA from the MIT Sloan School of Management and lives in Houston. Lasse Kari Senior Principal Accenture Research, Energy Lasse has 15 years of market and business research expertise in economic value modeling and indexing, along with global executive and consumer surveys. Most recently, his work has focused on the reinvention of the oil and gas industry, cross-sector energy transition topics and overall industrial decarbonization. Lasse speaks regularly at major industry events and is based in Düsseldorf. For more than 15 years, Aleek has been advising oil and gas leaders across the energy value chain on business strategy, large-scale transformation programs and enterprise innovation. He has a particular passion for helping energy leaders unlock and maximize the potential of their workforces. Aleek also leads Accenture’s Energy Industry Assets and Insights team, which is responsible for producing market-leading thought leadership. Aleek earned an MBA from Carnegie Mellon University and lives in London.
  • 3. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 3 To address the structural shifts, challenges and disruptions roiling the energy industry, companies have no choice but to reinvent. This means reconsidering what they stand for. What they invest in. How they compete. And how they measure and deliver value to customers, investors and employees. We believe five areas—Competitiveness, Carbon, Connectivity, Customer and Culture—underpin reinvention in the energy industry. These 5C areas also provide a useful framework for transformation. Addressing them holistically is the only way energy companies can achieve a step change in reinvention across the entirety of their value chains. Copyright © 2022 Accenture. All rights reserved.
  • 4. Oil and Gas Reinvention Index 2022 “5C”actions underpin a step change in reinvention 4 01 Competitiveness Shape a resilient portfolio and operating model, including ways of working, that achieve incremental returns through cycles Achieve carbon neutrality by transforming/shifting investments, operations and products Enable an intelligent and secure enterprise with end- to-end connectivity, optimization and autonomous capabilities Deliver superior (B2B and B2C) customer experiences through design, services and formats/channels Build a distinct purpose-led culture and employee experiences with an emphasis on innovation and agility 02 Carbon 03 Connectivity 04 Customer 05 Culture Copyright © 2022 Accenture. All rights reserved.
  • 5. Oil and Gas Reinvention Index 2022 5 In 2022, Accenture carried out its 2nd annual Oil and Gas Reinvention Index research. We surveyed executives from 201 oil and gas companies around the world to understand the actions they are taking to meet the challenges of the energy transition, their progress toward reinvention and the outcomes they expect to achieve. For each company, we determined a Reinvention Index (RI) Score, composed of equally weighted scores from each of the 5Cs of reinvention. Based on this assessment, we were able to identify leaders (the 10% of companies leading the race to reinvention), as well as the laggards (the 25% that are not yet taking integrated actions). This report highlights the distinctions between the leaders and laggards we observed in 2022 and identifies the strategies and actions more likely to create a profitable, secure and sustainable future. Here’s what we found. Copyright © 2022 Accenture. All rights reserved.
  • 6. Oil and Gas Reinvention Index 2022 6 Leaders The top 10% of companies—with an average Reinvention Index (RI) score of 63—are leaders in the reinvention race. They are taking decisive, holistic actions to bolster multiple capabilities across the value chain. 21 Followers Most companies fell in the middle of the pack. They are taking some steps to fundamentally change their business or operating model but falling short of true reinvention. 131 Laggards The bottom 25% of companies can be considered “laggards.” With an average RI score of 50, these companies are not yet taking integrated actions or making investments to build a balanced, profitable and sustainable future. 49 Copyright © 2022 Accenture. All rights reserved.
  • 7. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 The reinvention priorities have generally remained the same The rankings of 5C priorities are fairly consistent among leaders and laggards—and quite similar to rankings from 2021. Competitiveness and carbon are the top priorities, with less attention paid to connectivity, customer or culture. We believe this poses an obstacle to achieving reinvention. Because each of the 5Cs is a critical component of reinvention, they should be prioritized equally. There are, however, some encouraging signs that leaders (and laggards, to a lesser extent) are recognizing that success amid long-term market disruptions will depend on a holistic and realistic approach to portfolio allocations, growth, digital innovation, organizational change and environmental, social and governance (ESG) performance. 7 In 2022, leaders and laggards have similar priorities Area in which organization is focusing its reinvention (weighted average) Leaders Laggards Last priority Top priority Competitiveness Carbon Connectivity Customer Culture Copyright © 2022 Accenture. All rights reserved.
  • 8. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Energy security is now top-of- mind, along with sustainability Given the events of the past year—notably, the war in Ukraine and subsequent threats to energy supplies in Europe—energy security is considered more important than energy sustainability by both leaders and laggards. But companies across the spectrum are increasing their focus on both security and sustainability. Leaders are taking a more balanced approach. Laggards are focused more strongly on energy security, despite citing carbon as the main driver of their reinvention strategies. 8 Energy sustainability 58% 12% 13% 75% 21% Energy security 22% Decreased focus Increased focus No change Change in focus on sustainability versus security Copyright © 2022 Accenture. All rights reserved.
  • 9. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 The appetite for radical reinvention is waning One of the most surprising findings in our 2022 research shows that only half as many companies are pursuing radical reinvention compared to just a year ago. 9 The pace of radical reinvention has declined Fundamental changes Some changes Significant changes Radical reinvention 21% 43% 11% 45% 25% 38% 9% 8% 2022 2021 Extent of plans to reinvent company toward 2025 given macroeconomic shifts and energy transition (Percentage of total respondents) We believe the slowdown in reinvention plans is likely related to the uncertainty in global commodity prices and the newly recognized threat to energy security in parts of the world that have traditionally enjoyed energy access and affordability. These conditions, together with local factors such as extreme weather, have tempered companies’ boldest plans for reinvention. Copyright © 2022 Accenture. All rights reserved.
  • 10. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 That’s not necessarily a bad thing. While energy companies may be responding to macro-economic shifts and energy transition pressures in the near term with less intensity than they did last year, the leaders especially are demonstrating a more holistic approach to reinvention. Rather than taking radical actions in one or two areas, they are taking more measured steps across all the 5C areas. 10 Nearly half of the companies we surveyed are planning to institute fundamental changes. And more than a third are planning to reinvent with what they consider to be “significant” changes, up from just a quarter last year. This is supported by the fact that nearly half of the companies we surveyed are planning to institute fundamental changes. And more than a third are planning to reinvent with what they consider to be “significant” changes, up from just a quarter last year. Copyright © 2022 Accenture. All rights reserved.
  • 11. Oil and Gas Reinvention Index 2022 Expectations for returns are more achievable 11 One of the most interesting findings in last year’s survey was the extraordinary optimism leaders felt about their reinvention strategies. They believed their actions would drive margin improvements of at least 7%, revenue growth of at least 11%, and ESG improvements of 27%. Laggards were much more modest in their expectations. This year, all energy companies are rethinking the benefits of reinvention. We believe they are settling on more achievable expectations, borne of pragmatic and holistic actions 5% 2% 0% 2% 4% 6% 8% 11% 5% 0% 2% 4% 6% 8% 10% 12% 5% 3% 0% 2% 4% 6% 8% Minimum margin growth expected by respondents Minimum revenue growth expected by respondents Minimum ESG improvement expected by respondents Leaders Laggards Leaders Laggards Leaders Laggards 2022 1.5X Average expected margin growth 2.8X Average expected revenue growth 2.4X Average expected ESG improvement Copyright © 2022 Accenture. All rights reserved.
  • 12. Oil and Gas Reinvention Index 2022 While their expectations for returns may be lower, energy companies are now benefitting from higher commodity prices and industry profitability over the past year. These factors are setting a higher baseline for returns. So even though energy companies are setting more modest expectations for measurable outcomes, the potential industry value that can be unlocked is enormous. 12 If all industry players were to achieve leaders-level ambitions, the industry value that could be generated may near $700 billion per year. Copyright © 2022 Accenture. All rights reserved.
  • 13. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 So, what are the leaders doing differently this year in each of the 5C areas to further their reinventions and create a profitable, secure and sustainable future? 13 Copyright © 2022 Accenture. All rights reserved. Oil and Gas Reinvention Index 2022
  • 14. Oil and Gas Reinvention Index 2022 14 1 Focus on total enterprise reinvention. Leaders are investing in programs that will strengthen the core business and enable them to navigate market uncertainties. From radically lowering costs to creating balanced portfolios, leaders are deploying new strategies and ways of working across the value chain. 2 Place balanced bets. Oil and gas are (and will remain) critical components of the energy system. Leaders are balancing investments in hydrocarbons, while continuing to grow a low-carbon and decarbonized portfolio. 3 Set reasonable expectations for performance and returns. As portfolios shift and market volatility continues, leaders are embracing the art of the possible—and strengthening their capabilities and financial discipline to capture value across their enterprise when markets are on the rise. Leaders’ actions to strengthen competitiveness: Divesting HC assets (upstream and/or downstream) Percentage of respondents that are changing their portfolio toward hydrocarbons in the next five years 43% 10% Investing in gas/LNG Investing in oil- producing assets Investing in petrochemicals/ feedstock 24% 18% 10% 4% 1% 2% Leaders Laggards Overall Copyright © 2022 Accenture. All rights reserved.
  • 15. Oil and Gas Reinvention Index 2022 1. Anticipate, don’t react. Leaders set ambitions targets, monitor and report on their emissions. They also take a balanced, holistic approach to investing in clean energy and decarbonization technologies. 2. Match investments to ambitions. Achieving net-zero targets by 2050 will require significant investments from the industry. Leaders are investing more than laggards in the development and deployment of decarbonization technologies like CCUS, biofuels and green hydrogen. But even they will need to dramatically increase their commitments. 3. Integrate solutions to accelerate results. Leaders know that no single low-carbon solution or decarbonization technology will result in a cleaner energy mix. They are focused on bringing multiple solutions together to amplify and accelerate their impact. 15 Leaders’ actions to position carbon as a strategic differentiator: Percentage of respondents that agree/strongly agree they undertake the following actions Leaders Laggards Overall 92% Have set net-zero targets Monitor carbon emissions Investing in reducing emissions 89% 30% Investing in carbon offsets Report carbon emissions 74% 80% 69% 80% 40% 76% 34% Copyright © 2022 Accenture. All rights reserved.
  • 16. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Embrace an end-to-end mindset. Effectively connecting and optimizing operations requires bringing various technologies together. Point solutions or a singular focus on, say, cloud will fail to generate the potential value of digital investments. Leaders are likely to leverage technologies across the digital landscape—from 5G to edge computing to AI—all while strengthening their data management and cybersecurity infrastructures. Don’t ignore frontier technologies. Virtual, augmented and extended reality, as well as the metaverse will drive the future evolution of connected operations. Energy companies that invest in these frontier technologies today will be well placed to take the lead in designing and developing infrastructures, optimizing workflows, and piloting new services or formats with customers or ecosystem partners. Focus on more than technology. Digital technologies are a critical element of connectivity. But so is talent. Leaders will prioritize investments in the right technologies—and in the skillsets needed to unlock those technologies’ full potential. 16 Leaders’ actions to strengthen connectivity: Copyright © 2022 Accenture. All rights reserved.
  • 17. Oil and Gas Reinvention Index 2022 Commit to customer-centricity. Energy demand is evolving among business and individual customers. Leaders are better able to anticipate changes and engage with new customers in new ways and re-engage existing customers with new offerings and modes of interaction. 17 Leaders’ actions to strengthen customer experiences: Use digital to its full advantage. Leaders know that digital tools are key to engaging with customers—and digital expertise is necessary to bring together the data and analytics that can lead to better decisions about products and services, retail formats and demand drivers. Focus on customer satisfaction. Leaders are keenly focused on customer satisfaction. Other companies should follow their lead. By satisfying customers today, energy companies can build loyalty that will withstand future changes in demand and market downturns. Customer satisfaction Sales volumes 40% Revenue 95% 30% 25% 19% 3% Margin 8% 20% Percentage of respondents expecting >10% improvement over the next three years in Leaders Laggards Overall Copyright © 2022 Accenture. All rights reserved.
  • 18. Oil and Gas Reinvention Index 2022 Make culture change a CEO imperative. An exemplary culture needs to be shaped, enabled and modeled from the very top of the organization—and aligned to business needs. Focus on innovation and collaboration. Reinventing companies, establishing new low-carbon business, optimizing the use of digital technologies and data, and strengthening customer engagement all require new skills and capabilities that aren’t easy to find. Building those capabilities internally with collaboration and open innovation can help close some of the gaps. Walk the talk when it comes to DE&I. Diversity, equity and inclusion are now fundamental components of the employee experience and critical to attracting and retaining talent. Companies need to incorporate DE&I throughout the organization, set ambitious targets, measure progress, and drive initiatives from the highest levels of the organization. 18 Leaders’ actions to strengthen culture: Leaders have a more balanced approach to aligning culture with business needs Percentage of respondents that agree/strongly agree they have capabilities to align culture to business needs Leaders Laggards 94% 51% Nourishing innovation and entrepeneuership Nourishing collaboration between functions and operations 12% Improving the employee experience resulting in trust and commitment 92% 74% 41% Copyright © 2022 Accenture. All rights reserved.
  • 19. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Radical reinvention revisited 19 Copyright © 2022 Accenture. All rights reserved.
  • 20. Oil and Gas Reinvention Index 2022 20 We believe that radical transformation, typically limited to one or two areas within an organization, must evolve to a more balanced transformation across all 5C areas. Each area is a critical pillar of reinvention and should be prioritized equally. This is not yet happening. However, this year's analysis suggests that companies are beginning to rethink reinvention and embrace a more holistic approach that addresses the enterprise in its entirety. Here’s what we think energy companies should do next. Copyright © 2022 Accenture. All rights reserved.
  • 21. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Recommended actions for reinvention Be radical (but also holistic). Radical reinventions are bold. They are dynamic. And they lay the groundwork for exceptional potential returns within a defined area of transformation. Holistic reinventions, on the other hand, move the organization in lockstep to a resilient, agile, innovative and profitable future. A reinvention plan that is as broad as it is ambitious will set the next generation of industry leaders apart. 21 Balance the reinvention priorities. Energy companies are still prioritizing competitiveness and carbon as the pillars of their transformation programs. This is understandable. However, it may be shortsighted. We continue to believe that the most successful reinvention programs will balance their attention and investments across competitiveness, carbon, connectivity, customer and culture. The sooner that balance is achieved, the sooner energy companies will reap the benefits of total enterprise reinvention. Practically allocate investments—and day-to-day attention. In addition to balancing the 5C imperatives, energy companies should balance their actions and investments within each area. This year’s leaders exhibited that sort of evenhanded approach in the development of their low-carbon business assets, their efforts to manage emissions, their adoption of digital technologies and even their customer interactions. In other words, among leaders, a practical and measured approach to reinvention is becoming more evident in the day-to-day initiatives aimed at boosting performance in any (and all) of the 5C areas. Other companies should consider following their lead. Copyright © 2022 Accenture. All rights reserved.
  • 22. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 Beareinventionleader 22 Copyright © 2022 Accenture. All rights reserved.
  • 23. Oil and Gas Reinvention Index 2022 About the research In early 2021, Accenture conducted its inaugural Oil and Gas Reinvention Index research to understand the actions companies are taking to meet the challenges of the energy transition, their progress toward reinvention and the outcomes they expect to achieve. This initiative, comprising surveys and case study research, was updated in 2022 to track the industry’s reinvention progress over time. Survey The 2022 edition of Accenture Reinvention Index research included a survey of 201 c-suite executives from 201 companies. The survey collected data on: • Perceived need for reinvention and drivers of change • Current state of reinvention across the 5Cs: Competitiveness, Carbon, Connectivity, Customer and Culture • Future reinvention actions planned and anticipated future state • Expected value to be captured from reinvention Approach We aggregated the responses from each participant to arrive at a score for each company". Next, we defined and grouped companies into Reinvention leaders and laggards (i.e., those ahead in terms of their reinvention progress and those who are not changing or are changing slowly). Definitions We created a Reinvention Index (RI) Score, composed of equally weighted scores from each of the 5Cs of reinvention with a maximum score of 100. The top 10% of the companies on this score are leaders and the bottom 25% are laggards (last year’s edition considered top 10% and bottom 25%). Calculations We compared expected financial benefits of pursuing the 5Cs—measured by minimum expected improvement—and calculated the difference in performance between leaders and laggards. Responsible research methods Our research, and that of our partners in our ecosystem, employs ethical and responsible research methods. Respondents were anonymous and we commit to not using the data collected to personally identify the respondents and/or contact them. Copyright © 2022 Accenture. All rights reserved. 23
  • 24. Oil and Gas Reinvention Index 2022 Survey demographics Responsible research methods Our research, and that of our partners in our ecosystem, employs ethical and responsible research methods. Respondents were anonymous and we commit to not using the data collected to personally identify the respondents and/or contact them. 5% 15% 50% 30% $100m-$499m $500m-$999m $1b-$10b >$10b 20% 6% 20% 20% 7% 6% 20% Chief Financial Officer Chief Innovation Officer Chief Marketing Officer Chief Strategy Officer CIO/CTO/CDO Chief Mobility Officer Chief Operating Officer CXO Title* Integrated Oil Company (IOC) Independent National Oil Company (NOC) Oilfield and Equipment Services (OFES) 80 81 20 20 40% 40% 10% 10% 4 company types N= % 8 Regions Australia/New Zealand Canada China Europe India Latin America Middle East USA N= % 2 32 6 70 13 10 20 48 1% 16% 3% 35% 6% 5% 10% 24% Revenue N=201 * Includes direct reports Copyright © 2022 Accenture. All rights reserved. 24
  • 25. Oil and Gas Reinvention Index 2022 Oil and Gas Reinvention Index 2022 About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com. About Accenture Research Accenture Research shapes trends and creates data-driven insights about the most pressing issues global organizations face. Combining the power of innovative research techniques with a deep understanding of our clients’ industries, our team of 300 researchers and analysts spans 20 countries and publishes hundreds of reports, articles and points of view every year. Our thought-provoking research—supported by proprietary data and partnerships with leading organizations, such as MIT and Harvard—guides our innovations and allows us to transform theories and fresh ideas into real-world solutions for our clients. For more information, visit www.accenture.com/research. This content is provided for general information purposes and is not intended to be used in place of consultation with our professional advisors. Copyright © 2022 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.