19th Annual Global CEO Survey: Oil and gas industry key findings

Mar 2016

71 oil and gas CEOs in 34 countries were interviewed for PwC's 19th Annual Global CEO Survey.

It's no surprise that oil and gas CEOs are increasingly concerned about the business challenges of today and the future. During one of the worst years in the industry's history, 72% of oil and gas CEOs told us that there are more threats facing their business today than there were three years ago. Geopolitical uncertainty, over-regulation, climate change and an increasing tax burden are among their biggest concerns. Technology will likely play a key role in helping the sector improve, not only operationally, but in terms of improving stakeholder relationships, managing talent, and risks.

Key industry findings:

  • Oil and gas CEOs are most concerned about geopolitical uncertainty, over-regulation and increasing tax burden
  • Governments/regulators and customers have the greatest impact on oil and gas company strategy
  • Risk management and R&D brand, marketing and communication are the top areas in which oil and gas CEOs are making significant changes to respond to stakeholder expectations

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