Skip to main content

      In a year of upheaval caused by geopolitical tensions, the ongoing pandemic and an uncertain economic climate, energy CEOs face challenges and opportunities amidst the sector’s ongoing transformation.

      As part of our 2022 CEO Outlook, we surveyed 138 energy CEOs in the oil & gas, power & utilities and renewable energy spaces, gathering their insights and perspectives into the business and economic landscapes over the next 3 years.

      This report offers a lens into what today’s energy CEOs are doing to plan for economic disruption as the sector continues transitioning to a low carbon economy.
       

      PDF

      Building and sustaining resilience: The 2022 Energy CEO Outlook

      Energy leaders focused on the recession and political and technological risks.

      Download

      87% believe there will be a recession in the next 12 months
       

      55% say they plan to put more capital into purchasing new technology
       

      75% think a recession would upend anticipated growth over the next 3 years
       

      71% think those who worked in offices pre-pandemic will be back in the office regularly in 3 years’ time

      59% say an anticipated recession will be mild and short
       

      66% have committed to allocating more than 6 percent of revenue to make their organization more sustainable

      Compared to earlier years, global energy sector CEOs continue to see a significant sector growth perspective. Further, since 2020, the share of CEOs that also see these sector growth perspectives reflected for their own company has grown from about 55% to 80%. This is likely to reflect, that company plans for actually executing their green transition are becoming more concrete.

      Morten Eskerod

      Partner, Energy and Green Transition Advisory

      KPMG Denmark

      About KPMG’s CEO Outlook

      The 8th edition of KPMG CEO Outlook, conducted with 1,325 CEOs between 12 July and 24 August 2022, provides unique insight into the mindset, strategies and planning tactics of CEOs not only comparable to pre-pandemic to today, but also from KPMG’s CEO Pulse Survey conducted with 500 CEOs between 12 January and 9 February 2022, before the Russian government's invasion of Ukraine.

      All respondents have annual revenues over US$500M and a third of the companies surveyed have more than US$10B in annual revenue. 

      Contact us

      Please reach out if you would like to hear more about how we can help your company.

      Learn more about our services
      Morten Eskerod
      Morten Eskerod

      Partner, Advisory

      KPMG in Denmark

      Read more insights here

      Companies worldwide are preparing for the advent of mandatory reporting on sustainability, according to the 2024 edition of KPMG’s Survey of Sustainability Reporting.
      Discover more here

      Get insight into what CSDDD is and whether it affects your organisation.
      Discover more here

      In partnership with Ørsted and CIP we seek to inform the debate around open-door procedure for offshore wind installation.
      Discover more here

      10 things boards and executives should know about nature-related risks and opportunities.
      Discover more here

      Subscribe to our KPMG insights newsletter



      Turn insight into opportunity with unique perspectives and actionable insights addressing the burning issues atop the C-suite agenda. We cover everything from ESG and new technologies to transactions and financial services.

      Subscribe here