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.
Building and sustaining resilience: The 2022 Energy CEO Outlook
Energy leaders focused on the recession and political and technological risks.
Download PDF (3.3 MB) ⤓
Believe there will be a recession in the next 12 months
Think a recession would upend anticipated growth over the next 3 years
Say an anticipated recession will be mild and short
Say they plan to put more capital into purchasing new technology
Think those who worked in offices pre-pandemic will be back in the office regularly in 3 years’ time
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.
Partner, Energy and Green Transition Advisory
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.
In KPMG's CEO Outlook 2022, CEOs from more than 1,300 of the world's largest companies have been asked about their view of the future.
Read more insights in CEO Outlook 2022 here.
Contact us, and read more insights here
KPMG in Denmark
Helge Coroli Frandsen
Press inquiries, Media Relations Lead
KPMG in Denmark