EnergySource
Nov 21, 2019
Finding a path forward for oil and gas companies in the energy transition
By
Reed Blakemore, David Yellen
2019 appears to be ending bleakly for the old guard of the energy sector—recent third quarter (Q3) reporting paints a gloomy picture: across the industry, profits have plummeted despite rising oil production. Observers have blamed those results on several potentially transitory headwinds, but are they actually what's driving the concerning outlook?