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STRATEGY

Investors Challenge Majors' Models

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Western majors’ business models for the energy transition continue to splinter. We see companies and investors trying to pick the best structure to balance near-term returns with long-term transition success. Our conversations show that investors are largely agnostic on approaches, but want a combination of robust short-term profits, credible long-term strategies and a clear path to medium-term goals.

The US major's capital spending will rise by more than 20% next year, but remains at the low end of its medium-term plans.
Thu, Dec 2, 2021
Even as the US downstream undergoes a dramatic rationalization, TC Energy is betting the Gulf Coast is still a growth market for oil sands crude.
Wed, Dec 1, 2021