Managing Director & Partner
Matthew Abel is a core member of The Boston Consulting Group’s Energy practice.
Since joining BCG in 2009, Matthew has worked extensively with major oil and gas companies, advising clients on both the upstream and downstream sides of the business. He has particularly deep experience managing transformations for oil company business units and support functions, including portfolio strategy, organizational redesign, process optimization, and culture change. Matthew has driven these change and profit improvement efforts across both refiners and upstream producers.
Prior to joining BCG, Matthew worked for Shell Oil in both reservoir engineering and planning roles.
Favorable conditions have catapulted oil and gas players from laggards to TSR leaders. But to continue delivering shareholder value, they must balance four key areas.
Exactly how the world will reach net zero is unknown, but at a macro level the science and economics define a pretty clear path. Given the magnitude of value at stake during the transition, many leaders are concluding that inaction may be the riskiest strategy of all.
The trucks used in industries like mining and agriculture burn diesel and emit a lot of CO2. Fortunately, replacement solutions exist—if companies understand the costs and benefits.
International O&G companies are preparing for the future by expanding into low-carbon markets or doubling down on efficiency in hydrocarbon production.
The segment has been hit hard, but prospects for individual players vary significantly.