Oil and Gas Industry Consulting & Strategy

Unlocking Solutions for Uncertain Times

The oil and gas industry is exploring the best path forward while tackling challenges ranging from energy transition, decarbonization and volatile oil prices to intensified global competition and more sophisticated government regulation.

To help companies overcome these challenges, we leverage our expertise in developing new business models, transformational strategies, digital and operational approaches, and cost reduction programs—initiatives that deliver real value in the oil and gas industry and contribute to a path toward decarbonization.

Our Oil and Gas Services

Upstream Oil and Gas

BCG is optimizing costs and unlocking new opportunities for oil and gas companies around the world.

Strategies for Downstream Oil and Gas: Refining & Petrochemicals

We work with oil and gas companies to stay competitive by helping them improve operational efficiency, reduce costs, and explore new paths toward decarbonization.

Commodity Trading & Risk Management

BCG works with oil and gas clients to maximize their portfolios and discover other valuable solutions.

Strategies in Fuel Commercialization

With a range of techniques, BCG helps firms get closer to their end customers.

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Decommissioning Oil and Gas

We make sense of the complicated process that now takes up a large portion of many companies’ balance sheets.

Strategies for Natural Gas and LNG

BCG brings an expert approach to this sector, which lays the groundwork for decarbonization. Natural gas is a low carbon alternative to oil and coal and emits a fraction of the air pollutants.

Hot Topics in the Oil and Gas Industry

We partner with oil and gas companies to help them navigate today’s energy transition toward decarbonization, leverage the latest digital and operational processes, and strategically create value throughout the oil and gas industry. Our goal is to create long-lasting, sustainable growth and a clear path forward. In this video, managing director and senior partner Maurice Berns explains how BCG is helping companies manage opportunities and challenges in such areas as digital technology, decommissioning, decarbonization, natural gas, and liquefied natural gas (LNG).

Find More Oil & Gas Experts

How BCG Delivers Impact in Oil and Gas

By combining our deep industry experience with proprietary digital technologies, advanced analytics, and extensive decarbonization expertise, BCG’s oil and gas consulting teams deliver lasting change to clients around the globe. Read about the impact we’ve had and the solutions we bring.

Shell's MachineMax Revolutionizes Equipment Management with Telematics

Shell and BCG Digital Ventures have worked together on many occasions to reimagine the future of business. This time, they sought to address an important challenge for the mining and construction industries: how to maximize the productivity of equipment.

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Containing Oil and Gas Decommissioning Costs

The Dutch government is facing a wave of decommissioning commitments, driven by aging fields and the volatility of oil prices. The challenge: manage that decommissioning—estimated to cost a minimum of €6.7 billion—safely and efficiently.

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Helping an Oil Refinery Sector Player Develop a Petrochemicals Strategy

One of India’s leading oil companies was facing a fundamental change in its core business: to transition from traditional fuels toward electricity, natural gas, and other low-carbon energy sources for mobility. In response, the company wanted to aggressively expand into the faster-growing petrochemicals market. But first it had to determine which segments of that market to target and then develop a sound plan for moving into each.

Global Refining Model

BCG’s global refining model provides insight into the current and future refinery sector and petroleum products markets.

Performance Database of Unconventional Assets

BCG’s performance database for unconventional assets manages detailed information on leading shale operators and basins.

Our Centers of Expertise for Oil and Gas Consulting

Center for Energy Impact

The Center for Energy Impact (CEI) engages a changing industry in new and different ways by providing expert insight to drive long-term success for energy companies around the world. Through this center, our energy consulting teams—specializing in both oil and gas and power and utilities—shape thinking about the future availability, economics, and sustainability of the world's energy sources. They also explore implications of industry-altering, unforeseen events like the pandemic for energy companies and their portfolios.

The Digitization in Oil and Gas Imperative

BCG’s Center for Digital in Oil and Gas transforms companies by developing cutting-edge digital solutions that help them achieve end-to-end digital transformation through innovative business models, world-class tech functionality, and support functions of the future—allowing them to succeed now and for many years to come.

The Center for Climate Action

We partner with clients across the public, private, and social sectors to align their strategy, operations, and stakeholder engagement with decarbonization and alternative energy business opportunities. Our work is supported by BCG’s range of consulting experience across all industries and capabilities.

Our Latest Thinking in the Oil and Gas Sector

The 2021 Value Creators Rankings

The pandemic’s effects have widened the gap between leaders and laggards in value creation.

Diversification Versus Discipline: Value Creation in Oil and Gas 2021

International oil and gas companies are preparing for the future by expanding into decarbonization markets or doubling down on efficiency in hydrocarbon production.

Have We Passed Peak Demand for Fossil Fuels?

COVID-19 may have accelerated a key inflection point in fossil fuels—fundamentally altering many energy companies’ economic position and outlook.

How Diverse Teams Improve Problem Solving and Success

BCG's Anita Oh looks at finding breakthrough solutions for old problems.

Explore more of our latest thinking in the oil and gas industry

Dispatch from Davos: Energy Companies and the Race to Save the Planet Energy companies are leveraging technology and collaboration to decarbonize their business, transition to new sources of energy, and build a cleaner future."

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Alan Thomson

Managing Director & Senior Partner

Houston

Are Oil Companies Prepared for the Changing US Energy Landscape? Fundamental forces in mobility and power generation could pressure traditional oil and gas companies to transform the way they do business in the US. And these transitions may arrive faster than many executives expect."

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Marie-Hélène Ben Samoun

Managing Director & Partner

Houston

Energy transition: the new and necessary mindset for the energy sector At last week’s Mexican Energy Forum, I gave a keynote on a topic of serious importance to energy sector leaders everywhere: Disruption is coming, and you’re probably not ready."

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Paul Goydan

Managing Director & Senior Partner

Houston

The Future of Oil and Gas The uncertainty surrounding demand amid a shift in the cost of supply creates challenges but also opportunities for companies."

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Jamie Webster

Senior Director | Center for Energy Impact

Washington, DC

Oilfield Services and Equipment: Five Years, Five Themes Since 2014, BCG has tracked the performance of 100 companies across ten segments. Now, after five years of coverage, five themes characterize today’s market."

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Philip Whittaker

Partner and Director, Oil & Gas

London

F. Scott Fitzgerald’s Advice on Global Warming As we mark Earth Day today, it can be easy to get discouraged about global warming and its impact to our planet."

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Alan Thomson

Managing Director & Senior Partner

Houston