The oil and gas (O&G) industry has proven to be nothing if not resilient. However, the COVID-19 disruption has tested the mettle of even the largest and most dynamic companies in the sector, and leaders at many O&G companies in the United States already see that 2021 is full of more challenges to come. Factors shaping that view include uncertainty of the pandemic, predictions for lower oil demand even after a recovery, and a new U.S. administration aiming to achieve a 100% clean energy economy and net-zero emissions no later than 2050.

Based on these factors and the overall state of the industry in 2021, Protiviti outlines challenges — and opportunities — for O&G companies this year and likely well beyond.