A Year of Change in the Energy Sector

818 total views, 1 views today

Global CEO outlook – energy perspective

It has been a year of change in the Energy sector. However, CEOs globally are cautiously optimistic about what’s coming for their companies in the years ahead.

Despite significant challenges ranging from new market entrants to environmental regulations, CEOs remain focused on growth. Forty-two percent of Energy CEOs are more confident about their prospects for growth over the next 3 years than they were last year. Furthermore, 76 percent expect their headcount to rise over the next 3 years.

Global expansion is also high on the agenda. In fact, 52 percent of CEOs are planning to dedicate significant financial resources to their expansion efforts. These and other findings outlined in this report show that while it’s a turbulent time for Energy companies – it’s also a time of opportunity, where companies recognize the need to take more risks if they are to achieve their long-term objectives.

About the author

Michiel Soeting is a partner with KPMG in the UK and Global Chairman Energy & Natural Resources.