The last few years have brought numerous challenges for global oil and gas companies. However, Russian representatives in the sector have managed to navigate this period commendably. In a recently published report by Boston Consulting Group (BCG), Lukoil, Gazprom, Tatneft, Novatek, and Surgutneftegas were among the top ten companies delivering the highest returns to shareholders, with Finnish company Neste leading the pack.
At the same time, S&P's ratings have revised the investment outlooks for major global oil and gas companies like Total, Exxon, and Shell downwards, while Rosneft has maintained a stable outlook.
Rosneft holds a more resilient position due to its substantial oil reserves, low extraction costs, and stable cash flows.
S&P experts believe that Russian oil and gas companies can be regarded as some of the most risk-resistant in the sector.
In the global market, traditional oil and gas companies are increasingly being challenged by representatives of alternative energy. In light of the climate agenda, investor pressure is mounting, demanding clear action plans from companies in the context of a global energy transition. It is evident that the need for hydrocarbons will not vanish. However, we can anticipate shifts in power dynamics and an overall change in the landscape within this sector.
