VIDEO: How do oil and gas help drive our ambitions toward a lower-emission future?

Oil and gas

An integral part of our lives

How do oil and gas help drive our ambitions toward a lower-emission future?

Among the diverse array of emerging energy sources, traditional sources like oil and gas retain their significance, continuing to play a central role in our everyday lives.

Natural gas, as the primary feedstock for synthetic ammonia, remains crucial for producing fertilizers

8 billion people depend on stable food security, affordability, and access

that ensure high-yield food crops and food security.

Oil and gas are also enabling the world’s development by fueling the production of cement and steel

4.1 billion tons of cement

used in developing essential infrastructure.

and over 1.7 billion tons of steel are produced annually

They also play an integral role in global mobility as they are used in the manufacturing of both traditional and electric vehicles.

95% of transport energy comes from fossil-derived liquid fuels

Beyond their active role in our lives, oil and gas help in the development of renewable energy infrastructure 

90MMt of crude oil equivalent required to have 2.5 TW of installed wind power

and blue hydrogen production, which are crucial components of the energy transition.

We plan to expand our oil and gas capacity, while also supporting a lower-emission future.