{
  "docId": "019dd923-5e88-73ef-bd59-1e1c5686629b",
  "docSlug": "65ba79c0a1c3a0ab",
  "documentTitle": "ey energy and resources transition acceleration",
  "authorId": "MorganStanley",
  "authorName": "EY",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 23,
  "pageCount": 48,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 12,
  "notes": "The chart illustrates a shift from crude oil to a diversified mix including renewables, hydrogen, and synthetic fuels.",
  "elementsJson": [
    "headline_text",
    "action_title",
    "paragraph",
    "bar_chart_stacked",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd59-1e1c5686629b/23",
  "deckHref": "/decks/019dd923-5e88-73ef-bd59-1e1c5686629b",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-1e1c5686629b.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-1e1c5686629b#slide-23",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We anticipate returns from conventional oil and gas operations to decline after 2030, as carbon costs increase and electrification in some sectors reduces demand.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-3409-704d-b4e2-abf3a753630b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.6,
        "x": 0.33,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Oil and gas portfolio evolution (illustrative)",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "12565e4f-9498-41ab-b9cc-bb06a15a7230",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Future energy majors returns: 10%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-3409-704d-b4e2-af0fffee768c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.28,
        "x": 0.03,
        "y": 0.24
      },
      "kind": "paragraph",
      "text": "We anticipate returns from conventional oil and gas operations to decline after 2030, as carbon costs increase and electrification in some sectors reduces demand. In the short term, oil and gas companies will adapt by improving operational efficiency and focusing on shorter-cycle assets. But success over the longer term will require companies to rethink portfolio strategies, moving away from a pure focus on oil and gas to a mix of conventional and decarbonized oil and gas molecules, synthetic and bio-based fuels, renewable power, and alternative energy carriers such as hydrogen and ammonia. Returns for green molecules will begin to rise as technologies mature and commercialization scales, leading to a significant expansion of market opportunities for oil and gas companies. These companies are particularly well positioned to develop and deploy CCUS technologies, both to decarbonize their own conventional molecules through offsets and to support decarbonization of other hard-to-abate industries.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dde513a5-b73a-4839-b98c-5e35a8f81b65",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.33,
        "y": 0.81
      },
      "kind": "source-note",
      "text": "Source: EY analysis of ERTA model data and O&G majors strategies.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c5e16f22-6357-4847-9fa9-27adbb2b4f07",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.2,
        "x": 0.03,
        "y": 0.14
      },
      "kind": "title",
      "text": "Oil and gas go green",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b43da1d-67ee-489a-8027-9534f2c97a84",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}