BOSTON CONSULTING GROUP | Having successfully negotiated the extreme price weakness and volatility of the oil and gas markets from late 2014 into 2017, upstream CEOs arguably deserve some downtime to bask in their accomplishments and enjoy the vastly improved macroenvironment. But now is not the time to rest. A number of potentially highly rewarding growth opportunities, as well as several emerging or intensifying threats, will present themselves in the near to medium term. Upstream CEOs must recognize these opportunities and threats and be prepared to act boldly and decisively—in short, to transform their companies yet again.
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