FINANCIAL TIMES 🔒| Recent multibillion-dollar asset writedowns by BP and Shell, signalling that at least a portion of their portfolio did not represent future value, have come amid the rising tide of references to oil and gas as a sunset industry.
Perhaps the exploration and production business has passed its apogee. But that does not mean oil and gas companies have lost their purpose as energy producers. The future of E&P companies may be different than the future of the E&P industry itself.
To read the full article, click here (subscription required).