EXECUTIVES FOR 2019
Strategies expected to produce most cost reductions
tives looking to cut costs. Investment into digital was a distant third on their list of priorities.
Overall, across the value chain, Deloitte noted confidence in an improving business environment. A key competitive strategy for oil and gas executives is mergers and acquisitions, with the oilfield services segment perceived to have the highest consolidation potential. Consolidation through mergers and acquisition was noted as a route to scale, focus and control costs.
With an uncertain future for oil prices, upstream executives were generally unsure of the ideal focus areas for 2019—the survey found that executives were “split between focusing on growth, maintaining the status quo and streamlining the business. This reflects executives’ outlook on oil and gas prices.”