'Big Oil' – Death of a business model? A flash analysis.
Throughout their long history, the world's major international oil corporations have overcome quite a few crises. However, their business model now appears to be under more threat than ever before: fracking, 2-degree target by the United Nations Framework Convention on Climate Change, electric cars and ever-increasing competitiveness of renewable energy, to name only a few factors that put pressure on oil majors.
Which business models will enable the oil corporations to adapt to the changes in our economies and in everyday life of the people? Shell, Exxon, Total and their peers – which strategies do they pursue to remain in the game?
Author: Diogo Weihermann
Published: December 2017