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As oil and gas companies consider how best to weather the current storm and prepare for any lasting impacts from COVID-19, a pivot from a pure oil and gas focus to an energy services focus—especially energy from renewable or sustainable sources—is an effective overarching solution to the challenges they face.
KPMG’s report outlines five growth avenues that allow individual oil and gas companies to leverage their strengths, capabilities, adjacencies, and investments to date. While there are competitors from other sectors entering each of these markets, KPMG strongly believe that the oil and gas industry has natural advantages that will allow companies to take a leading role.
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