Oil & Gas CIO priorities in the new reality

Cost optimization and operational efficiencies are critical in the new reality.

Kimberly M. Sorensen

Kimberly M. Sorensen

Managing Director, CIO Advisory, KPMG US

+1 713-319-2044

Regina Mayor

Regina Mayor

Global Head of Energy, KPMG in the U.S.

+1 713-319-3137

A Harvey Nash / KPMG CIO Survey 2020 industry report

Operational priorities, technology investments, business performance, cloud and data security, diversity and inclusion in Oil & Gas

2020 was a tumultuous year for the oil and gas industry. Commodity prices, already significantly depressed, were exacerbated by disagreements between Saudi Arabia and Russia over production levels. And then COVID-19 struck. The pandemic dramatically reduced demand as commercial and consumer transport modes effectively went into hibernation and manufacturing output dropped. Despite all this, for the foreseeable future the world will go on significantly relying on fossil fuels in the new reality. 

From a technology perspective, everything must be geared around enabling efficiency and cost gains. Systems and data must be integrated across front, middle and back offices to deliver more precise forecasting, enabling shorter decision cycles that drive profitability and reduce waste.

In this Oil & Gas report, we share how being a digital leader differentiates you from your industry peers. We also compare survey results for Oil & Gas to overall results in these key areas:

  • board priorities and investment 
  • strategy and operating model
  • delivering value at speed
  • people and culture
  • the rise of cyber
  • analytics and insight.
Key findings from the survey responses of 70 Oil & Gas industry technology leaders

Full survey report

Now in its 22nd year, the Harvey Nash/KPMG CIO Survey is the largest IT leadership survey in the world, with over 4,200 responses from CIOs and technology executives across 83 countries in 2020.