EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Oil & Gas and Chemicals
Staying competitive in today’s complex world means Oil & Gas and Chemicals companies must capture new value while getting more from existing assets.
28,000+
Oil & Gas and Chemicals practitioners across 150 countries ready to help clients today
#2
Big 4 firm Oil & Gas & Chemicals auditor (by total revenue)*
*as per Fortune Global 500 data
US$1b+
investment in data, tech and AI to develop innovative solutions for complex challenges
Solving your complex challenges
- Capital
- Operations
- Innovation and AI
CHALLENGE
Managing capital and portfolios
Rapid geopolitical, technology and demand shifts are reshaping where and how value is created. Capital allocation and portfolio decisions are increasingly critical but more difficult to get right.
HOW EY CAN HELP
By grounding capital and portfolio decisions in cash flow resilience, execution capability and risk adjusted optionality, EY helps companies focus on the full capital lifecycle, helping enable near term cash preservation through long-term position-taking.
- Optimizing the asset footprint: repositioning portfolios based on geopolitical exposure, shipping and logistics dependencies, restart feasibility, and regional demand dynamics
- Aligning portfolios to new sources of value: prioritizing portfolios, products and processes with high-growth and high-margin markets including through developing specialty capabilities
- Capital solutions that balance growth and discipline: deploying capital to protect downside risk while preserving upside optionality — investing through volatility, sequencing growth realistically and aligning capital programs with execution constraints
- Innovative M&A and partnerships: leveraging sector-specific support to identify and execute transactional opportunities that drive efficiency, scale, cost benefits and market presence
FEATURED
Energy Strategy and Transactions Consulting
EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation.
CHALLENGE
Optimizing assets and operations
Meeting demand, stakeholder expectations and regulatory obligations calls on companies to redefine asset and operational performance through innovation.
HOW EY CAN HELP
EY helps companies across the value chain from upstream to downstream to achieve operational excellence to uplift productivity, relieve margin pressure and unlock efficiencies that fuel sustainable growth.
- Supply chain transformation: localizing and diversifying supply chains to navigate geopolitical challenges, build agility and drive growth
- Intelligent operations: integrating sector-specific EY platforms and data-driven insights to optimize performance, efficiency and decision-making at scale
- Asset performance and reliability: using advanced analytics and predictive maintenance to extend asset life, reduce downtime and improve safety across complex operations
- Integrated planning and operations: creating a connected approach to planning, scheduling and execution through digital twins and real-time data to enhance throughput and performance across the value chain
FEATURED
Digital operations services in oil and gas
Our Digital operations team in oil and gas can help your business boost production, lower costs and deliver a more sustainable future.
CHALLENGE
Innovating through AI and technology
AI, machine learning and advanced technologies offer huge potential, but success requires linking digital strategy to operations to deliver real impact.
HOW EY CAN HELP
From subsurface to refining, EY helps companies harness the potential of AI and emerging technology to innovate, transform and realize tangible business value across the value chain.
- Accelerated digital transformation: identifying functions for digitalization and scalable use cases, and measuring impact and returns
- High-impact decarbonization initiatives: leveraging AI and tech to help clients optimize energy use, manage carbon and develop high-value circular and low-carbon solutions
- Future-focused talent strategies: helping companies redesign recruitment, retention and upskilling programs to build digital skills
- Cyber resilience to protect operations and trust: supporting the development of proactive cybersecurity frameworks that evolve with an advancing digital and threat landscape
FEATURED
How AI drove data optimization for oil and gas capital projects
Discover how AI boosted efficiency and accuracy in oil and gas project management and helped a firm streamline engineering processes.
How EY can help
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Our Digital operations team in oil and gas can help your business boost production, lower costs and deliver a more sustainable future. Learn how.
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EY Digital Energy Enablement Platform, or EY DEEP, combines Microsoft’s scalable, enterprise cloud platform with EY leading industry and technology experience to provide the tools defining the future of exploration.
Read more -
EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation. Learn more.
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EY-Parthenon: Transformative strategy and transactions – solutions that work in practice, not just on paper.
EY Partner Ecosystem
EY harnesses a connected ecosystem of strategic alliances and partnerships to co-create value and deliver comprehensive technology solutions and business outcomes for our clients.
Our latest thinking
Top 10 business risks and opportunities for mining and metals in 2026
Unpredictable output and tariff tensions mean companies face a new era of operational risk. It’s time to reimagine mining.
Six actions to turn soaring energy demand into lasting prosperity
Business energy demand is soaring. Are providers ready? EY research reveals how they can fuel growth to deliver true energy prosperity. Learn more.
How data analytics can strengthen supply chain performance
EY Supply Chain SmartMaps™ helped a global energy company leverage buying power, strengthen processes, reduce costs and optimize inventory. Learn more.
The Global Oil & Gas and Chemicals Team
Explore related sector pages: Aerospace, Defense & Mobility | Industrial Products | Mining & Metals | Power & Utilities