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
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
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
How EY can help
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Optimize your operations with process mining: gain insights, identify bottlenecks, and enhance efficiency by analyzing real-time data from your systems.
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EY Digital Energy Enablement Platform (DEEP) uses Microsoft Azure cloud, O365 and EY tech expertise to provide tools defining the future of exploration.
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EY-Parthenon energy strategy consulting teams help C-suites drive future value-creation. Learn more.
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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-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
How AI is becoming central to oil and gas finance strategy
AI is helping oil and gas CFOs unlock trapped working capital, improve cash flow resilience and fund energy transition through predictive and agentic automation.
India’s evolving energy mix pragmatically balances fossil fuels and renewables to drive economic growth while expanding reliable and affordable energy access.
Envisioning the future of India’s chemicals and petrochemicals industry
The chemicals and petrochemicals sector is facing major shifts in 2026, as technology, sustainability and global realignment position India as a key growth hub.
India's green manufacturing revolution and the journey to net-zero
Discover how EY India is driving India's green manufacturing revolution and net-zero transition. Explore key insights on sustainability, industry growth, and policy shifts.
Fueling the future: Key trends and outlook for the Energy sector
Explore India’s energy transition: renewables, green hydrogen, policy shifts, & tech shaping a sustainable future of energy market amid global challenges
How much productivity can GenAI unlock in India? The AIdea of India 2025
Explore AIdea of India 2025 to find out how Gen AI is transforming industries, boosting productivity & reshaping India’s digital economy with innovation.
AIdea 2025 report - Industries in transformation: Industrials and Energy
Dilip, EY India’s Investment Banking Partner, brings deep expertise across the Oil & Gas value chain, handling transactions in domestic and global markets.
Catalyzing growth: India's chemicals and petrochemicals drive growth
Explore how India's chemicals and petrochemicals industry fuels economic development, fostering innovation and growth in a burgeoning market.
Decarbonizing India's steel industry: A strategic roadmap
Explore the roadmap for India's steel industry to achieve net-zero by 2070 with green hydrogen, EAFs, and CCUS technologies.
How India can lead the global green steel revolution while balancing growth
Unlocking India's green steel potential with sustainable production methods, innovative technologies, and strategic industry shifts. Learn more.
How petrochemical industry in India drives growth with investment and innovation
EY highlights how Indian petrochemical companies can navigate rising demands and global competition. Learn more.
How 2024 policy shifts are advancing India’s green hydrogen sector
The 2024 Budget supported green hydrogen development, aligning with India’s energy transition and decarbonization strategy.
The team
Gaurav Moda
Partner and Energy Sector Leader, EY-Parthenon India
Dilip Khanna
Partner, Oil and Gas Strategy and Transactions, EY India
Anurag Malik
Partner and Leader, People Consulting, EY India
Raju Kumar
Partner and Tax Leader – Energy sector, EY India
Aashish Kasad
National Leader - Chemicals and Agriculture sector, EY India
Explore related sector pages: Aerospace, Defense & Mobility | Industrial Products | Mining & Metals | Power & Utilities