With more than 66% of oil and gas companies preparing to fundamentally reinvent business over the next three years, those proposing the most radical transformations may see double the revenue and margin growth compared to those least committed to change, according to a new report.

The report, “Necessity is the Mother of (Re)invention” from Accenture plc, outlines some of the best practices companies should adopt for the energy transition. Oil and gas businesses leading the way in the top 10% of the 200 businesses sampled are setting the stage with more ambitious actions. 

According to Accenture, leading companies could see a minimum margin growth of 7% on average in the next three years, compared to the bottom 25% that may only generate 3% growth. 

Further, leading...