The push to decarbonize the global economy is opening new vistas of opportunity and risk for major international energy companies. Global companies are continuing to invest in their core businesses as they look for new growth opportunities in the energy transition. How should companies think about their capital allocation priorities and strategies? Which technologies are most promising for traditional oil companies? What are the strategies and choices for oil and gas companies and technology companies responding to government, investor and consumer demands to decarbonize while also ensuring today’s fuels remain accessible and affordable?