The upstream oil & gas sector needs to convince investors that it can provide sustainable, profitable growth against a backdrop of low commodity prices and low returns in recent years, while also adopting low-carbon strategies in response to the energy transition. While the upstream industry has significantly reduced cost through operational and technological innovation and portfolio refocusing, and has also shown that lowering carbon emissions is an industry priority, what more can it provide to investors to ensure investment? What are the main levers available to upstream industry players to transform operational performance and profitability, while lowering emissions? How can the industry demonstrate progress to align with investor expectations?