THE FUTURE OF BIG OIL IN THE HYDROGEN ECONOMY

Abstract

Globally, oil and gas companies have approached hydrogen fuel with varying levels of interest and investment. In Europe, where policymakers have earmarked large sums of investment in the future of hydrogen, oil majors have been generally more proactive about incorporating hydrogen into their corporate strategies. US policymakers and oil majors have overall been less focused on hydrogen, but the US has some unique conditions that may be favorable to an expanded hydrogen industry. This project outlines the current positions of oil majors when it comes to hydrogen. It explores the unique challenges and opportunities that exist for traditional oil and gas companies, and how oil majors might adapt their infrastructure and workforce to embrace a hydrogen future.