ADNOC’s Strategy Amid Global Energy Transition: A Case Study in Adaptation

ADNOC’s Strategy Amid Global Energy Transition: A Case Study in Adaptation

As global energy markets face increasing uncertainty, many traditional oil and gas companies are grappling with slowing revenues and shifting policy landscapes. In 2024, several major players — including TotalEnergies, Shell, Equinor, Eni, and BP — reported significant year-on-year profit declines. BP, for example, saw its net income drop by more than 97%. While economic volatility, geopolitical tensions, and the lingering effects of the COVID-1…