Petroleum Equipment Institute

CEO confidence is growing when it comes to the global economy, but CEOs are anxious about:

• Cyber threats (71% “extremely concerned”)
• Regulatory policy uncertainty (51%)
• Pandemics and other health crises (46%)

The number of business school grads taking jobs in the oil and gas industry has fallen by 16% since 2019 and 40% since 2006.

Between 71% and 90% of survey respondents say their companies' skill transformations have had four positive outcomes:

1. The ability to realize company strategy
2. Employees’ performance
3. Employees' satisfaction
4. Reputation as an employer

To succeed in the post-pandemic era, leaders need new skills and capabilities. Leaders must be:

1. Strategic executors
2. Humble heroes
3. Tech-savvy humanists
4. Traditioned innovators
5. High-integrity politicians
6. Globally minded localists 

The DOE will develop a national EV charging infrastructure blueprint with EPRI, including fast charging and grid interaction. The blueprint will assess connectivity, communication and protocols from utility to vehicle.

Let's talk about the elephants in the room.

Read the Q2 2021 issue

Leaders who prioritize their people have teams that thrived during the pandemic. More important than ever are empathy, vulnerability and flexibility.  

Fuel retail is expected to decline globally from $87 billion in 2019 to $79 billion in 2030. EV charging for the same period is expected to rise from negligible to $20 billion.

When you mismanage conflict, you jeopardize your company. A study shows the average small- to medium-size company dropped $125,000 and 10 months on litigation defense and settlements.

Two tax credits in December’s Taxpayer Certainty and Disaster Tax Relief Act might be more valuable than the PPP loans for many small businesses.