Most of the world's oil and gas companies are not profitable or break even

62% of the world's oil and gas companies are either unprofitable or just breaking even

That's according to the 2022 BDO Energy CFO Outlook Survey, which identified 2020 as the most expensive year for Chapter 11 bankruptcy filings in the oil and gas industry, with the combined total of more than 100 companies Debt exceeds $100 billion

Energy CFO Outlook survey results found that in order to raise capital, oil and gas companies identified pursuing strategic partners as their preferred investment (48%), with private equity pursuing the future in second place (26%), and The pursuit of public equity came in third (22%)

The 2022 Energy CFO Outlook survey shows where oil and gas companies plan to increase spending, with environmental, social and corporate governance (ESG) the primary focus (45%), followed by IT projects (38%) and logistics Operations (38%)

According to the outlook survey, 68% of oil and gas companies believe that implementing ESG programs to improve resilience and address ESG risks will have a positive impact on the company's long-term financial performance

"While the past year has brought countless proposals for the energy industry," Clark Sackchewowski, BDO's national energy leader and global oil and gas leader, said in a statement sent to U.

"But down the road, ensuring adequate liquidity will be the key to every success and the lifeblood of the business' near- and long-term growth," he added in the statement

The 2022 BDO Energy CFO Outlook Survey surveyed 100 energy CFOs with annual revenues between $250 million and $3 billion

　　BDO is an American professional services firm providing assurance, tax and advisory services to a range of public and privately held companies