The oil and gas industry is facing the most significant transformation relative to any other sector driven by the global energy transition. A hydrocarbon producing industry seems the least likely to tackle the emissions and environmental challenges related to climate and energy transition, however, over 90% of companies in the oil and gas industry have already made declarations about their plans for net-zero targets, and many have already deployed capital to pursue an energy transition strategy. Global oil and gas firms across the long value chain are looking beyond maximizing profits and incorporating environmental, social, and governance (ESG) metrics into corporate performance assessments.