Former BP CEO Dudley: OCGI Committed to Carbon Cuts Despite Pandemic

The transcript discusses the commitment of major oil companies to reduce carbon emissions despite the pandemic. It highlights the collaboration among global oil companies, including national and international players, to set carbon intensity targets. The discussion also covers the challenges of maintaining unity among companies with different strategies, the importance of energy efficiency, and investment in low carbon technologies. Additionally, it addresses diversity and equality within the oil sector and the future outlook of the industry amidst COVID-19 challenges.

What is the collective target for CO2 emission reduction set by the 12 largest companies by 2025?

• 10 to 20 million tons

• 100 to 120 million tons

• 36 to 52 million tons

• 60 to 80 million tons

Which major international players are involved in the global initiative to unify oil strategies?

• ExxonMobil and Shell

• Saudi Aramco and Petrobras

• Total and Gazprom

• BP and Chevron

What is the annual investment by the 12 companies in low-carbon solutions?

• $7 billion

• $5 billion

• $3 billion

• $1 billion

What is a significant challenge for oil companies in maintaining their dividends?

• Pressure to invest in energy efficiency

• Increasing oil prices

• Lack of government support

• Decreasing demand for oil

What aspect of corporate responsibility is emphasized alongside carbon reduction?

• Technological innovation

• Financial transparency

• Market expansion

• Equality and diversity

How has the COVID-19 pandemic affected business operations in the oil industry?

• Decreased focus on climate change

• Higher demand for oil

• New ways of working with less physical contact

• Increased physical contact

What is a key factor in the oil companies' adaptation to the new world post-pandemic?

• More physical meetings

• Higher oil prices

• Efficient use of resources

• Increased travel