The U.S. oil sector is entering a challenging phase. As oil prices drop and operating costs rise, firms across the country are slashing jobs and cutting spending—moves that could slow the rapid growth the country has enjoyed in recent years.
Australian oil and gas companies are at a critical juncture, balancing declining production and global oversupply risks with opportunities in LNG exports and the energy transition. Investments in CCUS, hydrogen, and digital technologies are positioning firms like Woodside, Santos, and Chevron for long-term resilience. As geopolitical and policy challenges persist, their ability to adapt will shape Australia’s role in the global energy market through 2030.
