Where to be: Geopolitics and new businesses, in favor of oil

Following a momentous year in 2020, thanks to the impact of the pandemic, the European oil and gas industry has experienced a remarkable turnaround, with three consecutive years of impressive stock market growth. This can largely be attributed to the resounding success of the global economic reopening and the steadfast demand for energy resources. As we progress further into the current year, the positive momentum shows no signs of abating, with the European sector index surging ahead by an impressive 8%, outperforming the Stoxx 600 which stands at 6%. In the immediate future, it seems likely that European integrated energy companies will continue to bask in the glow of market favor. Successfully navigating through the challenges presented by evolving market dynamics and changing consumer preferences, the sector is demonstrating its resilience and adaptability.