Diversity, Equity and Inclusion

The WPC/BCG survey 2023

The WPC/BCG survey 2023 Advancing Diversity, Equity and inclusion in the Energy Sector.

2021 Untapped Reserves 2.0: Driving Gender Balance in Oil and Gas

WPC UntappedReserves

A collaboration between the World Petroleum Council (WPC) and The Boston Consulting Group (BCG)

At the 23rd World Petroleum Congress in Houston in December 2021, WPC and BCG presented the results of "Untapped Reserves 2.0 - Driving Gender Balance in Oil and Gas", the second groundbreaking study on the status, challenges and opportunities of gender diversity in the oil and gas industry.

Since 2017 when the World Petroleum Council (WPC) and Boston Consulting Group (BCG) first examined attitudes about gender balance in oil and gas, the industry has experienced significant disruption. The global industry transition away from fossil fuels and the continued growth of digitilisation have accelerated both the need for and the pace for change. This is, of course, in addition to the severe disruption caused by the COVID-19 pandemic.

The percentage of women working in the oil and gas industry remains unaltered at 22%, the same level reported in 2017. Although the pandemic and associated oil price shock were important factors in halting further progress, they underscore the need for continued focus, commitment and action to improve diversity and inclusion (D&I). There are glimmers of hope: the number of D&I policies and programmes introduced by companies is up by about 50% since 2017, indicating that even though outcomes stalled, the commitment to act and lay foundations for future progress remained strong throughtout the period.

This extensive body of research provides a highly valuable in-depth and representative look at where the industry stands on this very important topic. For more details you can access:

WPC-BCG Untapped Reserves 2.0 Report
WPC-BCG Untapped Reserves 2.0 Infographic
WPC-BCG Untapped Reserves 2.0 Executive Summary
www.untappedreserves.com

For further information, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

2017 - The first WPC and BCG global report on Untapped Reserves: Promoting Gender Balance in Oil and Gas

The initial Gender Study was launched by at the 22nd World Petroleum Congress in Istanbul in July 2017, WPC and BCG presented the results of the first groundbreaking study on the status, challenges and opportunities of gender diversity in the oil and gas industry.

The first global report on Untapped Reserves: Promoting Gender Balance in Oil and Gas, prepared by the World Petroleum Council and The Boston Consulting Group, provides a comprehensive baseline on gender balance in the oil and gas industry today. The report’s findings are based on substantial proprietary research that included detailed personal interviews with more than 60 male and female senior industry executives worldwide, a survey of approximately 2,000 male and female industry professionals from a wide range of companies and countries, and primary quantitative data provided confidentially by all major international oil companies and several national oil companies (a total of 38 companies with collective revenues of $1.9 trillion and employees representing between 25% and 30% of the industry’s global workforce).

DOWNLOAD A FULL COPY OF THE 2017 GENDER REPORT HERE
UNTAPPED RESERVES 2017 INFOGRAPHIC

The benchmark report is being updated every three years which will enable us to keep track of the industry’s progress in improving gender balance as well as the effectiveness of our recommended actions.

The World Petroleum Council and BCG's focus is for this report to make a major contribution to oil and gas companies’ efforts to boost women’s representation in the industry.

Report and highlights at BCG: https://www.bcg.com/publications/2017/energy-environment-people-organization-untapped-reserves.aspx

WPC and BCG wish to acknowledge the support of the international Advisory Group:

Reem A. Al-Ghanim, Head of HR & Support Services for Chemicals, Saudi Aramco
Nadia Al-Haji, Deputy Chief Executive, Petrochecmical Industries Company, Kuwait
Wafa Bader Al-Othman, Team Leader, Strategic Planning, KIPIC, Kuwait
Maria Angela Capello, Consultant and Author of "Mentoring and Sponsoring", USA
Rajiv Bahl, Director, FIPI, India
Winnie Mamatsharaga, Gender Mainstreaming and Trasnformation, Department of Energy, South Africa
Joaquin Hormaechea, Director, Talent, Culture and Internal Communications, Repsol, Spain
Salva Lorenzo Martinez, Diversity Manager, Repsol, Spain
Anna Illarionova, WPC YP Representative, Russia
Loraine de Roll, Diversity Project Manager, Total, France
Sigrid Borthen Toven, VP EXP EE WPE, Equinor, Norway
Cristina Pinho, Secretary General, IBP, Brazil
Pablo Ferragut, Project Manager, ARPEL, Uruguay
Lee Jourdan, former Chief Diversity Officer, Chevron, USA
Tana Garcia Lastra, Director, CORES, Spain

We would also thank the WPC Executive Committee and all the many people at the Boston Consulting Group who contributed to making this report a reality.

Resources:

Leadership Excellence for Women Awards and Symposium (LEWAS)

WPC collaborates closely with the Leadership Excellence for Women Awards and Symposium (LEWAS) which recognises extraordinary individuals and efforts in the Middle East energy sector. The 2021 LEWAS Virtual Awards and Symposium takes place on 28 November. Further details at www.lewa-symposium.org

Women's Global Leadership Conference (WGLC)

A sneak preview of the Untapped Reserves report will be shared at the annual Women's Global Leadership Conference, held from 1-3 November in Houston, USA, with a virtual day for the global audience on the 3rd November. More information at www.WGLConference.com

WINNERS - Women in India's Energy Sector

Organising by the Federation of Indian Petroleum Industry (FIPI), the annual WINNERS conference in September 2021 was a great opportunity to share some learnings from the Untapped Reserves report with the many Indian companies and individuals who had participated in the survey. www.fipi.org

ITN Gender diversity See the WPC video on "How can we improve gender diversity in the profession" here