The role of oil in the energy mix: today and in the future | The Energy Podcast

Oil is the source of about 30% of the world's energy today. It’s also the basis of ingredients in many everyday products -- from your phone to clothes to medicines. Featuring Shell's President of Upstream, Peter Costello, this episode of The Energy Podcast explores the evolving role of oil in the energy mix. Peter discusses the future of oil in the energy transition, the impact of growing energy demand, and the need to continue investing in production that’s cost- and carbon-competitive to help provide the energy the world needs today. Learn more about The Energy Podcast: https://go.shell.com/3ZfhSvo In 2024, 78.2% of Shell's global investments included oil & gas, 11.37% included low-carbon energy solutions and 10.43% non-energy products. Shell's target is to become a net-zero emissions (NZE) business by 2050. Disclaimers, including NZE target: https://go.shell.com/43Hdnet Cautionary note: https://go.shell.com/43Hdnet #TheEnergyPodcast #energytransition #oil #energy #podcast Chapters 00:00 - Teaser 00:31 - Introduction 02:18 - Meet the guest: Peter Costello 03:30 - Oil today: role in energy & everyday life 06:12 – Future of oil 10:44 – Fact or Fiction: oil myths busted 13:26 – Challenges ahead 18:17 - Wrap-up and reflections