To better understand the differences between reality and perception around oil and gas, EY conducted a nationwide poll of more than 1,200 consumers and 100 industry executives in the US. In part, the study looked at how consumer views of oil and gas – across several generations – impacts their interest in working in the oil and gas industry.

1. Regenerating this
generation’s view of
oil and gas
Webcast slides; 20 June 2017

2. 2 | Regenerating this generation’s view of oil and gas
Moderator
George Brooks
EY Americas People Advisory Services Leader
Join the Twitter discussion: #EYperceptions

3. 3 | Regenerating this generation’s view of oil and gas
► Perceptions matter
► A career divide
► What needs to be done
Agenda
#EYperceptionsJoin the Twitter discussion:

4. 4 | Regenerating this generation’s view of oil and gas
Presenters
Deborah Byers
Partner, US Energy Leader
Ernst & Young LLP
Rachel Everaard
Principal, Oil & Gas People Advisory Services
Ernst & Young LLP
Bill Hale
Principal, Oil & Gas Advisory Performance Improvement
Ernst & Young LLP

5. 5 | Regenerating this generation’s view of oil and gas
Perceptions matter
Why they matter
Future of
operations
Future of
demand
Future of
work
The perceptions of the oil and gas industry are creating
powerful disincentives for younger generations.

6. 6 | Regenerating this generation’s view of oil and gas
Perceptions matter
Reasons for perceptions of oil versus natural gas
Top three reasons for oil
Positive Negative
We need it/depend on it/runs the
world
24% Bad for the environment 43%
Good/feel positive (general) 23% Expensive/costs too much 18%
Low prices 7% Greedy 16%
Top three reasons for natural gas
Positive Negative
Clean/burns clean 21% Bad for the environment 31%
Good/not heard anything negative
(general)
20% Fracking 20%
Affordable 13% Not safe/can cause explosions 19%

7. 7 | Regenerating this generation’s view of oil and gas
Perceptions matter
Oil and gas as the primary source of energy for the future
21%
14%
78%
58%
1%
29%
Executives
Total
Oil and gas should be the primary sources of energy in our lives
Oil and gas should be the primary sources of energy in our lives
until cleaner energy can replace them
Oil and gas should not be the primary sources of energy in our
lives

8. 8 | Regenerating this generation’s view of oil and gas
Perceptions matter
Generations expectations for fuel
71%
of teens believe
renewable fuels
such as solar
and wind are the
fuels of their
generation.
56%
of teens believe
oil and gas are
the fuels of their
parents’
generation.
59%
of teens believe
coal is the fuel of
their
grandparents’
generation.

9. 9 | Regenerating this generation’s view of oil and gas
A career divide
Appeal of jobs in oil and gas
18%
6%
26%
20%
11%
13%
21%
23%
23%
39%
Millennials
20–35
Gen Z
16–19
Very appealing Somewhat appealing I’m not sure
Somewhat unappealing Very unappealing

10. 10 | Regenerating this generation’s view of oil and gas
51% 51%
28%
57%
48%
39%
Salary A good work-life balance Job stability
A career divide
Most important career considerations
8% 10%
13%15%
11% 9%
The opportunity to try
new roles
The opportunity to use
the newest and most
innovative technology
Working in a field that is
welcoming to women
and minorities
Respondents with career path not set
Gen Z: ages 16 to 19 Millennials: ages 20 to 35

11. 11 | Regenerating this generation’s view of oil and gas
40% 36% 40%
58% 53%
30%
65% 53%
16%
Provides long-term
financial stability
Jobs of the future Requires little or no
education
A career divide
Describing the typical oil and gas job
74% 74% 63%73% 72% 71%57% 66%
91%
Dangerous Physically demanding Uses advanced
technology
Teens: ages 16 to 18 Adults: ages 19 to 35 Executives
Showing % saying applies

12. 12 | Regenerating this generation’s view of oil and gas
A gender divide
Gender differences
24%
54%
39%
16%
7%
12%
60%
39%
49%
Young
women
Young
men
Total
(ages
16–35)
Appealing I’m not sure Unappealing

13. 13 | Regenerating this generation’s view of oil and gas
81% of executives agree
the industry will need to
develop an educated, highly
skilled workforce over the
next ten years, in contrast to
a mass workforce.

14. 14 | Regenerating this generation’s view of oil and gas
What technology do executives think about
and what drives adoption?
Front-end processes dominate new technology in the minds of executives as
opposed to back-office processes (optimization of repetitive processes).
64%
30%
6%
Break the volatility
cycle: minimize
staffing volatility
and narrow your
future talent pool
needs by adopting
technology
Both equally
More about back-office processes
More about front-end processes

15. 15 | Regenerating this generation’s view of oil and gas
► How can we regenerate this
generation’s view of oil and
gas?
► How can oil and gas fuel
tomorrow as well as today?
► Frontiers
► Connect with us
► ey.com/oilandgas/perceptions
► Global Oil & Gas
► @EY_OilGas
Resources

16. 16 | Regenerating this generation’s view of oil and gas
Contact us
Deborah Byers
+1 713 750 8138
deborah.byers@ey.com
George Brooks
+1 212 773 8237
george.brooks@ey.com
Rachel Everaard
+1 713 750 8294
rachel.everaard@ey.com
Bill Hale
+1 713 750 8383
bill.hale@ey.com
@EY_Webcasts and @EY_OilGasFollow us on Twitter:

17. 17 | Regenerating this generation’s view of oil and gas
Disclaimer
► This presentation is provided solely for the purpose of enhancing knowledge
on tax matters. It does not provide tax advice to any taxpayer because it does
not take into account any specific taxpayer’s facts and circumstances.
► These slides are for educational purposes only and are not intended, and
should not be relied upon, as accounting advice.
► The views expressed by the presenters are not necessarily those of
Ernst & Young LLP.
► This presentation is © 2017 Ernst & Young LLP. All Rights Reserved.
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