The year 2025 sees the oil and gas industry reap the benefits of stability and financial discipline achieved the year prior. One of the defining characteristics of 2024 was the remarkable stability in crude oil prices. Brent crude oil prices fluctuated in a narrow range of $74 to $90 per barrel, making it one of the most stable years for the market in decades. This was achieved against the backdrop of controlled OPEC+ supply, geopolitical tensions, and variable global demand. Financially, the industry exhibited robust health, distributing nearly $213 billion in dividends and executing $136 billion in stock buybacks by mid-November 2024. Capital expenditures rose by 53% over the last four years, while net profits increased by 16%. The oilfield services sector also enjoyed its strongest performance in over three decades, reflecting the industry’s focus on efficiency and high-return investments. While traditional oil and gas operations remained central, there was a clear shift toward low-carbon technology investments. Companies are increasingly allocating resources to renewable energy projects and carbon capture initiatives, positioning themselves as leaders in the global energy transition. These efforts aim to mitigate risks associated with fossil fuel reliance while aligning with broader sustainability goals. As 2025 unfolds, several factors are expected to shape the industry’s trajectory. Interest rate cuts, projected to total 150 basis points through 2025 and 2026, could alleviate some macroeconomic uncertainty and boost investment activity. Meanwhile, changes in energy policies under a new US administration could influence global trade flows and industry strategies. OPEC+ production cuts and potential geopolitical disruptions remain uncertainties, but the industry’s focus on capital discipline and technology-driven efficiency is expected to ensure resilience. So what else can professionals expect? For one, digital tools will continue to grow in importance. Another will be the expansion in oilfield services.