The role of oil in the energy mix: today and in the future
Update: 2025-11-18
Description
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 about Shell’s oil and gas activities
Learn more about The Energy Podcast
The Energy Podcast is a Starstruck Media production for Shell.
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