Asija, AmanImbusch, Maximilian Konstantin Vom Felde Genannt2024-11-152024-11-152024-01-082024-01-08http://hdl.handle.net/10362/175261This thesis investigates the adoption of low-carbon strategies by European oil and gas companies, integrating a path dependency perspective. Adopting this view is motivated by the interest of identifying factors that drive and delay transformation processes. Referencing annual reports, academic publications and analyst reports, numerous drivers and barriers could be identified, highlighting decisive internal and external influences on the adoption of decarbonization strategies. The findings reveal persistent lock-in effects hindering the shift from traditional fossil fuel business models. The study concludes with a few strategic recommendations, emphasizing the enormous challenge of steering major GHG emitters toward low-carbon practices.engCorporate strategyDriversBarriersOil and gas industryEnergy transitionmaster thesis203601963