Energy

Energy sits at the center of global industry, national security, public policy, consumer costs, economic growth, and capital investment. It is also one of the most complex sectors to interpret because value is created through a combination of market exposure, asset quality, logistics, regulation, capital discipline, commercial decisions, and operational execution.

23.5 Strategies advises clients across the energy value chain, including oil and gas, downstream, renewable fuels, low-carbon fuels, fuels marketing, logistics, energy infrastructure, supply, pricing, commercial operations, and market strategy.

The firm approaches energy as a system rather than a slogan. Production, refining, infrastructure, distribution, customers, policy, capital markets, and final demand all interact. Strategic decisions must account for commodity cycles, physical constraints, investment timing, regulatory exposure, customer economics, and execution risk.

23.5 helps clients answer practical questions: Where is value actually created? Where is margin leaking? Which markets are structurally attractive? Which assets deserve capital? Which opportunities are commercially viable? Which strategic narratives are overstated? Which energy transition opportunities are scalable, investable, and operationally realistic?

The firm's view is grounded in the reality that energy is undergoing an evolution, not a simple replacement cycle. The global economy will require a broader mix of solutions, including oil and gas, renewables, renewable fuels, infrastructure, storage, power, logistics, and emissions-reduction strategies that are economically durable and executable.