Strategies of the Russian Oil and Gas Companies at the Era of Energy Transition

Exacerbating climatic change accelerates the formation of ESG national regulatory approaches and development non-financial reporting, stimulating new green financing mechanisms both abroad in Russia. Russian oil gas companies, particularly Lukoil, Rosneft, Tatneft, demonstrate strengthening environmental social components their reports, administration restructures, improved corporate documentation concerning principles sustainable development. Due to features market approaches, European companies are more ambitious regarding pace energy transition updating agenda at all operating levels.The article compares strategies (Shell, Eni, Totlenergies) (Lukoil, Tatneft) transition. The case selection is based on positive financial indicators companies’ progress sustainability rankings, such as ACRA, WFF Russia, CDP, TPI. In conclusion, identifies following priority strategies: digitalization a way reducing emissions; an increase share business; renewable sources; optimization internal structure; adding leadership’s KPI; requirements for contractors.