Counterplan research of oil firms on continuing expansion of substitute energy for petroleum

The global energy market is undergoing a rapid transformation. Oil and substitute energy are becoming increasingly important due to their great influence on the global economy. Meanwhile, the COVID-19 pandemic has become a significant factor affecting the energy market and global economy. Therefore, the establishment of management strategies for oil companies is becoming increasingly important as substitute energy supply and development expand. For this reason, we present and discuss the counterplan research of oil firms on continuing the expansion of substitute energy for petroleum.