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A fragmenting political order

Geopolitical competition is creating a more difficult global environment and complicating energy markets, trade flows, investment decisions, technology choices, and energy transition. Conflicts in Ukraine and the Middle East are raising risks and highlighting growing worldwide divisions. Rivalries, particularly between the U.S. and China, are reshaping international politics and economic relations and are complicating efforts to address critical global issues. Companies face increasing challenges in navigating this complex geopolitical terrain and preparing for new challenges.