Thts bs .
O&G will be here for at least 100 years to come.
Sure, cars are transitioning to EV.
But what about cargo ships and aircraft ?
They all will rely on O&G for a long time to come.

And you know what need O&G industry ?

Medicine . As sulfur is mostly derived from refining crude oil these days.

Asphalt . Your road need tar which is the crud from refining crude oil..

Lubricants. Also comes from refining crude oil. Even EV needs them.

As global shipping becomes more in developing countries , there will be demand for fuel to power cargo ships.