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chain optimization</div></h3><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_8032924 mdc-u-ts-7 mck-u-links-inline mdc-u-align-undefined mck-c-up__dek"><div class="mdc-o-content-body">For North American downstream oil refineries, now is the time to improve value chain optimization through focused, management-led transformation efforts that could drive margin improvements.</div></div></div></div><div class="mck-c-up__footer"><div data-component="mdc-c-link-container" class="mdc-c-link-container___xefGu_8032924 mdc-c-link-container--display-column___X0HDD_8032924"><a data-component="mdc-c-link" href="/industries/oil-and-gas/our-insights/improving-refinery-margins-through-value-chain-optimization" class="mdc-c-link-cta___NBQVi_8032924" aria-label=""><span class="mdc-c-link__label___Pfqtd_8032924">Read the article</span><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_8032924 mck-link-arrow-right-icon"></span></a></div></div></div></div></div><div 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it will be further enabled by continued growth in investment in green technologies.</div></div></div></div></div><div class="mdc-u-grid mdc-u-grid-gutter-lg mdc-u-grid-col-sm-1 mdc-u-grid--align-start GenericItem_mck-c-generic-item__sGwKL GenericItem_mck-c-generic-item--with-hover-effect__hmVy2 GenericItem_mck-c-generic-item--1by4__vpFeq"><div class="GenericItem_mck-c-generic-item__image__F_tIc"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/our-insights/the-ai-enabled-utility-rewiring-to-win-in-the-energy-transition" class="mdc-c-link___lBbY1_8032924"><picture data-component="mdc-c-picture"><source media="(min-width: 768px)" srcSet="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/the%20ai%20enabled%20utility%20rewiring%20to%20win%20in%20the%20energy%20transition/insights_power-gas_thumb_1536x1536.jpg?cq=50&amp;mw=767&amp;car=16:9&amp;cpy=Center"/><source media="(min-width: 1180px)" srcSet="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/the%20ai%20enabled%20utility%20rewiring%20to%20win%20in%20the%20energy%20transition/insights_power-gas_thumb_1536x1536.jpg?cq=50&amp;mw=767&amp;car=16:9&amp;cpy=Center"/><img alt="The AI-enabled utility: Rewiring to win in the energy transition" src="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/the%20ai%20enabled%20utility%20rewiring%20to%20win%20in%20the%20energy%20transition/insights_power-gas_thumb_1536x1536.jpg?cq=50&amp;mw=767&amp;car=16:9&amp;cpy=Center" loading="lazy"/></picture></a></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_8032924 mdc-u-grid-gutter-xs GenericItem_mck-c-generic-item__content__gq1m0"><div class="mck-c-eyebrow mdc-u-ts-10"><span>Collection</span></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_8032924"><h3 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_8032924 mdc-u-ts-5"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/our-insights/the-ai-enabled-utility-rewiring-to-win-in-the-energy-transition" class="mdc-c-link-heading___Zggl8_8032924 mdc-c-link-heading--with-icon___ssPll_8032924 mdc-c-link___lBbY1_8032924"><span>The AI-enabled utility: Rewiring to win in the energy transition</span></a><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_8032924 mck-arrow-right-fat-icon mdc-u-ts-8 mdc-c-heading__icon___TbFKK_8032924"></span></h3><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_8032924 mdc-u-ts-7"><div class="mck-u-links-inline mck-c-generic-item__description">AI and other digital technologies can help make processes faster and more efficient, incorporate more data into decision making, and lead to higher-quality outcomes internally and externally.</div></div></div></div></div><div class="mdc-u-grid mdc-u-grid-gutter-lg mdc-u-grid-col-sm-1 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srcSet="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/a%20more%20orderly%20transition%20navigating%20energy%20in%202023/a-more-orderly-jpg_energy-in-2023_1536x1536.jpg?cq=50&amp;mw=767&amp;car=16:9&amp;cpy=Center"/><img alt="A more orderly transition: Navigating energy in 2023" src="/~/media/mckinsey/industries/electric%20power%20and%20natural%20gas/our%20insights/a%20more%20orderly%20transition%20navigating%20energy%20in%202023/a-more-orderly-jpg_energy-in-2023_1536x1536.jpg?cq=50&amp;mw=767&amp;car=16:9&amp;cpy=Center" loading="lazy"/></picture></a></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_8032924 mdc-u-grid-gutter-xs GenericItem_mck-c-generic-item__content__gq1m0"><div class="mck-c-eyebrow mdc-u-ts-10"><span>Collection</span></div><div data-component="mdc-c-content-block" class="mdc-c-content-block___7p6Lu_8032924"><h3 data-component="mdc-c-heading" class="mdc-c-heading___0fM1W_8032924 mdc-u-ts-5"><a data-component="mdc-c-link" href="/industries/electric-power-and-natural-gas/our-insights/a-more-orderly-transition-navigating-energy-in-2023" class="mdc-c-link-heading___Zggl8_8032924 mdc-c-link-heading--with-icon___ssPll_8032924 mdc-c-link___lBbY1_8032924"><span>A more orderly transition: Navigating energy in 2023</span></a><span data-component="mdc-c-icon" class="mdc-c-icon___oi7ef_8032924 mck-arrow-right-fat-icon mdc-u-ts-8 mdc-c-heading__icon___TbFKK_8032924"></span></h3><div data-component="mdc-c-description" class="mdc-c-description___SrnQP_8032924 mdc-u-ts-7"><div class="mck-u-links-inline mck-c-generic-item__description">This summer edition compendium collects ten articles from the first half of 2023 on the most important findings for the future of the energy transition.</div></div></div></div></div></div></div></div></div><div data-component="mdc-c-module-wrapper" data-module-theme="light" data-module-background="white" data-module-category="StandalonePromo" 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