The main values of SPE are providing our members with the latest advancements in all petroleum engineering technical disciplines and enabling professional development throughout their careers from university until retirement. This is achieved through the programs and services SPE offers to us, members, and evolves with the industry and technology. That necessitates that the SPE Board of Directors update the Society’s Strategic Plan as needed. Recently, updating the Strategic Plan has been done about every 5 years. The last exercise to that effect started in June 2022, and the final version was approved during the most recent Board meeting in January 2023. We engaged a consultant to help guide us through the process, and reached out to members in many ways to gather their feedback on challenges and future directions: - One-on-one virtual interviews with members of the SPE Foundation Board of Trustees, members, and chairs of SPE committees, industry members/key sponsors, academia, and SPE section leaders - Focus groups with members including past presidents, advisory councils, young professionals, and academicians - SPE Connect General Discussion community where questions were posted for member feedback - Online survey with mostly open-ended questions that was advertised to all members through JPT, monthly and publication newsletters, and on SPE.org - Session at ATCE where attendees could ask questions and make comments Here are the main results of this work. The entire Strategic Plan can be found here. The core purpose of SPE is to provide shared expertise, resources, and lifelong learning opportunities to fuel the success of our members and the future of the industry. Our mission is to connect a global community of engineers, scientists, and related energy professionals to exchange knowledge, innovate, and advance their technical and professional competence regarding the exploration, development, and production of oil and gas and related energy resources to achieve a safe, secure, and sustainable energy future. SPE is committed to these core values: - Technical Excellence and Professionalism—committed to innovation, lifelong learning, and the highest standards of professional conduct and expertise - Member Focus—consistently provide accessible, relevant resources to help members thrive in the ever-evolving energy industry - Global Scale and Local Relevance—leverage insights and resources to better serve members’ needs both globally and locally - Collaboration—dedicated to knowledge dissemination and exchange to solve complex problems through internal and external networking and volunteer opportunities - Diversity and Inclusion—a community that embraces diversity and inclusion as essential to the success of our industry and society - Environmental and Social Stewardship—leadership to achieve a safe, secure, and sustainable energy future SPE’s vision is to advance the oil- and gas-producing and related energy communities’ ability to meet the world’s energy needs in a safe, secure, and sustainable manner.