The energy transition toward renewable energy sources occurs in the context of climate change, which has led to an increase in the frequency and intensity of extreme weather events due to global warming. This transition process involves replacing fossil energy sources with renewable alternatives, aiming to reduce greenhouse gas emissions, which are responsible for the rise in the planet s average temperature. For the oil and gas industry, including companies in the subsea market, the energy transition presents significant strategic opportunities and challenges in adapting to this new scenario. Every energy transition encompasses aspects related to innovation, effective public policies, and adequate financing to support new projects and infrastructure. In this context, the objective of this study is to identify, categorize, and compare the energy transition strategies of companies in the subsea market. A qualitative and descriptive methodology was adopted, including interviews with experts, as well as sector and annual reports from five of the most relevant companies in the subsea market. The study concludes that it is possible to observe the strategies of these companies within the categories of Low-Carbon and Oil and Gas Expansion, Consistent Low-Carbon, and Renewables Leadership. Additionally, several macroenvironmental factors were identified that influence the strategic decisions of these companies, either facilitating or hindering the energy transition process.