The value in oil and gas companies....

Jan 02, 2022

There is still perceived to be a lot of value in oil and gas companies - which is consistent with the ongoing demand for O&G.

Personally I would like to see a graphic to show how the value of some of these companies has changed over the last 10 years. Saudi Aramco would not have featured in earlier diagrams (because it was not listed) - but I expect the other companies will have shrunk significantly.

I also think it is interesting to note that Shell has spent $3.2bn on clean energy investment since 2016 (an average of $500m per year for a company that is valued at 350 times this) - so is its clean energy investment intended to make a difference - or was it just greenwashing?

(I am not trying to single out Shell - a similar observation could probably be made about most of the companies in the diagram (Shell has probably been picked out because it is one of the biggest spenders and the data is readily available). But if the oil and gas companies are going to be significant instigators of change, and major players in the clean energy sector, they need to be spending more than they do currently to transition their businesses....)

#energy #energytransition #oilandgas #collcuttassociates

https://elements.visualcapitalist.com/the-largest-oil-and-gas-companies-in-the-world/