Cross currents: Big oil and the energy transition

S&P GLOBAL PLATTS | Well before the oil price rout caused by the coronavirus pandemic, commentators and shareholders were calling on Big Oil to make step-out energy transition acquisitions. Now, with economies in lockdown and corporates fighting to survive, the oil sector’s incremental move into new energy looks over-cautious. As the value of their fossil fuel assets tumbles, the coronavirus lays bare these companies’ exposure to a world of massively smaller oil and gas demand, offering a glimpse of the EV revolution to come.


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