Tag Archives: British Petroleum Co. (BP)

Big Oil Wants a Piece of the Electric Vehicle Pie

Although electric vehicles (EVs) may appear to be the last thing the oil and gas industry would desire, energy firms are investing heavily in EV technologies, not wanting to miss out on new energy transition opportunities. The likes of Shell, TotalEnergies, ExxonMobil, Equinor, and BP are all backing EV projects …

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Big Oil’s Spending Plans for 2022

The global upstream sector is set for a rebound next year, when overall investment in exploration and production is expected to exceed $400 billion for the first time in three years. Yet, despite record high cash flows and oil at over $70 a barrel, reinvestment rates will stay at near …

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