Oil Companies Investing In Renewable Energy

And that means some oil companies are slowly becoming renewable energy companies.

Oil companies investing in renewable energy.

Bp was the first oil major to commit significant capital to renewable projects such as wind and solar from 1980 onwards. Eni the italian multinational oil and gas company has communicated a concrete vision to invest in order to grow its renewable energy activities in the long term and ensure the company s ability to adapt to a low carbon future 44. The evaluation of. Investing in the energy sector can be complex since the industry spans from companies that drill for oil to renewable businesses which focus on wind and solar power generation.

Well the obvious answer is don t invest in oil stocks. Get a list of the most promising stocks in the energy sector. The good news is that some of the world s largest oil and gas producers are investing billions in renewable energy assets from offshore wind farms to solar energy to next generation batteries. Major oil companies are poised to do a record number of clean energy deals this year with royal dutch shell plc leading a group of european companies that are well ahead of their u s.

From oil gas to solar renewable power your portfolio may benefit from energy investments. Total is the undisputed king of oil and gas producers investing in clean energy and low carbon technologies even starting a venture capital fund that has spent 160 million to date in about 20. Stocksnap pixabay three of the world s biggest oil companies are investing collective billions into renewables in 2019 highlighting what could be the start of a genuine shift towards clean power on the part of the industry s most established players. Major oil companies investments in renewable energy projects bp.

The three oil stocks becoming renewable energy stocks that we re watching are total valero energy and clean. That s true even though shares of renewables have.