Reshaping of the oil & gas industry
Reshaping of the Oil & Gas Industry
Could recent oil-price shocks accelerate a reshaping of the oil & gas industry #postCovid19? With the climate crisis looming behind the immediate headlines, some industry players could see the value in stepping up investments toward a green transition. Companies with a higher percentage of low-carbon patents already in their R&D pipeline might have a head start.
Some oil & gas companies have dedicated more R&D to green technologies than others
POST #6 – Footnotes
Source: MSCI ESG Research
The chart shows integrated oil & gas companies that were constituents of the MSCI ACWI Index as of April 30, 2020, with the total number of patents filed by each company in the last five years and the percentage of those patents that were for green technologies. Patent data is from the European Patent Database. The potential uses of this data are discussed at greater length in our 2020 ESG Trends to Watch.