Oil and Gas Majors Slash Green Investments for First Time Since 2017

Global energy giants have reduced spending on low-carbon technologies by over a third in the past year, marking the first decline since 2017. The shift signals a strategic retreat from climate-focused capital allocation amid volatile markets and pricing pressures.

• Spending on low-carbon technologies by oil and gas majors fell by more than a third over the past year
• The decline marks the first reduction since 2017
• Companies are shifting focus from green investments to near-term profitability
• Energy equities like XOM and CVX may see short-term benefits
• The move could delay progress on the energy transition
• Market volatility, reflected in CL=F and ^VIX, is influencing capital allocation decisions