The first Quarter of 2021 saw a significant bounce-back for pandemic-hit oil majors as earnings increased and debt was reduced. Investments in renewable and low-carbon technologies appears to be the focus for the future.
Oil and automotive industries are heading towards carbon neutrality through major changes and carbon offset.
The oil majors continue to suffer as the impact of the COVID Pandemic and reduced oil demand took their toll on 2020, although some still managed to show profitability.
BP and Shell weather the storm ahead of other oil majors.
BP has released a report which examines possible developments in global energy to 2050.
A Castrol report reveals the 'tipping points' for mainstream adoption of electric vehicles while global development of EVs continues.
Q2 figures for oil majors demonstrate the full impact of the COVID pandemic as profits plummet.
BP has agreed to sell its global petrochemicals business to INEOS.
Oil majors have had to weather rockbottom demand and prices as a result of Covid-19
The American Chemical Council, working with the API and chemical manufacturers, is rising to the supply chain challenges created by the pandemic, including a new emergency protocol for interchanging additives.