Oil Companies Investing In Renewable Energy

From oil gas to solar renewable power your portfolio may benefit from energy investments.

Oil companies investing in renewable energy. 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. 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.

Formerly known as the british petroleum company it rebranded to beyond petroleum in 2001 with a look towards other energy sources beyond oil. Well the obvious answer is don t invest in oil stocks. Bp was the first oil major to commit significant capital to renewable projects such as wind and solar from 1980 onwards. And that means some oil companies are slowly becoming renewable energy companies.

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 investments in renewable energy projects bp. Oil companies around the world have been investing in renewables for some time now but in 2019 shell bp and chevron look to be upping the pace credit. Instead the time may finally be right to put your money into renewable energy stocks.

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. 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.