Oil Companies Investing In Renewable Energy

The three oil stocks becoming renewable energy stocks that we re watching are total valero energy and clean.

Oil companies investing in renewable energy.

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. 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. 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. Formerly known as the british petroleum company it rebranded to beyond petroleum in 2001 with a look towards other energy sources beyond oil.

That s true even though shares of renewables have. 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. And that means some oil companies are slowly becoming renewable energy companies. Well the obvious answer is don t invest in oil stocks.

Get a list of the most promising stocks in the energy sector. 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. Major oil companies investments in renewable energy projects bp. Instead the time may finally be right to put your money into renewable energy stocks.

Bp was the first oil major to commit significant capital to renewable projects such as wind and solar from 1980 onwards. 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.