Oil and gas supermajors’ low carbon spending not correlated to lower shareholder returns -analysis

Published 22:42 on November 21, 2025 / Last updated at 22:42 on November 21, 2025 / / Americas (US & Canada), EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels)

Carbon Pulse PremiumNet Zero Pulse

A recent analysis by the energy research and intelligence firm Rystad Energy finds that, contrary to popular belief, oil and gas majors’ low carbon spending does not correlate to lower shareholder return.
A recent analysis by the energy research and intelligence firm Rystad Energy finds that, contrary to popular belief, oil and gas majors’ low carbon spending does not correlate to lower shareholder return.


A subscription is required to read this content. Subscribe today to Carbon Pulse Premium or Net Zero Pulse to access our unrivalled news and intelligence, as well as other content including all job listings. Click here for details.

We offer a FREE TRIAL to each of our subscription services and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.