Accela examines transitioning companies using the latest company announcements, scientific research and financial data.
Oil and Gas Majors’ 2024 AGMs: The low-carbon investment gap
Discover how the majors compare in Accela’s Transition League Table
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Shell 1Q24 Results
Shell’s first quarterly result after the release of its 2024 Energy transition Strategy reflects a more conservative approach to capital allocation.
Shell’s strategy is to remain reliant on offsets, questioning the sufficiency of low-carbon levers
Shell’s new transition strategy is better connected to its corporate strategy, but delivers a narrower focus on low-carbon.
TotalEnergies 1Q24 Results
TotalEnergies 1Q24 results showed strong results for its Integrated Power segment, with earnings up 65% and capex accounting for 47% of group net investments.
Equinor 1Q24 results
Equinor 1Q24 result demonstrated strong growth in renewable power production, but more work is needed if it is going to meet its target of > 4000GWh by the end of the year
Eni 1Q24 Results
Eni’s 1Q24 results introduced a new low-carbon segment, with the company now reporting performance by its Plenitude and Enilive business under a unified segment.
Oil and Gas Majors’ 2024 AGMs: The low-carbon investment gap
Accela’s annual pre-AGM in-depth on Global Oil and Gas Majors, assesses the achievability of and the investment needed to meet net carbon intensity targets and launches Accela’s Transition League Table.
Equinor ESG Day 2024
Equinor held its 2024 ESG day on Monday, largely reiterating what we saw during its FY23 results and capital markets day, but with a few major takeaways.
Eni Capital Markets Update 2024
Eni's Capital Markets Day 2024 delivered an upgrade to oil and gas, pushing its peak production year from FY26 to FY30.
Shell’s Energy Transition Update 2024
Shell released its Energy Transition update today. This is the first update on its energy transition plan after the appointment of CEO Wael Sawan.
Eni 4Q23 Results: Highlights risk for transition spend
Eni's Capital Markets Day on March 14th will provide updates on its strategic progress and future targets, with 4Q results highlighting concerns that capex could be at risk after falling short of FY23 guidance.
M&A and the Oil and Gas Endgame
Mergers & acquisitions (M&A) can be an important tool for climate and transition and most companies are staking out their position in the endgame.
Equinor 4Q23: Renewables strategy not moving the dial
Equinor provided several updates for low carbon, but ultimately remains heavily entrenched in oil and gas.
4Q23 Results: TotalEnergies powering ahead
TotalEnergies is in a balancing act, expanding into electricity to adapt to electrification while simultaneously refining its oil and gas operations to stay competitive in a declining industry.
4Q23 result: BP switches focus
4Q23 results provided a first look at Murray Auchincloss’ vision as BP’s new CEO. Auchincloss’ emphasised a ‘simplified’ strategy after a period of ‘generating options’ under previous leadership.
Shell 4Q23: Strategic shift in full swing
FY23 results reflect Shell’s strategic shift towards more conservative capital allocation, scaling back renewables in favour of low-carbon molecules, and increasing shareholder distributions.
Focus on these top engagement topics for the European Majors in 2024
Start your new year with this list of company engagement topics to support your conversations with the European oil and gas majors.
3Q 2023 Results: Shell
3Q23 was a softer quarter for Shell's Renewables and Energy Solutions segment.
3Q 2023 Results: BP
BP had a tougher quarter with 3Q23 underlying profit of $3.3bn post-tax, down -60% on historic 3Q22 highs, driven by gas trading.
3Q 2023 Results: Equinor
Equinor released its 3Q23 results, revealing some headwinds in its renewable segment.
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