A Reality Check on Big Oil's Energy Transition Challenges

Europe's major oil companies are revising their interim emission reduction targets, emphasizing returns to shareholders over aggressive emission cuts. Shell (SHEL) and BP (BP) have both adjusted their targets, citing the need to prioritize cash flow amid market uncertainties. While they remain committed to net zero by 2050, their 2030 targets now reflect a more conservative approach, signaling a shift in focus.Balancing Profitability Over SustainabilityThe energy crisis and geopolitical tensions have highli ...