Climate Change Is Forcing Building Materials of Cities to Evolve bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Top 10 Oil and Gas Stocks to Invest In
The COVID-19 crisis clobbered the oil and gas industry. The industry that was already going through major changes amid price volatility and global shift to renewable energy saw billions of dollars disappear in value within a matter of weeks after the pandemic. According to energy consultant Wood Mackenzie, the global investment in oil and gas production is forecasted to remain below pre-pandemic levels until 2025. In 2020, oil and gas firms made up only 2.3% of the S&P 500, down from 15% in 2008. In the same year, S&P Dow Jones Indices reported the most significant revisions in the index in seven years where Salesforce.com, Inc. (NYSE:CRM) replaced the longest-serving component, Exxon Mobil Corporation (NYSE:XOM), which has been in the Dow since 1982. During the pandemic, the global oil demand decreased by up to 30 million barrels per day. In the United States alone, oil output dropped by approximately 2 million barrels per day, the largest mon
Chevron Corp on Thursday said it had launched a $300 million fund focused on low-carbon technology, as traditional global oil and gas firms attempt to invest more in green energy and tackle climate change.
Chevron launches $300 million fund to focus on low-carbon technology oilandgas360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgas360.com Daily Mail and Mail on Sunday newspapers.