Oil & Money Conference Highlights the Challenge for CEOs in the Climate Fight

The video discusses the challenges faced by the energy industry in addressing climate change, focusing on the pressure to define their long-term role in the energy mix. It highlights the debate among investors about whether oil companies should transition to renewables or stick to their core oil and gas business. The video also examines the compatibility of major oil companies' capital expenditures with the Paris climate accords, revealing significant discrepancies. Finally, it explores the transatlantic divide in energy strategies, with European companies like Shell investing in power, while US majors focus on oil and gas.

What is the main challenge faced by oil and gas companies in the context of climate change?

• Deciding whether to invest in renewable energy

• Increasing oil production

• Reducing operational costs

• Expanding into new geographical markets

According to Bloomberg, what percentage of BP's capital expenditure is not compatible with the Paris climate accords?

• 50%

• 17%

• 36%

• 25%

Which company has a higher percentage of capital expenditure not aligned with the Paris climate goals?

• Shell

• Exxon

• Chevron

• BP

What strategic shift are European oil companies like Shell making?

• Diversifying into power

• Investing in coal

• Focusing solely on oil and gas

• Exiting the energy market

How are US oil companies like Exxon responding to the energy transition?

• By increasing their focus on oil and gas

• By exiting the oil market

• By reducing their oil production

• By investing heavily in renewables