Oil Majors Under Pressure Amid Virus

The video discusses the significant write-downs by major oil companies due to the pandemic's impact on oil demand and prices. It highlights how European companies are adjusting their strategies towards low-carbon fuels, while US companies lag behind. Investors are concerned about the long-term price assumptions and climate change commitments of US oil giants like Exxon and Chevron.

What factors have led to the writedowns from oil companies during the pandemic?

In what ways have oil companies had to 'reimagine' their business strategies in light of changing market conditions?

What long-term price assumption did BP and Shell adjust, and why is this significant?

How have European oil companies responded to climate change compared to U.S. oil companies?

What role do major U.S. investors play in assessing the seriousness of companies like Exxon and Chevron regarding climate change?