Low-carbon investment share of selected oil companies 2018-2021

British multinational oil supermajor BP is expected to spend some 4.1 percent of gross estimated capital expenditure on low-carbon energies in 2020. This was the lowest percentage among oil companies listed. BP aims to become carbon neutral by 2050, but has yet to announce an interim goal.

Share of gross estimated capital expenditure on low-carbon energy of selected oil companies from 2018 to 2021*

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Sources

Release date

June 2020

Region

Worldwide

Survey time period

2018 to 2019

Supplementary notes

* Low-carbon activities including gas and retail, petrochemicals, biofuels, renewables, and sequestration.
** Forecast.

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Statistics on "Big Oil"

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