In 2022, major oil and gas corporations worldwide prioritized enhancing shareholder dividends and reducing debt compared to previous years. Additionally, 47 percent of profits were allocated to oil and gas capital expenditure that same year. Meanwhile, spending on clean energy sources amounted to merely one percent.
Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022
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Visual Capitalist. (December 15, 2023). Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022 [Graph]. In Statista. Retrieved January 17, 2025, from https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed
Visual Capitalist. "Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022 ." Chart. December 15, 2023. Statista. Accessed January 17, 2025. https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed
Visual Capitalist. (2023). Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022 . Statista. Statista Inc.. Accessed: January 17, 2025. https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed
Visual Capitalist. "Distribution of Cash Spending of Major Oil and Gas Companies Worldwide from 2015 to 2022 ." Statista, Statista Inc., 15 Dec 2023, https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed
Visual Capitalist, Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022 Statista, https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed (last visited January 17, 2025)
Distribution of cash spending of major oil and gas companies worldwide from 2015 to 2022 [Graph], Visual Capitalist, December 15, 2023. [Online]. Available: https://www.statista.com/statistics/1450707/global-spending-distribution-major-oil-companies/?__sso_cookie_checker=failed
