Only Middle Eastern companies were planning to increase investments in fossil fuels in 2022 compared with 2019
Change in investment of groups of oil and gas companies between 2019 and 2022
Investment
in traditional oil and gas activities
Investment
in clean technologies
−16
−14
−12
−10
−8
−6
−4
−2
0
2
4
6
8
10
12
14
Middle East NOCs
5
0
European majors
−15
14
Russian companies
−3
0
Chinese NOCs
−8
0
Other NOCs
−10
3
US majors
−15
1
Independents
−16
0
GlobalData
