The Rising Influence of Rising Affluence

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CVX - A cautious approach towards legacy energy like that of RDS with no expressed strategy towards renewables. What they can do though in the meanwhile is use renewables to reduce opex at existing production operations where it can be done cheaply. Places like W Texas and central California. That would be the sensible toe in the water way to transition. IMO legacy companies would be unwise to take on anything that cannot match or beat shale cost/barrel because NG prices are pointing to lower oil prices over the long term.

https://www.bloomberg.com/news/articles/2020-02-21/chevron-s-future-growth-prospects-dwindle-with-reserves-decline