The Empire Strikes Back: Return of Oil and Gas Dominance for U.S. Integrated Energy
5 min readIntroduction Earlier this year, European oil majors BP and Shell announced that they would roll back their energy transition plans and keep oil and gas as relatively large parts of their portfolio. In October 2023, their American counterparts Exxon Mobil and Chevron doubled down on a collective $115 billion bet on fossil fuels. Exxon Mobil…