Top Oil Companies Sharply Slow Search for New Fossil Fuels

Top Oil Companies Sharply Slow Search for New Fossil Fuels
Oil pumpjacks at the Huntington Beach Oil Fields in Huntington Beach, Calif., on April 20, 2020. Mario Tama/Getty Images
Harry Lee
Updated:

The top five Western oil and gas companies sharply slowed the search for new fossil fuel resources last year, data from Oslo-based consultancy Rystad Energy show.

The five companies are Royal Dutch Shell, BP (British Petroleum), France’s Total, ExxonMobil, and Chevron.