Day of reckoning really has arrived for Big Oil

  • Date: 09-Jun-2021
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Gulf
  • Who else needs to know?

Day of reckoning really has arrived for Big Oil

A few weeks ago, three of the world's largest listed energy corporations were given a kicking of a kind that is destined to change Big Oil forever.

Chevron and Exxon were dealt a harsh lesson by their own investors, while Shell suffered a defeat in a Dutch court that could go down in history as hugely important in the battle against climate change.

In just one day, three Western super-majors were put in their place.