Energy transition could push oil majors to sell or swap oil and gas assets of more than $100bn

Energy transition could push oil majors to sell or swap oil and gas assets of more than $100bn

OSLO — The global energy market is on the brink of a major transition to cleaner sources of energy. To adjust and transform, the world's largest oil and gas firms are revising their long-term oil price and demand outlook, and need to streamline their portfolios significantly to improve cash flow, cost efficiency and competitiveness. As a result, several billions of dollars in assets are about to change hands.A Rystad Energy study of the geographical spread of ExxonMobil, BP, Shell, Total, Eni, Chevron, ConocoPhillips and Equinor — which we call “Majors+” — reveals that to