Oil Majors Vie For Market Share Amid Growing Climate Concerns
Zacks Investment Research | Mar 13, 2018 09:22PM ET
After misleading shareholders, politicians and the public regarding the risks of global warming from the usage of fossil fuel products like oil, natural gas and coal, major energy companies are under pressure to find ways to reduce it.
Concerns about climate change and extreme weather events such as hurricanes, wildfires and droughts are on the rise. According to scientists, these calamities are a result of global warming. These factors are compelling oil companies to add low-carbon products and services to their businesses.
Moreover, cities including New York City and San Francisco are suing oil majors like Chevron Corporation (NYSE:CVX) , ConocoPhillips (NYSE:COP) , ExxonMobil Corporation (NYSE:XOM) , Royal Dutch Shell (LON:RDSa) plc Zacks Investment Research
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