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Citing competition from renewables, S&P warns oil and gas companies of downgrade - Bulletin of the Atomic Scientists

Citing competition from renewables, S&P warns oil and gas companies of downgrade Image courtesy of Pixabay It appears here as part of the   collaboration. Rating agency Standard & Poor (S&P) has warned 13 oil and gas companies, including the some of the world’s biggest, that it may downgrade them within weeks because of increasing competition from renewable energy. On notice of a possible downgrade are Australia’s Woodside Petroleum as well as multinationals Chevron, Exxon Mobil, Imperial Oil, Royal Dutch Shell, Shell Energy North America, Canadian Natural Resources, ConocoPhillips and French group Total. S&P said it was also considering downgrading four large Chinese producers China Petrochemical Corp, China Petroleum & Chemical Corp, China National Offshore Oil Corp and CNOOC.

Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam

TIMELINE-Tension between China and Australia over commodities trade

TIMELINE-Tension between China and Australia over commodities trade
agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.

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