Energy_Transition

'Significant challenges and uncertainties': Ratings downgrades for oil majors could bring spin-offs and deter green investment

Western and Chinese oil majors face potential S&P credit-rating downgrades within weeks amid concerns about heightened risks from the energy transition

Heightened risks: S&P has warned Chevron, ExxonMobil, Shell and Total that they face possible downgrades to their credit ratings, while BP's outlook was revised to 'negative'.
Heightened risks: S&P has warned Chevron, ExxonMobil, Shell and Total that they face possible downgrades to their credit ratings, while BP's outlook was revised to 'negative'.Photo: REUTERS/SCANPIX
  • Rob Watts
London
ShellExxonMobilChevronWoodside EnergyCNR
Published 1 February 2021, 11:42Updated 2 February 2021, 14:56