Big Oil’s Green Retreat Marks First Investment Decline Since 2017

The world’s top oil and gas companies slashed investments in green energy in 2025 from a year earlier, for the first decline in their spending on low-carbon energy solutions since 2017, a new report by BloombergNEF showed on Wednesday. Last year, the largest oil and gas firms slashed investments in green energy by more than one-third: to $25.7 billion, down from $38.2 billion in 2024, the report found. The supermajors are now prioritizing their core oil and gas operations which are more profitable than renewables, while regulatory…