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HSBC Slashes Oil and Gas Financing
Market Intelligence Analysis
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Why This Matters
HSBC is shifting its focus away from oil and gas financing, with a reduced emphasis on the sector in its energy portfolio, as the bank prioritizes new energy opportunities and sustainability goals.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Financing and deals with oil and gas companies will have a materially lower share in the energy portfolio of HSBC as new energy opportunities arise, the banking giant’s chief sustainability officer, Julian Wentzel, told Bloomberg in an interview on Thursday. The UK-based banking group unveiled today its updated Net Zero Transition Plan, in which it eased the interim emissions targets for its oil and gas portfolio. The 2030 emission reduction target is now to reduce emissions in its business with the oil and gas sector…
Original article published by
OilPrice.com
on November 6, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.