The world’s largest oil and gas companies have cut their investments in energy transition technologies by more than a third, marking the first annual decline in eight years, according to a BloombergNEF report.
Global oil giants have drastically decreased their investments in energy transition technologies for 2025, as detailed in a recent report from BloombergNEF. The report indicates that spending on low-carbon technologies fell to $25.7 billion, down from over $38 billion in 2024. This reduction represents a decrease of more than 30% and signifies the first annual drop in investment in this sector over eight years. The report highlights that the proportion of capital expenditures dedicated to low-carbon initiatives has also shrunk, accounting for only 6.5% of total capital spending, compared to nearly 10% the previous year, creating concern among analysts about the commitment of these companies to the energy transition.
