Alexandra Diaz’s Post

Recently, our Chairman & CEO Lorenzo Simonelli, and our CFO Nancy K. Buese, announced our Q1’24 Earnings at Baker Hughes and I am proud of what we have achieved as a team. Not only are we driving growth, but we are also pioneering sustainable energy solutions that will shape the future of the industry. It's a time of transformation, and our team is at the forefront of energizing change across energy and industrial sectors.   Looking at our results, I'm struck by the impactful collaborations and partnerships we continue to see globally. ➡️ We demonstrated continued momentum in Brazil after receiving two significant, multi-year awards from Petrobras for on and offshore services. ➡️ We booked over $2.9B of orders across our Industrial & Energy Technology business segment, including large awards from aramco for the Master Gas System 3 and Black & Veatch for Cedar LNG. ➡️ We grew our Climate Technology Solutions business with three notable contract awards from Snam S.p.A., TotalEnergies, and one of the world’s largest ammonia and urea producers.   Our actions in 2024 will continue our purpose to take energy forward and lead sustainable energy development across industries through meaningful collaborations and innovation. 👉 Learn more about our results here: https://lnkd.in/gp-aEeMy   #WeAreBakerHughes #BestPlaceToWork #Energy #NewEnergy #EnergyTrilemma #SustainableFuture #EnergizingChange

The global shift towards sustainable energies is accelerating, and the Oil & Gas industry is at the forefront of this evolution. 🌱📈 In his latest study, Sia Partners dives deep into the investment strategies of Oil & Gas Majors, such as BP, Chevron, Shell or TotalEnergies, as they navigate the road to 2050. 🚀    Despite a pandemic-induced dip, these companies have bounced back with record profits, setting the stage for a transformative investment surge. By 2025, low-carbon investments may double, with a fascinating split emerging:    🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor) are sticking closer to their roots but are gradually intensifying efforts to mitigate emissions.    🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies) are steering nearly half of their investments towards renewable energies, driven by strong European regulatory pressures. ☀️    By 2050, these paths diverge even further, with distinct strategies shaping the future of energy.    Curious to learn more? Dive into our detailed analysis: Is the Oil & Gas industry ready for climate challenge?  (sia-partners.com)] 📊🔍    #EnergyTransition #Sustainability #InvestmentStrategy 

The global shift towards sustainable energies is accelerating, and the Oil & Gas industry is at the forefront of this evolution. 🌱📈 In his latest study, Sia Partners dives deep into the investment strategies of Oil & Gas Majors, such as BP, Chevron, Shell or TotalEnergies, as they navigate the road to 2050. 🚀    Despite a pandemic-induced dip, these companies have bounced back with record profits, setting the stage for a transformative investment surge. By 2025, low-carbon investments may double, with a fascinating split emerging:    🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor) are sticking closer to their roots but are gradually intensifying efforts to mitigate emissions.    🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies) are steering nearly half of their investments towards renewable energies, driven by strong European regulatory pressures. ☀️    By 2050, these paths diverge even further, with distinct strategies shaping the future of energy.    Curious to learn more? Dive into our detailed analysis: Is the Oil & Gas industry ready for climate challenge? 📊🔍  https://lnkd.in/eNtCgnfx #EnergyTransition #Sustainability #RenewableEnergy #Oil&Gas #InvestmentStrategy  #SiaPartners

Equinor reported adjusted earnings before tax for Q3 of $6.89 billion, a 13% decrease from a year earlier. Other European majors - Eni, BP, Shell, Repsol and TotalEnergies - are scheduled to report in the next week. Interested in learning more about their financial situation? 💡 We specialize in removing the frustration from complex financial searches while providing precise, industry-specific, and reliable results tailored for the energy industry. Start saving time and money with our financial and operating database today: https://ow.ly/9qgZ50TSQbx #oilandgas #energy #data #analysis

The global shift towards sustainable energies is accelerating, and the Oil & Gas industry is at the forefront of this evolution. 🌱📈 In his latest study, Sia Partners dives deep into the investment strategies of Oil & Gas Majors, such as BP, Chevron, Shell or TotalEnergies, as they navigate the road to 2050. 🚀    Despite a pandemic-induced dip, these companies have bounced back with record profits, setting the stage for a transformative investment surge. By 2025, low-carbon investments may double, with a fascinating split emerging:    🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor) are sticking closer to their roots but are gradually intensifying efforts to mitigate emissions.    🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies) are steering nearly half of their investments towards renewable energies, driven by strong European regulatory pressures. ☀️    By 2050, these paths diverge even further, with distinct strategies shaping the future of energy.    Curious to learn more? Dive into our detailed analysis: Is the Oil & Gas industry ready for climate challenge? (https://lnkd.in/g9cfmDgd) 📊🔍    #EnergyTransition #Sustainability #RenewableEnergy #Oil&Gas #InvestmentStrategy 

🌍 The global shift towards sustainable energy is gaining momentum, and the Oil & Gas industry stands at the forefront of this transformation. In our latest comprehensive study, Sia Partners meticulously examines the investment strategies of leading Oil & Gas Majors, including BP, Chevron, Shell, and TotalEnergies, as they chart their course to 2050. Amid the pandemic, these industry giants faced significant challenges, yet they have rebounded with record-breaking profits. This resurgence is paving the way for an unprecedented wave of investments. By 2025, we anticipate that low-carbon investments will potentially double, revealing a compelling dichotomy: 🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor): These companies are maintaining their traditional focus while gradually ramping up efforts to reduce emissions. 🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies): These companies are channeling nearly half of their investments into renewable energies, significantly influenced by stringent European regulations. Looking ahead to 2050, these strategies will further diverge, each shaping a unique vision for the future of energy. Eager to uncover the insights from our analysis? Explore our in-depth report: "Is the Oil & Gas Industry Ready for the Climate Challenge?" 📊🔍 #SustainableEnergy #OilAndGas #EnergyTransition #InvestmentStrategy Jean-Baptiste Hecquet Sohail Thaker (he/him/his) Jean Trzcinski Sean Jump Jean-Luc Mattar Filipe Lyrio Carlos Guevara Anis Balla Amancio Torres Roberto Wyszkowski Canal https://lnkd.in/d68DXvip

Interesting look by my Sia colleagues into the diverging investment strategies of a sample of global oil & gas majors and the prioritization of capital into carbon efficiency or energy transition-weighted approaches.

The global shift towards sustainable energies is accelerating, and the Oil & Gas industry is at the forefront of this evolution. 🌱📈 In his latest study, Sia Partners dives deep into the investment strategies of Oil & Gas Majors, such as BP, Chevron, Shell or TotalEnergies, as they navigate the road to 2050. 🚀    Despite a pandemic-induced dip, these companies have bounced back with record profits, setting the stage for a transformative investment surge. By 2025, low-carbon investments may double, with a fascinating split emerging:    🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor) are sticking closer to their roots but are gradually intensifying efforts to mitigate emissions.    🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies) are steering nearly half of their investments towards renewable energies, driven by strong European regulatory pressures. ☀️    By 2050, these paths diverge even further, with distinct strategies shaping the future of energy.    Curious to learn more? Dive into our detailed analysis: Is the Oil & Gas industry ready for climate challenge?  (sia-partners.com)] 📊🔍    #EnergyTransition #Sustainability #RenewableEnergy #Oil&Gas #InvestmentStrategy https://lnkd.in/gRHzZRkF

The global shift towards sustainable energies is accelerating, and the Oil & Gas industry is at the forefront of this evolution. 🌱📈 In its latest study, Sia Partners dives deep into the investment strategies of Oil & Gas Majors, such as BP, Chevron, Shell or TotalEnergies, as they navigate the road to 2050. 🚀    Despite a pandemic-induced dip, these companies have bounced back with record profits, setting the stage for a transformative investment surge. By 2025, low-carbon investments may double, with a fascinating split emerging:    🔹 Carbon Efficiency Companies (Chevron, ExxonMobil, Saudi Aramco, Suncor) are sticking closer to their roots but are gradually intensifying efforts to mitigate emissions.    🔹 Energy Transition Companies (BP, Equinor, Shell, TotalEnergies) are steering nearly half of their investments towards renewable energies, driven by strong European regulatory pressures. ☀️    By 2050, these paths diverge even further, with distinct strategies shaping the future of energy.    Curious to learn more? Dive into our detailed analysis: Is the Oil & Gas industry ready for climate challenge? (https://lnkd.in/gRHzZRkF)] 📊🔍    #EnergyTransition #Sustainability #RenewableEnergy #Oil&Gas #InvestmentStrategy 

#bigoil #$$$ With oil, gas, and liquefied natural gas (LNG) still running the global energy show as the crown jewels within the ebbs and flows in the worldwide energy demand, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have collected a staggering $31.65 billion in combined profit during the second quarter of 2024. BP, Shell, Eni, ExxonMobil, and Conoco Phillips are among the lucky ones, which beat analysts’ expectations. However, TotalEnergies and Chevron got the shorter end of the stick with their financial performance falling below forecasts. Key Facts: Four European and three U.S. oil and gas behemoths rake in a combined profit of $31.65 billion in Q2 2024. Some oil majors backpedaling on green and renewable energy arrangements. European oil majors share $13.8 billion profit cake. Shell’s adjusted profit reaches $6.3 billion. BP’s profit stands at $2.8 billion. Shell and BP face criticism over moves perceived to be scaling back their transformation and hindering the industry’s overall energy transition efforts. TotalEnergies secures net profit of $3.8 billion. Eni gets an adjusted net profit of €1.52 billion or $1.65 billion. U.S. oil majors split a $16.2 billion profit pie. ExxonMobil scores a profit of $9.2 billion. Chevron landed a net profit of $4.4 billion. ConocoPhillips picks up profit of $2.3 billion. Source: Offshore Energy Today 👇👇 https://lnkd.in/dddTqBX7