Oil companies and e-mobility 🔌

Following Automotive Industry 🚘 massive development in ElectroMobility 🔌, Oil majors ⛽️ are repositioning themselves in this new energy transition 🌱, especially in relation with emobility ⚡️

Those believing that e-mobility is a threat for all Oil companies should get a closer look at the current business evolution ♟🤔📈📊

Very similarly to Automotive Industry 🚗 landscape, European companies 🇪🇺 (Shell, BP, Total) heavily invest in e-mobility 🔌 and renewable energy ☀️🌬. As Shell claim, they are no longer an “Oil & gas company” but an “energy transition company”

On the other hand, American companies 🇱🇷(Exxon and Chevron) seem much more conservative on fossil energy 🦕 or maybe they are waiting for a clear vision 🎯 to avoid none efficient investment 💸

It is very interesting to notice that except Exxon, all the major Oil companies have invested in EV charging 🔌🚘

In the picture below, I have listed investment in 3 categories: 

- Electric Vehicles (Charging 🔌, Batteries 🔋 )

- Electricity supply ⚡️and storage 📦

- Wind 🌬 and Solar ☀️ energies

Given examples (see logos) are either acquired companies, ventures or partial acquisition / investment (*Chevron is funding a research project called BrightField