Which Oil Major Is Best Prepared For The Future?

European oil supermajors are slashing costs but sparing their renewable energy business. U.S. giants are cutting across the board and focusing on their core business above all else. Both are preparing for the future, but who’s doing it right? A recent Reuters analysis into European and U.S. supermajors’ approach confirms what is becoming increasingly obvious: the Europeans are pushing strongly into renewables while the Americans are sticking with oil and gas. Of course, the European supermajors are subjected to more pressure to clean up their fossil…