Low carbon businesses (renewable power, retail power and bioenergy) represent an estimated 7% of EU big oil enterprise value (EV) on aggregate with Repsol and Eni leading the pack.
Investment in these areas has really accelerated in the last four years.
This analysis excludes future technologies like hydrogen and electric vehicle charging, that are not material today but are a big part of the transition at these companies.
This surge in investment has meant the energy sector is now a leading consumer of minerals.
