EnergyDigital Magazine August 2023 | Page 118

Shell
Chevron

TOP 10 04

Shell

Market cap : US $ 204.59bn
Shell is focusing on all the solutions of the future . With a stake in renewable energy and EV charging , the company is taking great strides to pull away from its heritage as a petroleum business . The company has its sights firmly set on the net-zero goal , which is set for 2050 as the company will require a number of years to rebuild as a renewable business and support electrification , as the growing trend , through its Shell Recharge company .

03

Chevron

Market cap : US $ 291.16bn
One of Chevron ’ s most exciting endeavours this year can be seen in biofuel and , since 2021 , the company has been working on renewable fuels to meet the needs of a climate-conscious world . Aside from this , Chevron is also driving interest in sustainable energy through its acquisition of the Renewable Energy Group ( REG ) in 2022 .
Its renewable fuel products could see a 50 % reduction in lifecycle greenhouse gas emissions in relation to conventional petroleum diesel products .
118 August 2023