ExxonKnews
October 10, 2025
“I fundamentally believe we have a core role to play in the energy transition: the capabilities that we have, the scale that we bring, the insights, and everything else,” Ben Van Beurden, then the CEO of oil giant Shell, told Bloomberg in 2020. Shell should not be referred to as an oil company, he said.
Five years later, only .35% of the primary energy Shell produces comes from renewable sources — and the company contributes an even more miniscule fraction to renewable energy capacity across the globe, according to new research published yesterday in the journal Nature Sustainability.
The first-of-its-kind study shows that the world’s biggest oil and gas companies contribute less than 1.5% to global renewable energy — contradicting industry claims to be pioneers in the energy transition.
