Towards Green Energy Companies: Study on the Movement of International Oil Companies to Renewables

Abstract

In recent years, numerous International Oil Company (IOC) are reintroducing themselves as an energy company. It can indicate their movement to progressively positioning themselves for the proclaimed energy transition. This paper tries to designate the IOCs movement toward their new shape as an energy company. Results show that The IOCs is now taken a massive approach toward transformation into energy companies as revealed by their movement to diversify their asset, which formerly dominated by oil and gas, to renewables.