WNDY - Staying The Course: Low-Carbon Spending Plans Remain Intact (For Now) Among The Global And European Integrated Oil Companies

• Amid the current market environment, a key question has emerged around how existing conditions could alter low-carbon spending plans of upstream oil and gas companies.
• IHS Markit believes that these current low-carbon spending estimates for several members of the peer group are likely to be further revised upward—both on an absolute basis, as well as relative to total investment—in the coming years.
• However, with current low-carbon spending guidance already at elevated levels relative to total capex budgets, the scope for further upward revisions is more limited than what has been seen in recent years.

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