US majors in the slow lane on transport transition
US majors see little incentive to prepare for greater EV adoption
European majors are addressing the challenges of the energy transition in transport fuels by acquiring technology, conventional and renewable electricity generation capacity, and new positions in the electricity supply industry. But their US peers are limiting their participation to energy efficiency and new technology as the shale revolution continues to increase US hydrocarbons output. ExxonMobil and Chevron, and their competitors, largely appear to have adopted the attitude of "What is the hurry?", says an oil consultant. "Even if you look at the most optimistic assumptions on electric vehicles, demand will still be 90pc liquid fuels for the next 10 years at least," he adds. US EVs accoun
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
