Hot takes: US vs. Europe, green plane fuel and the latest LNG buzz

Have you noticed that there's a growing difference in U.S. and European supermajors in their approach to upstream capex and overall business strategies?

We have.

Our latest analysis shows that Chevron and ExxonMobil have significantly increased their upstream capital expenditures, contrasting with the relatively flat spending patterns of their European counterparts.

Chevron and ExxonMobil are bucking a global trend. IEA data for 2023 shows that there has been a long-term trend of falling capex spend from the largest global oil and gas companies since 2015, focusing instead on paying dividends and buying back shares.

What does that mean for the future of global oil and gas production? Our full analysis breaks down the global spend over the last six months for Chevron, ExxonMobil and ConocoPhillips compared to BP, Shell and TotalEnergies.

This month we're also highlighting stories on sustainable aviation fuel, LNG and the newest political tag team.

Enjoy!

?? Ready for takeoff? Tax credits and renewable fuel targets are accelerating growth in Sustainable Aviation Fuel in North America. Companies like Chevron, Marathon Petroleum Corp. and Imperial Oil are placing their bets on a greener fuel. Click here.

?? Gulf oil giants bet on American LNG - Saudi Aramco is making strategic moves in key U.S. assets while four Japanese firms have boosted investment since 2022. What does this mean for the future of global LNG? Read our analysis here.

???? Recommended: Harris & Walz: Oil boom or bust? What impact will the new Democrat tag team have on the industry (if elected)?

The industry is keen to see where Kamala Harris stands on U.S. energy policy and how she plans to navigate that position to gain support in key states crucial for winning the White House. Tim Walz was selected as her running mate. What does the future hold for oil and gas production if this dynamic duo wins the White House?

?? Next month: We share with you some exciting news about our special project coming up in October.

Evaluate Energy Insights is a must-read for anyone looking to stay on top of the latest data-based trends and developments.

???? Let us know in the comments below what you would like us to cover in our next newsletter.