Woodside released its 1Q24 results last week with no disclosure provided for its New-Energy segment.

Santos’ 1Q24 results provided more clarity into Santos’ spend in Energy Solutions for the quarter.

Despite the company's promotion of its “abatement target” in its climate update, Woodside's significant investment ($1000 invested per tCO2e abated) may not lead to any material reduction in its own scope 3.

Santos released its FY23 results and Sustainability and Climate Change report this week. While there was more disclosure on Santos Energy Solutions, its emission targets and its transition strategy remain unchanged

Eni's Capital Markets Day on March 14th will provide updates on its strategic progress and future targets, with 4Q results highlighting concerns that capex could be at risk after falling short of FY23 guidance.

Equinor provided several updates for low carbon, but ultimately remains heavily entrenched in oil and gas.

TotalEnergies is in a balancing act, expanding into electricity to adapt to electrification while simultaneously refining its oil and gas operations to stay competitive in a declining industry.

4Q23 results provided a first look at Murray Auchincloss’ vision as BP’s new CEO. Auchincloss’ emphasised a ‘simplified’ strategy after a period of ‘generating options’ under previous leadership.

FY23 results reflect Shell’s strategic shift towards more conservative capital allocation, scaling back renewables in favour of low-carbon molecules, and increasing shareholder distributions.

Following the release of its FY23 results, Santos has to do a lot more to demonstrate its strategy will be resilient to transition.

Woodside released its 4Q23/FY23 report today. With nothing new on its transition, it appears that investors will be waiting until February to hear the details of its new transition strategy that will be put to a shareholder vote in April.