Major companies plan to spend many millions a day to 2030 on exploiting new oil and gas

Capital expenditure per day 2021-2030, $m

Compatible with 1.65C global heating

Incompatible with 1.65C

Incompatible with 2.7C

0

10

20

30

40

50

60

70

Saudi Aramco

Gazprom

PetroChina

ExxonMobil

Shell

Rosneft

Chevron

Total Energies

Petrobras

BP

ConocoPhillips

Eni

Compatible with 1.65C global heating

Incompatible with 1.65C

Incompatible with 2.7C

0

10

20

30

40

50

60

70

Saudi Aramco

Gazprom

PetroChina

ExxonMobil

Shell

Rosneft

Chevron

Total Energies

Petrobras

BP

ConocoPhillips

Eni

Guardian graphic. Source: Carbon Tracker Initiative / Rystad Energy