3 Oil Companies Investing in Wind Energy

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The energy sector is historically comprised of some of the most undiversified companies on the stock market. But all that is changing, and some oil companies are making real efforts to diversify their own investment portfolios with alternative energies. Click through through the slideshow for three oil companies investing in wind energy.

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  • Anyone who has slogged away at a career, for some 44 years+; has likely had a series of accomplishments of which they are proud. Mine have been somewhat unique. My greatest achievement, came when I was just fifteen years old. When I submitted to a poster contest for the band, Strawberry Alarm Clock which would be performing at the legendary Fillmore East. My design is everywhere today, as a representation of the late 60's-early 70's, known as the tie-dyed Peace symbol. Additionally success again visited; as cinematographer on the second highest grossing adult film of all time (The Erotic Adventures of Candy); and as one of the first five male exotic dancers in America. And lastly, in that America, is a much less racist environment today. Dr. King, and the black men willing to go to prison for their dignity. My part, however small, was an afro-centric ideal within my imagery, which saw me banned from numerous shows and competitions. Art, at its' best acts as a rudder for society as a whole. It is not what you see at a museum. These art historians are not deep-career artists, and tend to skew our field. My art will probably be dismissed as perhaps a historical footnote. But I have never been bested by any other artist. Ever. I took third place in Creative Capitals' Genius Award. And in a frank conversation, was told that they simply could not allow a fetish artist the prize. And I am alone in being a three-time runner-up in the Cygny award for my work with San Francisco legend, Carol Doda. -Marc Breed, America's Fetish Photographer [LinkedIn]
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  • this is interesting and this is the future energy after oil
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  • http://energy.gov/eere/education/explore-careers-wind-power
  • Image: http://www.bp.com/en/global/corporate/sustainability/the-energy-future/biofuels.html
  • http://www.theguardian.com/environment/2015/apr/16/bp-dropped-green-energy-projects-worth-billions-to-focus-on-fossil-fuels

    http://www.bp.com/en_us/bp-us/what-we-do/wind.html



  • http://www.theguardian.com/environment/2015/apr/16/bp-dropped-green-energy-projects-worth-billions-to-focus-on-fossil-fuels

    http://www.bp.com/en_us/bp-us/what-we-do/wind.html

    http://www.theguardian.com/environment/2015/apr/16/bp-dropped-green-energy-projects-worth-billions-to-focus-on-fossil-fuels



  • Image: http://www.shell.com/global/future-energy/wind.html
  • http://www.theguardian.com/environment/2015/apr/16/bp-dropped-green-energy-projects-worth-billions-to-focus-on-fossil-fuels

    http://www.bp.com/en_us/bp-us/what-we-do/wind.html

    http://www.shell.us/energy-and-innovation/shell-windenergy.html



  • http://www.theguardian.com/environment/2015/apr/16/bp-dropped-green-energy-projects-worth-billions-to-focus-on-fossil-fuels

    http://www.bp.com/en_us/bp-us/what-we-do/wind.html

    http://www.shell.us/energy-and-innovation/shell-windenergy.html

    p.7 http://www.sec.gov/Archives/edgar/data/1306965/000119312515088212/d798573d20f.htm



  • http://www.statoil.com/en/NewsAndMedia/News/2015/Pages/03Nov_HywindScotland_news_page.aspx
  • p.43 http://www.sec.gov/Archives/edgar/data/1140625/000114062515000028/sto_20-f14.htm
  • p.9 http://www.sec.gov/Archives/edgar/data/1140625/000114062515000028/sto_20-f14.htm
  • 3 Oil Companies Investing in Wind Energy

    1. 1. 3 Oil Companies Investing in Wind Energy Image source: energy.gov
    2. 2. 1. BP Image source: bp.com
    3. 3. 1. BP In 2003, BP changed its acronym meaning from “British Petroleum” to “Beyond Petroleum.” Over the next decade, BP built out its wind portfolio to 16 farms in nine states, with a total 2,600 MW of generating capacity.
    4. 4. 1. BP But BP’s wind investments aren’t going anywhere. The company has backpedaled on its “Beyond Petroleum” idea, and tried (unsuccessfully) to sell off all its wind assets in 2013.
    5. 5. 2. Royal Dutch Shell Image source: shell.com
    6. 6. 2. Royal Dutch Shell Shell has eight wind farms in North America and one offshore wind project in the Netherlands, with a total 500 MW of generating capacity. Its offshore project represents some harnessing of its experience with oil and gas platforms. The company notes that each of the 36 turbines is designed to “withstand North Sea conditions” and is protected from corrosion for 20 years.
    7. 7. 2. Royal Dutch Shell But in its latest strategic report, Shell notes that “While we expect renewables such as wind … to play an increase role, oil and gas will be vital to meet the considerable expected increase in energy demand.” Don’t expect any windy windfalls anytime soon.
    8. 8. 3. Statoil Image source: statoil.com
    9. 9. 3. Statoil Fact: Statoil is one of the largest oil companies in the world. Truth: Statoil is making more strategic and progressive investments in wind than any other oil company out there.
    10. 10. 3. Statoil While Statoil lays claim to just 900 MW of planned, under construction, or operating wind power, it’s doing it strategically. All its farms are offshore, an area where, according to Statoil’s latest annual report, “[we] have a competitive edge as a result of [our] offshore oil and gas expertise.”
    11. 11. 3. Statoil Statoil also notes that “[our] ambition is to play an active role in reducing costs and making offshore wind profitable, ultimately without government subsidies or support.” It’s even building the world’s first ever floating offshore wind farm, investing $230 million to expand its wind energy opportunities. For investors looking for oil stocks with progressive alternative energy outlooks, Statoil wins for wind energy.
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