We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
3 Stocks at the Forefront of Energy Transition Race: ENB, SHEL, E
Read MoreHide Full Article
Key Takeaways
ENB is adapting to the energy transition and targets net-zero emissions by 2050 from its diversified business.
SHEL plans to become a net-zero energy player by 2050 or earlier and cut absolute emissions 50% by 2030.
Eni is building decarbonized products and services, using efficient exploration to stay competitive.
Economies worldwide are gradually transitioning to cleaner energy sources. There has been a steady increase in pressure on energy companies to act on climate change on multiple fronts. Most analysts believe that although renewable energy will meet future energy needs, it will not completely wipe out oil and natural gas demand. Demand for fossil fuels will also grow, but at a slower pace.
Thus, there are abundant opportunities for energy companies with a footprint in oil and gas resources or in the transportation of commodities and the renewable energy sector. In this backdrop, three such companies that are well poised to gain are Enbridge Inc. (ENB - Free Report) , Shell plc (SHEL - Free Report) and Eni SpA (E - Free Report) .
3 Stocks to Gain: ENB, SHEL, E
While providing energy to millions of people, Enbridge is adapting extremely well to the energy transition. From its diverse business, ENB expects to achieve net zero emissions by 2050.
Shell also has the same ambitious target of becoming a net-zero emissions energy player by 2050 or earlier. By 2030, the integrated energy company plans to lower absolute emissions by 50%.
Eni is leading the energy transition as well. The integrated energy player has been building a full set of decarbonized products and services for clients to achieve carbon neutrality by mid-century. Even though the energy business scenario is challenging, Eni’s efficient exploration keeps it highly competitive.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Stocks at the Forefront of Energy Transition Race: ENB, SHEL, E
Key Takeaways
Economies worldwide are gradually transitioning to cleaner energy sources. There has been a steady increase in pressure on energy companies to act on climate change on multiple fronts. Most analysts believe that although renewable energy will meet future energy needs, it will not completely wipe out oil and natural gas demand. Demand for fossil fuels will also grow, but at a slower pace.
Thus, there are abundant opportunities for energy companies with a footprint in oil and gas resources or in the transportation of commodities and the renewable energy sector. In this backdrop, three such companies that are well poised to gain are Enbridge Inc. (ENB - Free Report) , Shell plc (SHEL - Free Report) and Eni SpA (E - Free Report) .
3 Stocks to Gain: ENB, SHEL, E
While providing energy to millions of people, Enbridge is adapting extremely well to the energy transition. From its diverse business, ENB expects to achieve net zero emissions by 2050.
Shell also has the same ambitious target of becoming a net-zero emissions energy player by 2050 or earlier. By 2030, the integrated energy company plans to lower absolute emissions by 50%.
Eni is leading the energy transition as well. The integrated energy player has been building a full set of decarbonized products and services for clients to achieve carbon neutrality by mid-century. Even though the energy business scenario is challenging, Eni’s efficient exploration keeps it highly competitive.