Tada Images/Shutterstock Save for later Print Download Share The value of divestments by the five leading Western oil majors rose by one-third last year as BP, Chevron, Exxon Mobil, Shell and TotalEnergies continue to focus on the businesses that will bring them the best returns and offload less profitable assets. The five companies鈥� combined divestments totaled $24.1 billion in 2024, up by 33% from $18.1 billion the previous year. Here, we take a look at the status of the five majors' divestment programs, the assets each company may put on the block this year and their motivations for selling, with executives touting cost cuts rather than emissions reductions.
