Corporate venture capital (CVC) groups at major oil companies are vital to the oil and gas start-up ecosystem. They have an equity stake in about half of all oil and gas start-ups that have raised funding. However, oil companies have also committed hundreds of millions of dollars to petroleum substitutes like biofuels, solar, and wind. This report provides a snapshot of the portfolio mix of the eight most prolific oil and gas CVC groups between 2005 and 2015.
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