This is an international oil & gas exploration and production company.

As we have seen in many articles, the usage of oil & gas energy has been continuously decreased.

Over the past decade, the industry's profits have sagged, revenues and cash flows have withered, massive capital investments have been written off as worthless and fossil fuel investors have lost hundreds of billions of dollars.

With all this information, still, we're seeing such big numbers in this industry, With having new replacements (electric cars, nuclear power, ...) will investors move their money to other industries in near future?

What do you think?

PS: Fundraising has been announced by the StartupRef newsletter (https://startupref.com/weekly-top-investments)