This article looks at the growing trend for large oil and gas groups to diversify into owning alternative energy assets, including notably in the electric vehicle (EV) sector. We have seen recent acquisitions by BP, Shell and Total in the EV charging area, as well as investments by Orsted, Equinor (formerly known as Statoil) and Shell in offshore wind. This trend seems set to continue, with growing pressure on the big oil and gas companies to demonstrate their green credentials, the economic pressure of an uncertain oil price and the steady rise in the number of EVs and their related infrastructure.