Advancing climate soutions - 2022 Progress report, July update

Accelerating emissions reductions

Sustainable solutions

The Company’s 2030 emission-reduction plans are consistent with Paris-aligned pathways, the U.S. and European Union’s Global Methane Pledge, and the U.S. Methane Emissions Reduction Action Plan. 

These plans are expected to achieve World Bank Zero Routine Flaring by 2030. Similarly, absolute flaring and methane emissions are expected to decrease by 60% and 70%, respectively. 

Compared to 2016 levels, these plans would drive:

20-30%

reduction in corporate-wide greenhouse gas intensity and an absolute reduction of approximately 20% (or approximately 23 million metric tons).

40-50%

reduction in upstream greenhouse gas intensity and an absolute reduction of approximately 30% (or approximately 15 million metric tons).

70-80%

reduction in corporate-wide methane intensity.

60-70%

reduction in corporate-wide flaring intensity.

These emission-reduction plans cover Scope 1 and Scope 2 emissions from assets the Company operates.

ExxonMobil plans to achieve additional GHG emission reductions through actions like:

  • Achieving net-zero Scope 1 and Scope 2 greenhouse gas emissions in its Permian Basin unconventional operations by 2030.
  • Deploying hydrogen, carbon capture and storage, and lower-emission fuels in its operations.
  • Integrating lower greenhouse gas energy sources into its facilities, for example through long-term renewable power purchase agreements and increasing power and steam co-generation.