Net zero ambition | 2022 ACS progress report

Innovative solutions

ExxonMobil aims to achieve net-zero emissions from its operated assets by 2050 and is taking a comprehensive approach centered on developing detailed emission-reduction roadmaps for major operated assets.

This ambition applies to Scope 1 and Scope 2 greenhouse gas emissions. It builds on the Company’s 2030 emission-reduction plans, which include plans to reach net-zero emissions in our Permian Basin operations by 2030, and ongoing investments in lower-emission solutions, including carbon capture and storage, hydrogen and biofuels.

The Company’s roadmap approach identifies greenhouse gas emission-reduction opportunities and the investment and policy needs required to achieve net-zero.

The roadmaps are tailored to account for facility configuration and maintenance schedules, and they will be updated as technologies and policies evolve. Net-zero roadmaps for major assets, covering about 90% of the Company’s greenhouse gas emissions, are scheduled to be completed by year-end 2022, and the remainder in 2023.