Energy & Carbon Summary

Describes how ExxonMobil is doing its part to address the dual challenge of ensuring the world has the energy it needs while also minimizing climate-change risks.

 

Digital Report | Report PDF | Executive summary | Chairman's letter | Reducing emissions infographic

Delivering real results to address the risks of climate change

 

With a longstanding commitment to investments in technology and the ingenuity of our people, ExxonMobil is well positioned to continue to provide the energy that is essential to improving lives around the world, while managing the risks of climate change.

 

What we've done

2020 emission reductions

15% reduction in methane emissions*

25% reduction in flaring*

*compared to 2016 levels

Since 2000

~480M

tonnes of greenhouse gas emissions eliminated or avoided from operations.

Equivalent of removing 100M passenger vehicles off the road for a year.

Since 2000

>$10B

invested to research, develop and deploy lower-emission energy solutions

Enabled customer emission reduction

We are delivering products and solutions that enable customers to meet product performance requirements while reducing their emissions and improving energy efficiency across the supply chain.

Products and solutions include:

R&D Investment

Our sustained investment in R&D plays an important role in positioning ExxonMobil to develop breakthrough solutions in areas such as carbon capture, biofuels, hydrogen, and energy-efficient process technology.

Investments primarily focused on reducing emissions from the three sectors that emit 80 percent of all energy-related greenhouse gas emissions: power generation, industrial, and commercial transportation.

Invested in technology that could capture more than 90 percent of CO2 and prove up to six times more effective than conventional technology.

Partnered with governments, academia, and industry to research and commercialize biofuels, direct air capture, and lower the cost of carbon capture and storage to help support society's ambition of net-zero emissions by 2050.

What we're planning to do

We recently announced a plan to further reduce greenhouse gas emissions in our global operations by 2025, while aiming for industry-leading greenhouse gas performance by 2030. This plan represents some of the most aggressive reductions in the industry.

Driving emissions down

The 2025 plan*

15-20%

reduction in greenhouse gas intensity of our Upstream operations

*ExxonMobil's emission reduction plans are compared to 2016 levels and cover Scope 1 and Scope 2 emissions from assets operated by the company.

Supported by

40-50%

reduction in methane intensity

___________________________

35-45%

reduction in flaring intensity

Expected to deliver

~30%

reduction in absolute greenhouse gas emissions in our Upstream business

___________________________

40-50%

reduction in absolute flaring and methane emissions

We respect and support society’s ambition to achieve net zero emissions by 2050, and continue to advocate for policies that promote cost-effective, market-based solutions to address the risks of climate change.
Darren Woods
Darren W. Woods

ExxonMobil Chairman and Chief Executive Officer

FAQs

Why is ExxonMobil focusing on intensity in addition to absolute emissions?  

We believe GHG intensity is the best way to measure progress toward the goals of the Paris Agreement, because it is the truest reflection of how manufacturing companies like ExxonMobil are reducing the GHGs associated with each unit they produce.

Read more

Is ExxonMobil making a Net Zero pledge?

We respect and support society’s ambition to achieve net zero emissions by 2050. Rather than setting aspirational 2050 pledges, we will continue to take defined actions to reduce our emissions in achievable time periods, while developing and deploying technology solutions that will be necessary to achieve this ambitious and challenging goal.  

Read more

What is ExxonMobil’s approach to renewables like wind and solar? 

Renewable energies like wind and solar will play an important role in the transition to lower-carbon energy sources. ExxonMobil uses renewable energy to help power its operations. Overall we are the second largest buyer of wind and solar power in the oil and gas industry.

Read more

Why is ExxonMobil focusing on intensity in addition to absolute emissions?  

We believe GHG intensity is the best way to measure progress toward the goals of the Paris Agreement, because it is the truest reflection of how manufacturing companies like ExxonMobil are reducing the GHGs associated with each unit they produce.

Read more

Is ExxonMobil making a Net Zero pledge?

We respect and support society’s ambition to achieve net zero emissions by 2050. Rather than setting aspirational 2050 pledges, we will continue to take defined actions to reduce our emissions in achievable time periods, while developing and deploying technology solutions that will be necessary to achieve this ambitious and challenging goal.  

Read more

What is ExxonMobil’s approach to renewables like wind and solar? 

Renewable energies like wind and solar will play an important role in the transition to lower-carbon energy sources. ExxonMobil uses renewable energy to help power its operations. Overall we are the second largest buyer of wind and solar power in the oil and gas industry.

Read more

ExxonMobil’s plans to reduce greenhouse gas emissions are projected to be consistent with the goals of the Paris Agreement.

 

Scope 3 GHG emissions

ExxonMobil is providing Scope 3 greenhouse gas emissions – those emissions associated with consumers’ use of our products – on an annual basis. Reducing these indirect emissions will require changes in society's energy choices and the development and deployment of affordable, lower-emission technologies.

For the full picture of ExxonMobil’s current emissions reporting, please view our Energy & Carbon Summary

Investing to reduce emissions

Reducing methane emissions by leveraging terabytes

Learn more about

Energy & Carbon Summary ExxonMobil has a long history of responsibly meeting society‘s evolving need for energy in a reliable and sustainable manner. With a longstanding commitment to investments in technology and the ingenuity of our people, we are well positioned to continue to provide the energy that is essential to improving lives around the world, while managing the risks of climate change.

Energy and Carbon Summary

ExxonMobil public engagement on climate policy There are few challenges more important than meeting the world’s growing demand for energy while reducing environmental impacts and the risks of climate change. ExxonMobil supports the 2015 Paris Agreement and believes the company has a constructive role to play in developing solutions.

Sustainability

Innovating lower-emission energy solutions: R&D highlights R&D has been part of ExxonMobil’s DNA since our company began more than 135 years ago. Our innovations have helped provide the energy fundamental to modern life – from the clean, efficient fuels that power today’s transportation to the natural gas that provides light and heat to homes and businesses.

Energy and innovation

Carbon capture and storage Carbon capture and storage (CCS) is the process of capturing and injecting CO2 into underground geological formations for permanent storage. 

Carbon capture

Algae and advanced biofuels Scientists at ExxonMobil are working to transform algae and plant waste into biofuels that could one day be used for transportation. These advanced biofuels offer the possibility of achieving significant greenhouse gas reductions compared to today’s transportation fuels.

Energy and innovation

University and National Labs partnerships We collaborate with leading universities and institutions around the world as part of our commitment to finding meaningful and scalable solutions to meet global energy demand, while also minimizing the environmental impacts of energy use, including the risks of climate change.

Energy and innovation

Partnering with more than 80 leading research universities, including Princeton, Stanford and MIT ExxonMobil has worked with dozens of leading universities and academic research institutions around the world as part of our commitment to finding meaningful and scalable solutions to meet global energy demand and reduce emissions.

Research partners

Working with the Department of Energy’s National Labs on lower-emission technologies ExxonMobil will work with the Department of Energy’s National Labs to bring lower emission technologies to commercial scale. This work includes collaborative research in areas such as biofuels, carbon capture and storage, and lifecycle analysis.

Research partners