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.
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Darren W. Woods
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 moreIs 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 moreWhat 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. In 2018, we entered a power purchase agreement for 500MW of wind and solar projects in Texas, making us among the top 10 global corporate wind and solar purchasers.
Read moreWhy 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 moreIs 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 moreWhat 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. In 2018, we entered a power purchase agreement for 500MW of wind and solar projects in Texas, making us among the top 10 global corporate wind and solar purchasers.
Read moreExxonMobil’s plans to reduce greenhouse gas emissions are projected to be consistent with the goals of the Paris Agreement.
ExxonMobil’s support for the Paris Agreement
In December 2015, after more than two decades of international effort, nations convened in Paris and drafted an agreement that for the first time signaled that both developed and developing nations will strive to undertake action on climate change and report on related progress.
The Paris Agreement “aims to strengthen the global response to the threat of climate change … by: Holding the increase in the global average temperature to well below 2°C above pre-industrial levels.”
The company has supported the Paris Agreement from its inception and continues to support U.S. government participation in the framework. ExxonMobil assesses its business strategy and plans against a range of scenarios, including those that meet the objectives of the Paris Agreement, which assume progress in technologies, infrastructure and government policies related to climate change.
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
Effectively managing methane and reducing flaring
In 2018, ExxonMobil announced plans to reduce methane emissions by 15 percent and flaring by 25 percent by 2020, compared with 2016 levels. As of December 2020, the corporation expects to meet those goals.
Learn more about ExxonMobil’s steps to curb methane emissions
Offering a model regulatory framework for industry to reduce emissions
Reducing flaring in the Permian
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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 environment
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.
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.
Research 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.
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.
Research 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.
Research 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.
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.