The Energy & Carbon Summary is now titled Advancing Climate Solutions - 2022 Progress Report, which outlines ExxonMobil’s commitment to driving emission reductions in support of a net-zero future.
Energy is essential. Accessible and affordable supplies of energy support our ability to meet the basic requirements of life, and power society's progress around the world.
Under most third-party scenarios that meet the objectives of the Paris Agreement, oil and natural gas continue to play a significant role for decades in meeting increasing energy demand of a growing and more prosperous global population.
This Energy & Carbon Summary describes how we at ExxonMobil will play an important role in meeting society’s need for energy and at the same time support efforts to mitigate the risk of climate change, as reflected in the four pillars of our climate strategy: mitigating emissions in our operations, providing products to help customers reduce their emissions, developing and deploying scalable technology solutions, and proactively engaging on climate-related policy.
ExxonMobil strives to deliver superior results while providing products and services that are essential to the health and welfare of billions of people around the world. We are committed to providing reliable and affordable energy to support human progress while advancing effective solutions that address the risks of climate change.
ExxonMobil is working to be part of the solution.
What we've done
2020 emission reductions
Since 2000
~520M
tonnes of greenhouse gas emissions eliminated or avoided from operations.
Equivalent of removing 110M passenger vehicles off the road for a year.
>$10B
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.
The 2025 plan*
*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
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Expected to deliver
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ExxonMobil aspires to position itself as a leader in providing energy while evolving the energy system. Through these four elements, we ensure that processes and programs are implemented to mitigate risks, reduce emissions and improve our energy efficiency.
A rigorous risk management approach is integral to ExxonMobil’s governance framework and ensures risks are appropriately identified and addressed. ExxonMobil’s Board of Directors oversees risks associated with our business, including the risks related to climate change.
Learn more about the Company's robust governance framework
ExxonMobil has established programs to drive improvements in energy efficiency and mitigate greenhouse emissions. These programs are supported by key performance metrics, which are utilized to identify and prioritize opportunities to drive progress.
These programs are supported by key performance metrics to identify and prioritize opportunities to deliver results.
Our business strategies are underpinned by a deep understanding of global energy system fundamentals. These fundamentals include the scale and variety of energy needs worldwide; capability, practicality and affordability of energy alternatives; greenhouse gas emissions; and government policies. We consider these fundamentals in conjunction with our Outlook for Energy to help inform our long-term business strategies and investment plans.
Actions to address the risks related to climate change position the Company to responsibly meet the growing energy demand of an increasingly prosperous world.
Task Force on Climate-related Financial Disclosures (TCFD)
Few would disagree that one of the most urgent societal challenges we face today is addressing the risks of climate change. How we meet the world’s demand for the energy necessary for economic growth while mitigating the long-term impact on our environment is key to our sustainable future.
Explore the 2021 Energy & Carbon Summary to discover how we strive to meet the world’s demand for energy while protecting the environment and addressing the risks of climate change.
Additional information