Chevron Corporation, a leading global energy company headquartered in the United States, has established itself as a key player in the oil and gas industry since its founding in 1879. With major operational regions spanning North America, South America, Africa, and Asia, Chevron is renowned for its diverse portfolio that includes upstream exploration and production, downstream refining, and marketing of petroleum products. The company’s core offerings, such as crude oil, natural gas, and petrochemicals, are distinguished by their commitment to innovation and sustainability. Chevron has achieved notable milestones, including advancements in renewable energy initiatives and significant investments in technology to enhance operational efficiency. As one of the largest integrated energy companies in the world, Chevron continues to solidify its market position through strategic partnerships and a focus on responsible energy development.
How does Chevron's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Crude Oil Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Chevron's score of 24 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Chevron reported total carbon emissions of approximately 52000000000 kg CO2e from Scope 1, 2000000000 kg CO2e from Scope 2, and 576000000000 kg CO2e from Scope 3 emissions. This reflects a continued reliance on fossil fuels, with significant emissions stemming from the use of sold products. Over the years, Chevron has shown fluctuations in its emissions. For instance, in 2022, the company emitted about 53000000000 kg CO2e in Scope 1, 4000000000 kg CO2e in Scope 2, and 592000000000 kg CO2e in Scope 3. The trend indicates a need for enhanced strategies to mitigate emissions, particularly in Scope 3, which represents the majority of their carbon footprint. Despite these figures, Chevron has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This lack of defined reduction goals may impact their long-term sustainability and climate strategy, especially as global pressure mounts for the oil and gas sector to transition towards lower carbon operations. As Chevron continues to navigate its climate commitments, the focus remains on addressing the substantial emissions associated with its operations and product usage, which are critical for aligning with global climate goals.
Access structured emissions data, company-specific emission factors, and source documents
2005 | 2006 | 2007 | 2008 | 2009 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | 62,300,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Scope 2 | 2,700,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Scope 3 | 58,800,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chevron is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.