Oxy Low Carbon Ventures, LLC
Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental Petroleum Corporation, is a leading player in the carbon management industry, headquartered in the United States. Founded in 2020, the company focuses on innovative solutions for reducing greenhouse gas emissions, primarily through carbon capture, utilisation, and storage (CCUS) technologies. With operations spanning key regions in North America, Oxy Low Carbon Ventures is committed to advancing sustainable practices that align with global climate goals. The company’s unique approach combines cutting-edge technology with strategic partnerships, positioning it as a frontrunner in the transition to a low-carbon economy. Notable achievements include significant investments in large-scale carbon capture projects, underscoring its dedication to environmental stewardship and market leadership in carbon management solutions.
DitchCarbon Score
How does Oxy Low Carbon Ventures, LLC'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.
Industry Average
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.
Industry Benchmark
Oxy Low Carbon Ventures, LLC's score of 29 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Oxy Low Carbon Ventures, LLC, headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is a current subsidiary of Occidental Petroleum Corporation, which may influence its climate commitments and performance metrics. As part of its corporate family, Oxy Low Carbon Ventures inherits climate-related initiatives and targets from Occidental Petroleum Corporation. This includes participation in the Carbon Disclosure Project (CDP) and Climate Action 100+ initiatives, which aim to enhance transparency and accountability in climate action. However, specific reduction targets or achievements for Oxy Low Carbon Ventures have not been disclosed. The absence of detailed emissions data and reduction targets suggests that Oxy Low Carbon Ventures is still in the process of establishing its own distinct climate commitments, potentially aligning with the broader strategies of its parent company. As the landscape of corporate climate action evolves, it remains crucial for Oxy Low Carbon Ventures to define and communicate its specific goals and performance in reducing carbon emissions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 21,620,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 5,910,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 259,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
Oxy Low Carbon Ventures, LLC is not participating in any of the initiatives that 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.
