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 32 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 significant carbon emissions, totalling approximately 52,000,000,000 kg CO2e for Scope 1, 1,000,000,000 kg CO2e for Scope 2 (market-based), and a staggering 871,000,000,000 kg CO2e for Scope 3 emissions, primarily from the use of sold products. This highlights the substantial impact of their operations on global greenhouse gas emissions. Chevron has set ambitious climate commitments, aiming to reduce its emissions intensity by 25% to 30% for flaring and 20% to 25% for methane emissions by 2023, relative to 2016 levels. Additionally, since 2013, the company has achieved a 22% reduction in flaring and associated emissions. Looking ahead, Chevron aspires to achieve net zero upstream emissions (Scope 1 and 2) by 2050, demonstrating a long-term commitment to addressing climate change. The company’s efforts are aligned with the objectives of the Paris Agreement, reflecting a proactive approach to sustainability and emissions management in the oil and gas sector.
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 | 0,000,000,000,000 | 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 |
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 participating in some 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.