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 35 is higher than 99% 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 576,000,000,000 kg CO2e from Scope 3, primarily from the use of sold products. The company also disclosed Scope 1 emissions of about 52,000,000,000 kg CO2e and Scope 2 emissions of approximately 1,000,000,000 kg CO2e. Chevron has set ambitious climate commitments, including a target to achieve net zero upstream emissions (Scope 1 and 2) by 2050. Additionally, the company aims for a significant reduction in flaring intensity, targeting 3.0 kg CO2e per barrel of oil equivalent (boe) by 2028, which represents a 66% reduction from its 2016 baseline. These initiatives reflect Chevron's commitment to addressing climate change and reducing its carbon footprint while continuing to operate in the energy 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.