Chevron

Chevron, a US-based company in the crude petroleum and services related to crude oil extraction industry, reported Scope 1 emissions of approximately 54 billion kg CO2e, Scope 2 market-based emissions of about 4 billion kg CO2e, and Scope 3 use of sold products emissions of approximately 1,565 billion kg CO2e in 2024. In 2023, the company's Scope 1 emissions were approximately 52 billion kg CO2e, Scope 2 market-based emissions were about 4 billion kg CO2e, and Scope 3 emissions were approximately 1,566 billion kg CO2e.

Chevron has committed to achieving net-zero Scope 1 and 2 upstream emissions by 2050, an aspiration announced in 2021. The company has also set near-term intensity targets, aiming for a 20-25% reduction in methane emissions intensity and a 25-30% reduction in flaring intensity between 2019 and 2023. This is part of Chevron's commitment to manage GHG emissions by improving energy efficiency, reducing flaring and venting, and fixing methane leaks. Furthermore, a target for flaring intensity of 3.0 kg CO2e/boe by 2028 represents a 66% reduction from their 2016 baseline. Since 2013, Chevron has reduced flaring and associated emissions by 22%.