Conocophillips

Conocophillips's reported carbon emissions

ConocoPhillips, headquartered in the US, has reported a total global carbon emissions figure of approximately 47.2 billion kg CO2e for 2024. This total encompasses Scope 1, Scope 2, and Scope 3 emissions. In 2024, ConocoPhillips's Scope 1 emissions were approximately 15.5 billion kg CO2e, with Scope 2 emissions totalling approximately 931.5 million kg CO2e. Scope 3 emissions were significantly higher, reaching approximately 30.1 billion kg CO2e, largely driven by the use of sold products and the processing of sold products. For 2023, the company reported Scope 1 emissions of approximately 16.4 billion kg CO2e and Scope 2 emissions of approximately 17.4 billion kg CO2e. Scope 3 emissions for 2023 were not disclosed. ConocoPhillips has set several climate-related targets. The company aims for zero routine flaring by 2025, aligning with but preceding the World Bank Initiative's 2030 goal. This target applies to both Scope 1 and Scope 2 emissions. Furthermore, ConocoPhillips has an ambition for net-zero operational emissions by 2050, stated on an absolute emissions basis for both Scope 1 and Scope 2. For near-term reductions, ConocoPhillips aims to reduce its GHG emissions intensity by 50-60% by 2030, using a 2016 baseline for both gross operated and net equity emissions. This intensity target applies to Scope 1 and Scope 2 emissions. Historically, in 2019, the company set a long-term target to reduce its GHG emissions intensity by 5-15% by 2030, with a baseline from 2017 operations. This target applies to both Scope 1 and Scope 2 emissions.