Conocophillips

Conocophillips, a US-headquartered company in the Gas/Diesel Oil industry, reported total carbon emissions of approximately 277.6 billion kg CO2e in 2024. This comprised Scope 1 emissions of around 15.5 billion kg CO2e, Scope 2 emissions of about 931.5 million kg CO2e, and significant Scope 3 emissions. The Scope 3 emissions included approximately 235.4 billion kg CO2e from the use of sold products, around 17.2 billion kg CO2e from the processing of sold products, about 2.2 billion kg CO2e from upstream transportation and distribution, and approximately 6.6 billion kg CO2e from downstream transportation and distribution.

Looking back, in 2023, the company's Scope 1 emissions were approximately 16.4 billion kg CO2e, and Scope 2 emissions were around 17.4 billion kg CO2e. In 2022, Scope 1 emissions stood at roughly 15.0 billion kg CO2e, with Scope 2 emissions at about 16.1 billion kg CO2e.

Conocophillips has established several climate commitments. The company aims for net-zero Scope 1 and Scope 2 operational emissions by 2050 on an absolute emissions basis. In the near term, it is targeting a 50-60% reduction in Scope 1 and Scope 2 GHG emissions intensity by 2030, using a 2016 baseline. Additionally, the company is committed to achieving zero routine flaring for Scope 1 and Scope 2 emissions by 2025, five years ahead of the World Bank Initiative's 2030 goal. Earlier targets included a long-term goal to reduce overall GHG emissions intensity between 5% and 15% by 2030, from a 2017 baseline, for both Scope 1 and Scope 2 emissions.