Conocophillips

ConocoPhillips, a US-based Gas/Diesel Oil industry company, has reported its carbon emissions and climate commitments.

For the year 2024, ConocoPhillips's total global emissions were approximately 46.8 billion kg CO2e. This total comprises Scope 1 emissions of about 15.5 billion kg CO2e, Scope 2 emissions of approximately 931.5 million kg CO2e, and Scope 3 emissions amounting to roughly 29.4 billion kg CO2e, which includes emissions from the use and processing of sold products, as well as upstream transportation and distribution.

Looking back, in 2023, the company reported Scope 1 emissions of approximately 16.4 billion kg CO2e and Scope 2 emissions of about 17.4 billion kg CO2e. In 2022, Scope 1 emissions were around 15 billion kg CO2e, with Scope 2 emissions at approximately 16.1 billion kg CO2e. For 2021, Scope 1 emissions were reported as 17.7 billion kg CO2e and Scope 2 as 18.7 billion kg CO2e.

ConocoPhillips has set several reduction targets. The company aims for zero routine flaring by 2025. Furthermore, it has an ambition for net-zero operational emissions by 2050, based on an absolute emissions basis for both Scope 1 and Scope 2. Near-term targets include reducing GHG emissions intensity by 50-60% by 2030 on both a gross operated and net equity basis, using a 2016 baseline. Historically, a target to reduce GHG emissions intensity by 5-15% by 2030 was set, applying to both Scope 1 and Scope 2 emissions.