Hess

Hess, a US-based Gas/Diesel Oil company, reported approximately 57.7 billion kg CO2e in total Scope 1, 2, and 3 emissions for 2023. This comprised about 2.14 billion kg CO2e in Scope 1 emissions and approximately 464 million kg CO2e in Scope 2 (location-based) emissions. A substantial portion of their emissions, roughly 55.1 billion kg CO2e, fell under Scope 3, with about 53.3 billion kg CO2e from the use of sold products and around 1.8 billion kg CO2e from the processing of sold products.

Looking back, their total Scope 1 and 2 market-based emissions have seen a reduction from approximately 3.26 billion kg CO2e in 2020 to 2.14 billion kg CO2e in 2023. Scope 1 emissions have decreased from approximately 3.13 billion kg CO2e in 2020 to 2.14 billion kg CO2e in 2023.

Hess has committed to achieving net-zero Scope 1 and 2 GHG emissions on an equity basis by 2050. Additionally, the company aims to reduce the GHG emissions intensity of its operated assets to 17 kg CO2e per barrel of oil equivalent (BOE) by 2025, against a 2017 baseline of 30 kg CO2e per BOE, representing a 44% reduction target for both Scope 1 and Scope 2. Hess also supported the aim of the Paris Agreement and a global ambition to achieve net-zero emissions by 2050, encompassing all scopes. Earlier, for 2020, they targeted a 25% reduction in the GHG emissions intensity of their operated assets for Scope 1 and Scope 2, compared to a 2014 baseline.

Emissions data for Hess is reported directly by Hess Corporation.