Hess

Hess, a US-based Gas/Diesel Oil company, reported approximately 57.7 billion kg CO2e in total emissions for 2023. This includes about 2.14 billion kg CO2e in Scope 1 emissions, approximately 464 million kg CO2e in Scope 2 emissions (location-based), and around 55.1 billion kg CO2e in Scope 3 emissions. Notably, Scope 3 emissions in 2023 were primarily driven by the use of sold products, accounting for approximately 53.3 billion kg CO2e, and the processing of sold products, which contributed around 1.8 billion kg CO2e. In 2022, the company's total emissions were approximately 50.87 billion kg CO2e, with Scope 1 emissions at about 2.23 billion kg CO2e, Scope 2 (location-based) at approximately 436 million kg CO2e, and Scope 3 at about 48.2 billion kg CO2e.

Hess has committed to achieving net zero Scope 1 and 2 GHG emissions on an equity basis by 2050. The company aims to reduce the GHG emissions intensity of its operated assets to 17 kg CO2e per BOE by 2025, representing a 44% reduction from a 2017 baseline of 30 kg CO2e per BOE for both Scope 1 and Scope 2. Additionally, in 2019, Hess committed to reducing the GHG emissions intensity of its operated assets by 25% by 2020 (versus a 2014 emissions baseline) for Scope 1 and Scope 2. Hess also supports the aim of the Paris Agreement and a global ambition to achieve net zero emissions by 2050 across all scopes.

Hess's climate commitments and certain performance data are inherited from its parent company, Hess Corporation, and climate initiative information such as CA100+ is cascaded from Chevron Corporation.