Murphy Oil

Murphy Oil's carbon emissions and climate commitments:

In 2023, Murphy Oil reported total Scope 1 emissions of approximately 1.08 billion kg CO2e and Scope 2 emissions of about 28.17 million kg CO2e. Their Scope 3 emissions, specifically from the use of sold products, were approximately 24.3 billion kg CO2e.

Looking back, in 2022, the company's Scope 1 emissions were around 1.06 billion kg CO2e, Scope 2 emissions were about 31.71 million kg CO2e, and Scope 3 emissions from the use of sold products were approximately 21.9 billion kg CO2e. In 2021, Murphy Oil's Scope 1 emissions were approximately 925.24 million kg CO2e, Scope 2 emissions were about 42.03 million kg CO2e, and Scope 3 emissions from the use of sold products reached approximately 20.6 billion kg CO2e.

Murphy Oil has set climate commitments to address its emissions. The company aims to reduce its Scope 1 and 2 greenhouse gas emissions intensity by 15% to 20% by 2030, using a 2019 baseline and excluding operations in Malaysia which were divested in 2019. Additionally, Murphy Oil is committed to eliminating routine flaring by 2030, according to the current World Bank definition of routine flaring, for both Scope 1 and Scope 2 emissions.