Oxy

Oxy, a US-based chemicals company, has outlined significant climate commitments. For 2024, the company reported approximately 22.7 billion kg CO2e for Scope 1 and 2 emissions. In 2023, this figure was approximately 21.9 billion kg CO2e, and in 2022, it stood at approximately 22.5 billion kg CO2e. In 2021, Oxy reported a total of 23.34 billion kg CO2e for Scope 1 and 2, with an additional 21.2 billion kg CO2e in Scope 3 emissions. In 2020, Scope 1 and 2 emissions totalled approximately 23.83 billion kg CO2e, alongside 22.6 billion kg CO2e of Scope 3 emissions.

Oxy has set ambitious targets, including achieving net-zero emissions in its operations and energy use (Scope 1 and 2) before 2040, with an aspiration to reach this goal before 2035. Furthermore, the company aims for net-zero emissions associated with the use of its products before 2050. These targets are part of a broader commitment to advance the goals of the Paris Agreement. Oxy is also subject to California's Executive Order S-3-05, which mandates a reduction of greenhouse gas (GHG) emissions to 80 percent below 1990 levels by 2050.

The company's sustainability reports indicate a focus on reducing GHG emissions intensity for both its oil and gas operations and its chemicals business. For instance, in 2024, the emissions intensity for OxyChem was reported as 661 tonnes CO2e per tonne, and for Oil and Gas (Operated basis), it was 26.9 kg CO2e per BOE. These figures highlight Oxy's ongoing efforts in climate mitigation.