Oxy, officially known as Oxy, Inc., is a prominent player in the chemicals industry, headquartered in the United States. Specialising in chemicals not classified elsewhere (nec), the company serves a diverse range of sectors with a focus on innovative solutions and high-quality products. Since its founding in 1980, Oxy has established a strong market presence through continuous development and strategic expansion across North America and beyond.
The company's core offerings include specialised chemical products and services tailored to industrial applications, with a reputation for reliability and technical expertise. Oxy’s achievements in delivering customised chemical solutions have positioned it as a notable leader within its niche market. Its commitment to innovation and operational excellence underscores its role as a key contributor to the chemicals nec industry.
-1 vs industry average
Oxy’s score of 28 is lower than 47% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Chemicals is among the most carbon-intensive industries
Industry performance
The Chemicals industry has reduced its overall emissions by 19% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Oxy's reported carbon emissions
Oxy's Climate Commitments and Emissions Overview
Oxy, a chemicals nec company based in the US, has outlined significant climate commitments. The company aims for net-zero emissions in its operations and energy use (Scope 1 and 2) before 2040, with an ambition to achieve this before 2035. Furthermore, Oxy has a long-term ambition to achieve net-zero emissions associated with the use of its products by 2050. These targets are aligned with advancing the goals of the Paris Agreement.
For the reporting year 2024, Oxy reported Scope 1 emissions of approximately 17.9 billion kg CO2e and Scope 2 emissions (market-based) of about 2 billion kg CO2e. Scope 1 and 2 emissions combined for 2024 were approximately 22.7 billion kg CO2e. The company also disclosed Scope 2 emissions based on the location-based method, totalling approximately 22.6 billion kg CO2e for 2024. In 2023, Scope 1 emissions were approximately 17.37 billion kg CO2e, and Scope 2 emissions (market-based) were about 4.83 billion kg CO2e, with combined Scope 1 and 2 emissions totalling approximately 21.91 billion kg CO2e.
In 2021, Oxy reported Scope 1 emissions of approximately 18.5 billion kg CO2e and Scope 2 emissions of about 4.84 billion kg CO2e. For the same year, Scope 3 emissions were reported at a substantial 212 billion kg CO2e, and the total for Scope 1, 2, and 3 emissions was approximately 235.34 billion kg CO2e. In 2020, Scope 1 emissions were approximately 19.02 billion kg CO2e, Scope 2 emissions were about 4.81 billion kg CO2e, and Scope 3 emissions were approximately 226 billion kg CO2e, bringing the total for Scope 1, 2, and 3 emissions to around 249.83 billion kg CO2e.
Oxy also reported that it is not disclosing Scope 3 emissions data for the years 2022, 2023, and 2024, with a missing data point specifically for "purchased goods and services." The company's climate reporting references an executive order mandating a reduction of GHG emissions to 80 percent below 1990 levels by 2050.
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Oxy’s Climate Goals (2030 & 2050)
4 goals2040
Net-zero emissions in our operations and energy use (Scope 1…
Net-zero emissions in our operations and energy use (Scope 1 and 2)* before 2040, with an ambition to achieve before 2035;
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Oxy
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