Conocophillips Sustainability Profile
ConocoPhillips, a leading global oil and gas exploration and production company, is headquartered in the United States. Founded in 1875, the company has established a strong presence in key operational regions, including North America, Europe, and Asia. Specialising in upstream activities, ConocoPhillips focuses on the exploration, production, and transportation of crude oil, natural gas, and natural gas liquids. With a commitment to innovation and sustainability, ConocoPhillips has achieved significant milestones, including advancements in technology and operational efficiency. The company is recognised for its robust portfolio of assets and its strategic approach to resource management, positioning it as a formidable player in the energy sector. Notable achievements include its strong market position and dedication to responsible energy development, making ConocoPhillips a trusted name in the industry.
DitchCarbon Score
How does Conocophillips's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Conocophillips's score of 39 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Conocophillips's reported carbon emissions
In 2024, ConocoPhillips reported total carbon emissions of approximately 155.1 million kg CO2e from Scope 1, 16.4 million kg CO2e from Scope 2, and 236 million kg CO2e from Scope 3 emissions, leading to a calculated total of approximately 408.5 million kg CO2e. The company has set ambitious climate commitments, including a target to achieve zero routine flaring by 2025, which is five years ahead of the World Bank Initiative's goal. Additionally, ConocoPhillips aims to reduce greenhouse gas emissions intensity by 50-60% by 2030, using a 2016 baseline for both Scope 1 and Scope 2 emissions. The company's long-term ambition includes achieving net-zero operational emissions by 2050, based on absolute emissions. This commitment reflects a significant shift towards sustainability within the oil and gas sector, aligning with global climate goals. ConocoPhillips' emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 25,928,475,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 1,625,189,000 | 0,000,000,000 | - | - | - | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000,000 |
How Carbon Intensive is Conocophillips's Industry?
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Conocophillips's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 90% of Scope 3 emissions.
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Conocophillips's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Conocophillips has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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