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 74% 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 15507000000 kg CO2e for Scope 1, 16438000000 kg CO2e for Scope 2, and significant Scope 3 emissions, including about 236000000000 kg CO2e from the use of sold products. The company has set ambitious climate commitments, aiming for zero routine flaring by 2025, which is five years ahead of the World Bank Initiative's target. Additionally, ConocoPhillips aims to reduce greenhouse gas emissions intensity by 50-60% by 2030 from a 2016 baseline, with a long-term goal of achieving net-zero operational emissions by 2050. In 2023, the company reported Scope 1 and 2 emissions of approximately 10653000000 kg CO2e in the US and 2072000000 kg CO2e in Australia. The 2022 global emissions were approximately 15008000000 kg CO2e for Scope 1 and 16068000000 kg CO2e for Scope 2. These figures reflect the company's ongoing efforts to manage and reduce its carbon footprint across its operations. ConocoPhillips' climate strategy includes a commitment to review and adjust its performance targets periodically, aligning with the principles of the Paris Agreement. The company does not currently include Scope 3 emissions in its reduction targets due to the complexities of double-counting in the energy sector. Overall, ConocoPhillips is actively working towards significant emissions reductions while maintaining transparency in its reporting and commitments.
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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 |
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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.
