- Increased storm activity materially affecting Gulf of Mexico operations.
- Increased stakeholder concern or negative stakeholder feedback.
- Mandates on and regulation of existing products and services (fugitive methane emissions).
- Carbon pricing mechanisms (EU ETS).
Hess Corporation
Greenhouse gas emissions & sustainability report data
In its 2021 reporting, Hess Corporation disclosed greenhouse gas emissions of 2.5M tCO2e. By scope: Scope 1: 2.5M tCO2e; Scope 2: 388.3K tCO2e (location-based) 0 tCO2e (market-based); Scope 3: 43.4M tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.5M tCO2e
2021
Renewable Energy
100% (Scope 2, market-based)
of total energy
Energy Use
7.4M MWh
2021
📊 Emissions by Scope (2021)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.5M tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 388.3K tCO2e (location-based) 0 tCO2e (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 43.4M tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 2.5M tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced flaring from 68 MMSCFD in 2019 to 31 MMSCFD in 2021, eliminating over 1.2 million tonnes of GHG emissions.
- Achieved a methane intensity reduction rate of 0.18% in 2021, surpassing the 2025 target of 0.19%.
- Purchased 869,928 RECs to offset 100% of Scope 2 emissions from purchased electricity.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Bakken operations routine flaring to 5% in 2022.
📅 Medium-term
- Reduce GHG emissions intensity of operated assets by 50% to 17 kg CO2e per BOE by 2025.
- Reduce methane emissions intensity to 0.19% by 2025.
- Achieve zero routine flaring at all operated assets by 2025.
🔭 Long-term
- Achieve net zero Scope 1 and 2 emissions by 2050 or sooner.
🌱 ESG Focus Areas
Climate ChangeGreenhouse Gas EmissionsMethane EmissionsBiodiversity