- Physical risks from hurricanes, severe storms, floods, heat waves, wildfires, ambient temperature increases, and sea level rise.
- Transition risks including legal, policy, technology, market, and reputational risks.
- Legal risks from climate-related lawsuits.
- Reputational risks from unfavorable ESG ratings and divestment initiatives.
Chevron Corporation
Greenhouse gas emissions & sustainability report data
In its 2020 reporting, Chevron Corporation disclosed greenhouse gas emissions of 61 million tonnes CO2e (2019). By scope: Scope 1: 61 million tonnes CO2e (2019); Scope 2: 3 million tonnes CO2e (2019); Scope 3: 622 million tonnes CO2e (2019). 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
61 million tonnes CO2e (2019)
2020
Water Usage
71 million cubic meters (2019)
2020
Energy Use
894 trillion BTUs (2019)
2020
📊 Emissions by Scope (2020)
| 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). | 61 million tonnes CO2e (2019) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3 million tonnes CO2e (2019) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 622 million tonnes CO2e (2019) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Upstream oil carbon intensity by 31.4 kg CO2e/boe in 2019 from 40.0 kg CO2e/boe in 2016 (40% reduction target by 2028)
- Reduced Upstream gas carbon intensity by 30.0 kg CO2e/boe in 2019 from 32.3 kg CO2e/boe in 2016 (26% reduction target by 2028)
- Reduced Upstream methane intensity by 2.4 kg CO2e/boe in 2019 from 4.3 kg CO2e/boe in 2016 (53% reduction target by 2028)
- Reduced flaring intensity by 4.6 kg CO2e/boe in 2019 from 8.7 kg CO2e/boe in 2016 (66% reduction target by 2028, 0 routine flaring by 2030)
- Invested more than $1 billion in CCUS, reducing emissions by nearly 5 million tonnes per year
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Upstream oil carbon intensity by 40% by 2028
- Reduce Upstream gas carbon intensity by 26% by 2028
- Reduce Upstream methane intensity by 53% by 2028
- Reduce flaring intensity by 66% by 2028, 0 routine flaring by 2030
🌱 ESG Focus Areas
Climate Change