- Climate change and its impacts on operations and supply chains.
- Maintaining high safety standards across diverse operations.
- Attracting and retaining top talent in a competitive industry.
- Balancing economic growth with environmental stewardship.
- Managing risks associated with political and regulatory changes.
Occidental Petroleum Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Occidental Petroleum Corporation disclosed greenhouse gas emissions of 21.91 million metric tons CO2e (Scope 1 & 2 operated). By scope: Scope 1: 17.37 million metric tons CO2e (operated); Scope 2: 4.55 million metric tons CO2e (operated); Scope 3: 234 million metric tons CO2e (operated). 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
21.91 million metric tons CO2e (Scope 1 & 2 operated)
2023
Water Usage
471.8K megaliters (total withdrawn)
2023
Energy Use
11.0M MWh (purchased electricity)
2023
📊 Emissions by Scope (2023)
| 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). | 17.37 million metric tons CO2e (operated) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.55 million metric tons CO2e (operated) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 234 million metric tons CO2e (operated) |
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 |
|---|---|
| 2023 | 21.91 million metric tons CO2e (Scope 1 & 2 operated) |
| 2022 | 22.50 million metric tons CO2e (Scope 1 & 2, operated basis) |
| 2020 | 24.46 million MtCO2e (2020, Scope 1 & 2 operated) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and Scope 2 GHG emissions by ~20.4% from 2019 and ~2.6% from 2022.
- Reduced methane emissions by ~65.2% from 2019 and ~15.9% from 2022.
- Achieved a ~67% reduction in routine flaring for global oil and gas operations from our 2020 baseline. Sustained zero routine flaring in domestic operations.
- ~96% of the total water withdrawn by Oxy’s U.S. oil and gas operations came from non-fresh sources.
- OxyChem implemented numerous water usage reduction projects, resulting in a reduction of about ~1.19 million barrels of water usage.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce operating emissions
- Complete 30% of construction for Trains 1 and 2 of STRATOS by year-end 2023
- Reduce routine flaring by 50% from 2020 baseline
📅 Medium-term
- Net-zero GHG emissions from operations and energy use before 2040, with an ambition to do so before 2035
- Facilitate geologic storage or use of 25 million MT of captured CO2e per year by 2032
🔭 Long-term
- Net-zero for total emissions inventory including product use before 2050
🌱 ESG Focus Areas
Climate ChangeDiversity, Inclusion and BelongingHealth and SafetyCommunity EngagementWater StewardshipSupply Chain ManagementResponsible ProcurementHuman Rights