Investor Presentaiton
Climate-Related Commitments and Targets
Net-zero for our operational and energy use
emissions (Scope 1 and 2) before 2040,
with ambition to achieve before 2035
+
Net-zero for our total emissions inventory
including product use (Scope 1, 2, and 3),
with ambition to achieve before 2050
+
Total carbon impact through carbon
removal and storage technology and
development past 2050
2025 EMISSIONS
REDUCTION TARGETS
OCCIDENTAL OIL AND GAS*
TOTAL DIRECT AND INDIRECT
GHG EMISSIONS INTENSITY
0.02
MTCO₂e/BOE
OXYCHEM
TOTAL SCOPE 1+2 GHG
EMISSIONS BY
+187,990
MTCO₂e
Occidental has set the following 2025 GHG
emissions-reduction targets for operations:
METHANE EMISSIONS
INTENSITY
<0.25%
OF MARKETED GAS
TOTAL DIRECT AND
INDIRECT GHG EMISSIONS
+2.33%
BY 2025
ROUTINE FLARING
ELIMINATION
+100%
BY 2030
TOTAL DIRECT AND INDIRECT
GHG EMISSIONS INTENSITY
+2.7%
BY 2025
BY 2025
OXY
*Total GHG (Scope 1+ Scope 2) and Methane Emission Intensity targets are aligned with Oil and Gas Climate Initiative (OGCI) targets.
Methane emissions intensity refers to the amount of methane emissions from Occidental's operated oil and gas assets as a percentage of
the total gas produced and marketed.
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