Investor Presentaiton
Decarbonizing
Operations
and Reducing
GHG
Emissions
COMMITMENT
Monitor and disclose Scope
1+2 GHG emissions
Monitor and disclose Scope
1 CO₂e emissions intensity
Monitor and disclose
methane emissions
intensity, produced
oil and gas
Disclose Occidental's
2030 goals for oil and gas
operations CO₂e emissions
intensity (tonnes/BOE)
Disclose Occidental's
2030 goals for oil and
gas operations methane
emissions intensity
(tonnes/BOE)
Limit the upstream CO₂e
emissions intensity for
new U.S. oil and gas
field production activities
starting in 2020 to a
level that is 10% below
the 2018 value
**
ACTION
Occidental reports emissions
and other climate-related data at
oxy.com/sustainability/performance
Aligned with OGCI, Occidental has set
a mid-term target to reduce upstream
oil and gas emissions intensity from
0.0392 in 2017 to 0.02 MTCO₂e/BOE,
by 2025.
Aligned with OGCI, Occidental has
set a mid-term target to reduce
methane emissions intensity from
0.39% in 2017 to below 0.25%
(based on marketed gas), by 2025.
Occidental's upstream CO2 emissions
intensity value for 2018 is 0.0352 MT/
BOE. For new U.S. oil and gas field
production, we have set an average
upstream target limit of <0.0317
MTCO₂e/BOE starting from 2020
and progress to 0.02 MTCO₂e/BOE
by 2025.
COMMITMENT
Reduce GHG emissions
(Scope 1+2) associated
with chemicals production
ACTION
Beginning in 2020, OxyChem has
set a target to reduce total GHG
emissions (CO₂e) 2.33% by 2025.
Reduce GHG emissions
intensity (Scope 1+2) of
chemicals production
OxyChem has a target to
reduce GHG intensity of its
products (CO₂e/ton of product)
2.7% by 2025.
Develop and disclose a metric
to account for net-zero
End routine gas flaring
by 2030
Fulfill API Environmental
Partnership commitments
for leak detection surveys
and high-bleed pneumatics
replacement
Community investment
supporting Sustainable
Development Goals (SDG)
**
In this report, we announced our
net-zero aspiration for reported
Scope 1, 2 and 3 emissions, and
Total Carbon Impact.
In 2020, Occidental endorsed and
committed to the World Bank's
"Zero Routine Flaring by 2030"
initiative. Occidental will eliminate
all (100%) routine flaring by 2030.
In 2019, Occidental completed
more than 900 surveys, exceeding
our annual commitment to the API
Environmental Partnership.
Beginning with 2020, social
investments data will attribute the
amount supporting SDG.
OXY
ONGOING
NEW COMMITMENT
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