Chevron Corp
Chevron's Climate Target Data Preview
As of 2024, Chevron has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 6 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Chevron's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Sold | Copy/Paste is a PRO feature.  a | 2028 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Electricity, Scope 2 - Steam | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Crude Oil Produced | 0000000 | 2028 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Electricity, Scope 2 - Steam | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced | Copy/Paste is a PRO feature.  a | 2028 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Electricity, Scope 2 - Steam, Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Crude Oil Processed | 0000000 | 2028 |
Intensity-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | Copy/Paste is a PRO feature.  a | 2028 |
Intensity-based Target | Scope 1 - Flaring | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced | Copy/Paste is a PRO feature.  a, b | 2028 |
Verified Sources Behind Chevron’s Climate Targets Data
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Insights into Chevron's Greenhouse Gas Emissions Pathways
As of 2024, Chevron has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.ab
Does Chevron have a target to reduce the emissions from its operations?
As of 2024, Chevron has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.ab
Chevron's most ambitious operational target is to reduce these emissions by 66% by 2028, compared to a baseline of 0.009 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced in 2016.ab
As of 2024, Chevron is ahead of schedule on its operational emissions reduction target, having achieved 99.27% of the planned reduction.ab
Chevron's Operational (Scope 1+2) Emissions Pathway
Does Chevron have a target to reduce its total carbon footprint?
As of 2024, Chevron has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
Chevron's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Sold in 2016, by 5.21% by 2028.a
Chevron has already surpassed its total carbon footprint reduction target, with 2024 levels falling below the 2028 value, achieving its climate goal ahead of schedule.a