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 - Electricity, Scope 2 - Steam | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Crude Oil Produced | -43%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 Natural Gas Produced | -26%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 | -2%a | 2028 |
Intensity-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | -56%a | 2028 |
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 | -5%a | 2028 |
Intensity-based Target | Scope 1 - Flaring | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Natural Gas Produced | -66%a, b | 2028 |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
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
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
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