In 2024, Chevron completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Chevron has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 53,000,000a | 52,000,000a | 53,000,000a | |
Total Scope 2 | ||||
Market-Based | 2,000,000a | 1,000,000a | 1,000,000a | |
Location-Based | 2,000,000a | 2,000,000a | N/A | |
Total Scope 3 | 616,000,000a | 576,000,000a | 592,000,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 274.0236a | 264.076a | 224.8459a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Chevron amounted to 55,000,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Chevron increased by 1.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Chevron were 53,000,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Chevron's Scope 1 emissions have decreased by 15.87%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Chevron's Scope 1 emissions increased by 1.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Chevron reported Scope 2 greenhouse gas (GHG) emissions of 2,000,000 tCO₂e using the market-based method and 2,000,000 tCO₂e using the location-based method.a
Compared to the previous year (2023), Chevron's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Chevron reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Chevron reported 616,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Chevron includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Chevron reported total Scope 3 emissions of 616,000,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Chevron's Scope 3 emissionshave remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), Chevron's Scope 3 emissions remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Chevron reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Chevron's Scope 3 emissions were:a
In 2024, Chevron reported Scope 1 greenhouse gas (GHG) emissions of 53,000,000 tCO₂e and total revenues of USD 193,414 millions. This translates into an emissions intensity of 274.02 tCO₂e per millions USD.a
In 2024, Chevron reported a Scope 1 emissions intensity of 274.02 tCO₂e per millions USD. Compared to the peer group median of 331.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Chevron ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Chevron is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Chevron reported a total carbon footprint of 671,000,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Chevron's total carbon footprint was Scope 3 emissions, accounting for 91.8% of the company's total carbon footprint, followed by Scope 1 emissions at 7.9%.a