ConocoPhillips

Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
11,800
Ticker
COP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
ConocoPhillips is a leading energy company that engages in the exploration, production, refining, and distribution of oil and natural gas. Its primary function is to manage and monetize hydrocarbon re...

ConocoPhillips's GHG Emissions Data Preview

In 2024, ConocoPhillips 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).

ConocoPhillips has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into ConocoPhillips's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of ConocoPhillips amounted to 16,430,000 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).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of ConocoPhillips decreased by 5.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

ConocoPhillips's Scope 1 Emissions Over Time

201820192020202120222023202405 M10 M15 M20 MtCO2e-1%-21%+14%-15%+9%-6%
  • Total Scope 1
  • Year-over-Year Change

What are ConocoPhillips's Scope 1 emissions?

In 2024, the total Scope 1 emissions of ConocoPhillips were 15,500,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has ConocoPhillips reduced its Scope 1 emissions over time?

Since 2018, ConocoPhillips's Scope 1 emissions have decreased by 21.32%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), ConocoPhillips's Scope 1 emissions decreased by 5.67%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are ConocoPhillips's Scope 2 emissions?

In 2024, ConocoPhillips reported Scope 2 greenhouse gas (GHG) emissions of 930,000 tCOâ‚‚e using the market-based method.

Has ConocoPhillips reduced its Scope 2 emissions over time?

Since 2018, ConocoPhillips's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 15.45%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), ConocoPhillips's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that ConocoPhillips 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does ConocoPhillips use for Scope 2 reporting?

In 2024, ConocoPhillips reported its Scope 2 emissions using the market-based method.

ConocoPhillips's Scope 2 Emissions Over Time

20182019202020212022202320240300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Market-Based

Insights into ConocoPhillips's Value Chain Emissions

In 2024, ConocoPhillips reported 261,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of ConocoPhillips includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain

ConocoPhillips's Scope 3 Emissions Over Time

2018201920202021202220232024070 M140 M210 M280 MtCO2e+9%-17%+21%+5%+5%+20%
  • Total Scope 3
  • Year-over-Year Change

What are ConocoPhillips's Scope 3 emissions?

In 2024, ConocoPhillips reported total Scope 3 emissions of 261,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 3.45% of these emissions originated from upstream activities such as purchased goods and capital goods, while 96.55% came from downstream activities like product use, distribution, and end-of-life treatment.

Has ConocoPhillips reduced its Scope 3 emissions over time?

Since 2018, ConocoPhillips's Scope 3 emissions have increased by 45.81%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), ConocoPhillips's Scope 3 emissions increased by 19.78%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does ConocoPhillips disclose?

In 2024, ConocoPhillips reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of ConocoPhillips's Scope 3 emissions?

In 2024, the largest contributors to ConocoPhillips's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 235,000,000 tCOâ‚‚e (90.04%)
  • Processing of Sold Products (Cat. 10): 17,000,000 tCOâ‚‚e (6.51%)
  • Downstream Transportation and Distribution (Cat. 9): 7,000,000 tCOâ‚‚e (2.68%)

ConocoPhillips's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(6.5%)Use of Sold Products(Cat. 11)(90.0%)DownstreamTransportation andDistribution(Cat. 9)(2.7%)

Insights into ConocoPhillips's Total Carbon Footprint

In 2024, ConocoPhillips reported a total carbon footprint of 277,430,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.89% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to ConocoPhillips's total carbon footprint was Scope 3 emissions, accounting for 94.08% of the company's total carbon footprint, followed by Scope 1 emissions at 5.59%.

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