Occidental Petroleum Corp
Occidental Petroleum's Climate Target Data Preview
As of 2024, Occidental Petroleum has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 2 intensity-based target 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 Occidental Petroleum ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a, b | 2025 |
Absolute-based Target* | Scope 1 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product from Unspecified Activities | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | Copy restricted. Please purchase to unlock this data.  a, b | 2025 |
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Verified Sources Behind Occidental Petroleum’s Climate Targets Data
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Insights into Occidental Petroleum's Greenhouse Gas Emissions Pathways
As of 2024, Occidental Petroleum 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. a b
Does Occidental Petroleum have a target to reduce the emissions from its operations?
As of 2024, Occidental Petroleum has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b
Occidental Petroleum's most ambitious operational target is to reduce these emissions by 100% by 2030, compared to a baseline of 2,320,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a b
As of 2023, Occidental Petroleum is ahead of schedule on its operational emissions reduction target, having achieved 62.5% of the planned reduction. a b