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Occidental Petroleum Corp
Occidental Petroleum's GHG Emissions Data Preview
In 2024, Occidental Petroleum 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).
However, Occidental Petroleum has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Occidental Petroleum’s Greenhouse Gas (GHG) Emissions Data
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Insights into Occidental Petroleum's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofOccidental Petroleum amounted to22,730,000metric 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 Occidental Petroleumincreased by 3.7%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Occidental Petroleum's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Occidental Petroleum's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Occidental Petroleum were 17,900,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Occidental Petroleum reduced its Scope 1 emissions over time?
Since 2019, Occidental Petroleum's Scope 1 emissions have decreased by 17.21%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Occidental Petroleum's Scope 1 emissions increased by 3.05%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Occidental Petroleum's Scope 2 emissions?
In 2024, Occidental Petroleum reported Scope 2 greenhouse gas (GHG) emissions of 4,830,000 tCOâ‚‚e using the market-based method.a
What methodology does Occidental Petroleum use for Scope 2 reporting?
In 2024, Occidental Petroleum reported its Scope 2 emissions using the market-based method.a
Occidental Petroleum's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Occidental Petroleum's Value Chain Emissions
In 2024, Occidental Petroleum reported 476,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Occidental Petroleum includes a breakdown across 0of 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
Occidental Petroleum's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Occidental Petroleum's Scope 3 emissions?
In 2024, Occidental Petroleum reported total Scope 3 emissions of 476,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Occidental Petroleum reduced its Scope 3 emissions over time?
Since 2019, Occidental Petroleum's Scope 3 emissionshave increased by 16.1%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Occidental Petroleum's Scope 3 emissions increased by 13.88%, suggesting that the company faced challenges in reducing emissions across its value chain.a
Insights into Occidental Petroleum’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Occidental Petroleum reported Scope 1 greenhouse gas (GHG) emissions of 17,900,000 tCOâ‚‚e and total revenues of USD 26,725 millions. This translates into an emissions intensity of 669.78 tCOâ‚‚e per millions USD.a
Occidental Petroleum's Scope 1 Emissions Intensity Compared to Peers
How does Occidental Petroleum's GHG emissions intensity compare to its peers?
In 2024, Occidental Petroleum reported a Scope 1 emissions intensity of 669.78 tCOâ‚‚e per millions USD. Compared to the peer group median of 326.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Occidental Petroleum rank on GHG emissions intensity within its industry?
In 2024, Occidental Petroleum ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Occidental Petroleum among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Occidental Petroleum's Total Carbon Footprint
In 2024, Occidental Petroleum reported a total carbon footprint of 498,730,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.37% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Occidental Petroleum's total carbon footprint was Scope 3 emissions, accounting for 95.44% of the company's total carbon footprint, followed by Scope 1 emissions at 3.59%.a