sustainability

climate

We all have a stake in a reliable, affordable energy system. Our belief that the future is lower carbon drives Chevron's lower carbon ambitions and the actions we take to advance them.

read our climate report

future outlook

fueling a lower carbon future

The world’s energy demand is greater than any other time in human history. We’re working to meet demand today and help build the energy system of tomorrow.

by 2050 global population is expected to rise by 2 billion

Increasing urbanization and income drive demand.

a mix that includes oil and gas can help satisfy those demands

Sources: IEA, World Energy Outlook 2022, iea.org/reports/world-energy-outlook-2022, License: CC BY 4.0 (report), CC BY NC SA 4.0 (Annex A); BNEF Scenarios: Energy Transition Scenario 2022, Net Zero Scenario 2022; Wood Mackenzie Scenarios (2022): Energy Transition Outlook, Accelerated Energy Transition 2° C; S&P Global Commodity Insights Scenarios (2022): Inflections (IHSM), Green Rules (IHSM), Discord (IHSM), Accelerated CCS (IHSM), Multitechnology Mitigation (IHSM), December Most Likely Case (Platts), 2° C Case (Platts).
*Other low-carbon energy (nuclear, hydrogen and biomass)

strategy

our strategy is clear

We’re leveraging our strengths to safely deliver lower carbon energy to a growing world:

working to lower the carbon intensity of our operations

investing to grow capabilities in new energies

our lower carbon targets

We are investing to grow our oil and gas business, lower the carbon intensity of our operations and pursue new lower carbon businesses.

lower carbon investments from 2021 through 2028

$8.0B

carbon reduction projects from 2021 through 2028

$2.0B

As the world works toward achieving the goals of the Paris Agreement, we set targets to lower our carbon emissions intensities by 2028.*

portfolio carbon intensity
CO₂e/MJ

(scope 1, 2 and 3) by 2028

71g

oil carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

24kg

refining carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

36kg

gas carbon intensity
CO₂e/boe

(scope 1 and 2) by 2028

24kg

learn more in our climate report

*Chevron’s ability to achieve any goal, target or aspiration, including with respect to climate-related initiatives, our lower carbon strategy and any lower carbon new energy businesses, is subject to numerous risks, many of which are outside of our control. Chevron regularly evaluates its goals, targets and aspirations and may eliminate, increase or decrease them for various reasons, including market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors. For Forward-Looking Statements and Other Disclaimers, visit https://www.chevron.com/terms-of-use#forward-lookingstatementsandotherdisclaimers

in action

evolving world energy solutions

From carbon capture and storage, to managing methane emissions and building renewable fuels businesses, we’re working to produce more energy with lower carbon intensity.

keeping methane in the pipe

Managing methane emissions takes collaboration. It takes enhancing process controls and systems. We’re putting advanced technology to work and designing, where possible, new upstream facilities without routine emissions.

learn more

capturing carbon

Carbon capture and storage can contribute to a lower carbon future. We’re working to develop carbon capture technologies. And we’re advancing solutions to help reduce the carbon emissions of hard-to-abate industries.

learn about ccus

developing renewable fuels

Many renewable fuels are compatible with existing infrastructure and can be used with current technologies. Making them an attractive lower-carbon solution.

discover renewable fuels

California voluntary carbon market disclosures act (AB-1305)