Exxon Mobil has set target for net-zero scope 1 and scope 2 emissions from operated assets by 2050, and to reach scope 1 and scope 2 net zero in Upstream Permian Basin unconventional operated assets by 2030. The company is actively engaging with industry to improve emission factors and methodologies, including measurements and estimates. ExxonMobil's latest filings mentioned the keywords 'Emissions' and 'Recycling' most number of times in relation to 'Net Zero'.

ExxonMobil has taken steps to reduce emissions, including evaluating the potential impact of its emissions to the communities where it operates. From 2016 to 2021, total reportable emissions of volatile organic compounds, sulfur oxides, and nitrogen oxides decreased by approximately 24% at operated assets. Moreover, there was a 36% decrease in controlled hydrocarbon discharges to water during 2016-2021. The company has also recycled nearly 100 million barrels of water in 2021, which enabled it to offset almost half of its water needs for fracking operations. ExxonMobil is advancing infrastructure and technology for collecting, sorting, and processing discarded plastics, which includes its plans to build approximately 500,000 metric tons annually of advanced recycling capacity by year-end 2026 across multiple sites.

ExxonMobil's emission-reduction roadmaps to drive toward net-zero are dependent on future market factors, such as continued technological progress and policy support, and represent forward-looking statements. The company's approach to progressing product safety incorporates applicable regulatory requirements and globally accepted practices and takes into account views expressed by relevant stakeholders.

ExxonMobil's Advancing Climate Solutions Progress Report outlines the company's approach to help reduce greenhouse gas emissions in support of a net-zero future. The company is focused on scaling up carbon capture and storage, hydrogen, and biofuels opportunities that underpin its Low Carbon Solutions business. These actions support its 2030 greenhouse gas emission reduction plans and its net-zero by 2050 ambition concerning Scope 1 and 2 emissions at operated assets.

ExxonMobil is dedicated to ambitious targets for achieving net-zero scope 1 and scope 2 emissions, actively participating in emission reduction efforts, recycling initiatives, and advancing low-carbon solutions to align with its commitment to a net-zero future. The company offers innovative solutions to decrease emissions in its operated assets, assist customers in emission reduction, and develop scalable technologies to drive decarbonization in high-emitting sectors.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.