ConocoPhillips

Exploration & Production

COP

$ 106 3

Share price

$ 136 bn

Market Cap

$ 138 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

4.2x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

ConocoPhillips aims to achieve net zero for Scope 1 + 2 by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

ConocoPhillips reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 16,200 Kt (-4,300 /-21% y-o-y). At the same time, carbon intensity increased to 862 t (+233/+37% y-o-y).

ConocoPhillips's Scope 3 emissions plunged to 162,700 Kt (-32,500 /-16.6% y-o-y). There has been no consistent trend in recent years.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -540 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	16,200	15,500	700	162,700	18,784	862
2019Q4	20,500	19,500	1,000	195,200	32,567	630
2018Q4	20,800	19,700	1,100	179,000	36,417	571
2017Q4	20,900	19,700	1,200		29,106	718
2016Q4	26,800	25,300	1,500		23,693	1,131
2015Q4	26,100	24,800	1,300
2014Q4	27,700	26,300	1,400

ConocoPhillips

Carbon footprint

Primary Climate Goal

ConocoPhillips aims to achieve net zero for Scope 1 + 2 by 2050

GHG emissions and Carbon intensity

ConocoPhillips's carbon footprint

Company environmental metrics