Occidental Petroleum Corporation
Carbon footprint
Primary Climate Goal
Occidental Petroleum Corporation aims to achieve net zero for Scope 1 + 2 by 2040
Secondary Climate Goal
Occidental Petroleum Corporation aims to achieve net zero for all Scopes by 2050
GHG emissions and Carbon intensity
Occidental Petroleum Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 24,460 Kt (-3,190 /-11.5% y-o-y). At the same time, carbon intensity was up at 1,374 t (+51/+3.9% y-o-y).
Occidental Petroleum Corporation reported Scope 3 emissions for the the twelve months ending31 December 2020 at 135,000
The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -1,223 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -5,315 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.