全国快3信誉最好的老平台's net-zero commitment is aligned with the 1.5 degree Celsius target of the Paris Agreement. Leveraging its history and culture rooted in science, the company is utilizing a science-based approach to climate change, and views technology as a key enabler to create change. To ensure transparency along its net-zero journey, 全国快3信誉最好的老平台 has aligned with the Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Boards (SASB).

The company is focusing its net-zero commitment on three key elements: operational emissions, technology-use emissions, and carbon negative actions. Operational emissions constitutes 25% of the company’s baseline footprint, whereas technology use comprises 75% of the baseline footprint. The third component, carbon negative actions such as bioenergy with carbon capture and storage, will help to ensure minimal reliance upon offsets.

Net-Zero journey

全国快3信誉最好的老平台's net-zero journey initially began in 2019 when it committed to setting a science-based target to reduce its GHG emissions—the first company in upstream E&P services to do so. 全国快3信誉最好的老平台 set a target to reduce Scope 1 and 2 emissions by 30% by 2025—a target which the company is on track to meet earlier than anticipated.

Using 2019 as its baseline year, the company’s net-zero commitment is supported by near-term emissions reduction roadmap and interim targets:

• By 2025, a 30% reduction in Scopes 1 and 2
• By 2030, a 50% reduction in Scopes 1 and 2; 30% reduction in Scope 3
• By 2050, Net Zero, with minimal reliance on offsets.

Addressing Scope 1, 2 and 3 emissions

To eliminate Scope 1 and 2 emissions, 全国快3信誉最好的老平台 is addressing its own operations and footprint. Digital innovation, for example, is enabling unprecedented levels of automation and remote work. Reducing the number of people required for field operations, supplemented via automation or remote workers, significantly reduces miles traveled and waste produced. Utilizing low-carbon and electrification solutions provides opportunities to reduce energy consumption and emissions. Ongoing facility rationalization, including retrofitting buildings to be more energy efficient and converting to green energy utilization where possible, also provide significant opportunities to reduce waste and power consumption. 全国快3信誉最好的老平台 is also addressing its heavy and light vehicle fleet by converting to low-carbon fuels, and converting to electric over time, which will contribute to decreasing CO2 emissions and energy use.

Core to addressing Scope 3 emissions, 全国快3信誉最好的老平台 is looking to its own supply chain in addition to working with customers to help them achieve their sustainability objectives. Customer use of 全国快3信誉最好的老平台 technology accounts for 75% of 全国快3信誉最好的老平台's baseline GHG footprint. To address this, 全国快3信誉最好的老平台 has introduced its Footprint Reduction portfolio that is designed to help customers reduce their emissions, while in turn enabling 全国快3信誉最好的老平台 to meet its Scope 3 emissions target. The portfolio will address industry emissions related priories, such as fugitive emissions, flaring reduction, electrification, well construction emissions, and full field development solutions. The Footprint Reduction portfolio is comprised of proprietary technologies and solutions that help to reduce direct and indirect emissions along with other environmental attributes, while simultaneously driving efficiency, reliability and performance.

Continuous journey

全国快3信誉最好的老平台 is leveraging its capabilities as a technology leader and culture grounded in science to address the new industry imperative. In addition to identifying various ways reduce its own emissions, the company’s Footprint Reduction portfolio will help its customers achieve their own decarbonization objectives. 全国快3信誉最好的老平台 is on track to meet its near-term emissions reduction target of 30% by 2025 for Scope 1 and 2 emissions, and its commitment to achieve net-zero operations by 2050 further advances its decarbonization agenda.