Occidental Petroleum Corporation

Integrated Oil & Gas
OXY
$ 59 (5.1)%
Share price
$ 55 bn
Market Cap
$ 90 bn
Enterprise Value

Carbon footprint

259 Ton
GHG emissions per $ 1 mln investment
6.5x the weighted average for S&P 500
FY2021
How is this calculated?
-1.2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Occidental Petroleum Corporation aims to achieve net zero for Scope 1 + 2 by 2040


This target has not been verified as science based according to SBTi
Occidental Petroleum Corporation's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Occidental Petroleum Corporation aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Occidental Petroleum Corporation's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Occidental Petroleum Corporation's GHG emissions (location-based) (Kt of CO2e)
Occidental Petroleum Corporation's Carbon intensity (Tons per 1 USDm)

Occidental Petroleum Corporation's carbon footprint

Occidental Petroleum Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 23,293 Kt (-288 /-1.2% y-o-y). At the same time, carbon intensity grew to 1,324 t (+15/+1.1% y-o-y).

Occidental Petroleum Corporation's Scope 3 emissions increased to 193,800 Kt (+58,800/+44% y-o-y).

The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -1,226 Kt per annum over the period of FY2022 - 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 -7,486 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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