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Sustainability

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Oxy's environmental stewardship practices and performance focus on climate change, 能源使用和温室气体排放管理, 生物多样性及生境保育, and water and waste management.

鹤在河边的花丛中

oxy的环境管理

At Oxy, we have a long-standing Health, Safety, Environmental and Sustainability (HSE&S) Policy to seek improvement in resource conservation and recovery, pollution prevention and energy efficiency and to responsibly remediate impacts from acquired and legacy operations or waste management practices in accordance with our HSE&S Principles. We integrate these activities through our Operating Management System and its rigorous policies and procedures that promote compliance with environmental laws, regulations, 以及内部标准和指导方针. We strive to apply technologies to conserve or reuse resources, design facilities to minimize our impact on communities and ecosystems and work with stakeholders to preserve habitat and biodiversity. Oxy understands its dependencies on the environment need to be managed effectively for business continuity to meet customer needs and community expectations.

气候战略和净CQ9电子转型

Oxy recognizes the significant challenge climate change poses to our society and is committed to be part of the solution. We are leveraging our expertise in carbon management and storage in our plans to achieve net zero and accelerate progress on the global climate goals of the Paris Agreement. 我们致力于将人们聚集在一起, resources, innovative technology and our 50+ year legacy of carbon management to accelerate the multiple avenues in our pathway to net zero, 同时也帮助别人这样做. As the first U.S. oil and natural gas producer to establish net-zero emissions goals for our operations and products (Scopes 1, (2)和(3)符合《CQ9电子》的目标, we’ve taken a leadership role in developing solutions to accelerate a lower-carbon economy. We are focused on advancing Direct Air Capture (DAC) solutions and carbon dioxide (CO2) sequestration hubs—which we believe are essential to meet the goals of the Paris Agreement while supporting the diverse energy supply that society needs. Our strategy employs four key elements to achieve net-zero emissions in our operations and energy use before 2040 and aiming for 2035 and in our total carbon inventory, 包括使用我们的产品, before 2050.

Achieving our climate goals involves a multi-pronged approach to lower both greenhouse gas (GHG) emissions and atmospheric concentrations of CO2, and we have established multiple interim targets to promote sustained progress toward net zero. Our 2023 Climate Report, 引领碳管理, describes our efforts to develop and deploy revolutionary technologies to help society achieve net zero while meeting urgent needs for energy and essential products. Direct Air Capture (DAC) and sequestration hubs are key exampIes of carbon removal technologies we are advancing that the U.S. government and leading international organizations have called for to meet the goals of the Paris Agreement.

Oxy's Original Net-Zero Strategy 图表来自我们的《CQ9电子》.

Leveraging 50+ Years of CO2 Management Expertise

Oxy has among the largest CO2 管理运作的世界. Our subsurface engineering teams have decades of experience characterizing reservoirs for CO2 存储在我们的提高石油采收率(EOR)作业中. This expertise enables us to broaden our portfolio of storage options beyond oil and gas fields to include sequestration hubs using saline formations. 另一个关键的区别是我们的综合, enterprise-wide strategy, which is predicated on our 50+ years of experience with integrated carbon management and large-scale carbon separation, transportation, recycling and storage applied in our enhanced oil recovery (EOR) business to offer future opportunities to supply net-zero oil. Oxy is building an integrated portfolio of low-carbon projects, products, technologies and companies that complement our existing businesses, 利用我们在CO方面的竞争优势2-EOR, reservoir management, drilling, 基础化学和重大基础设施项目, and are designed to sustain long-term shareholder value as we implement the net-zero transition.

We launched Oxy Low Carbon Ventures (OLCV) in 2018 to leverage our industry-leading experience in managing CO2 and provide impactful global solutions to advance net-zero emissions. The core of OLCV’s strategy is to design and implement innovative, scalable solutions that help society achieve carbon neutrality and accelerate the transition to a net-zero economy. 1PointFive focuses on commercializing and deploying Carbon Capture, Utilization and Storage (CCUS) and DAC technologies at scale to remove CO2 from industrial processes and the atmosphere, using the captured CO2 帮助生产低碳产品, like fuels, chemicals and concrete, and injecting residual CO2 in secure underground oil and gas or saline formations for long-term sequestration to meet our ambitious net-zero goals.

净CQ9电子石油:低碳产品之路

The United Nations Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA) 1.5°C scenarios show 2050 oil demand at up to 50% of today’s levels, specifically for hard-to-abate sectors that will continue to require liquid fuels and for hydrocarbon feedstocks. A key part of our strategy is to establish a supply of lower-carbon oil and gas to meet this need with a decarbonized product. By pairing DAC with our existing infrastructure, we aim to remove an amount of CO2 equivalent to that emitted during the production and consumption of our products. 除了我们减少运营排放的计划, 我们相信,这将导致石油和天然气的净CQ9电子排放, which can then be used to produce lower-carbon fuels and other essential materials— all with a lower-carbon footprint.

减少温室气体排放、甲烷和燃烧

Oxy is committed to improving operational performance by implementing practices and technologies designed to reduce our emissions and maximize the use of our natural gas production. We are implementing a diverse range of projects to capture natural gas that has traditionally been flared, 并利用它来促进能源生产, 维持现场压力或出售给第三方.

奥施康定作为美国第一家.S. 生产商支持国际承诺, including the World Bank’s Zero Routine Flaring by 2030 initiative and the Energy Transition Principles, and the first U.S.总部位于美国二叠纪盆地的石油生产商将加入联合国发起的石油联盟 & 天然气甲烷伙伴关系(OGMP.0 further illustrates our 致力于减少温室气体排放 successfully accelerate a lower-carbon economy while meeting the needs and aspirations of a growing, 能源依赖型全球人口.

Oxy is a member of the Oil and Gas Climate Initiative (OGCI), a 12-member CEO-led initiative that focuses on leading the industry’s response to climate change and accelerating action towards a net zero future. OGCI focuses on partnering, capacity building and innovations to target key technologies and areas that can have the greatest impact on emissions reductions. We are also an active participant in emissions reduction programs promoted through multiple associations, 包括甲烷指导原则(MGP), 石油和天然气甲烷伙伴关系.0 (OGMP 2.0), 环保伙伴计划(TEP), and the World Bank's Zero Routine Flaring by 2030 Initiative. In addition, Climate Investment (CI) is a $1 billion-plus fund to which Oxy and other OGCI members contribute to invest in innovations that deliver capital-efficient decarbonization solutions and drive their adoption through CI’s partner networks to accelerate scaled impact. We are an original signatory to OGCI’s Aiming for Zero Methane Emissions Initiative and also to the Oil and Gas Decarbonization Charter (OGDC), which was announced at COP28.

2021年,Oxy批准了OGMP 2.0 sponsored by the UN Environment Programme (UNEP) to share best practices on methane emissions reductions across our value chain and to pursue OGMP 2.0’s Gold Standard for continued improvement in direct measurement technologies and reporting of methane at our assets in line with OGMP 2.0’s expectations. 我们向环境规划署提交了执行计划和报告. The December 2023 report by the UNEP’s International Methane Emissions Observatory noted that the “Gold Standard has been achieved on the basis of a credible implementation plan.”

温室气体排放估算和报告

Oxy values transparency and discloses key environmental metrics important to our stakeholders, including climate reporting in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We have adopted operational control as our organizational boundary and 2019 as our baseline since it was the year that Oxy acquired Anadarko Petroleum Corporation and the year before Oxy established our net-zero goals. While we primarily report our estimated GHG emissions on an operated basis, we include estimates of certain emissions on an equity basis in our Annual ESG Data Summary. Our estimates include CO2, methane (CH4) and nitrous oxide (N2O), with CO2 构成了我们大部分的温室气体排放. Oxy uses industry standards and practices for estimating emissions, 包括来自美国的适用指导.S. Environmental Protection Agency, 美国石油学会(API), Ipieca, the Intergovernmental Panel on Climate Change (IPCC) and the Greenhouse Gas Protocol. Our 2023 Climate Report, 引领碳管理, 里面有一封来自我们总裁兼首席执行官的信, Vicki Hollub, 提供有关公司管治的详细资料, strategy, risk management, 以及TCFD框架下的指标和目标, and appendices including our key GHG emissions data from 2019 through 2022, 相关的独立保证声明, our 14 current GHG goals, an index of TCFD alignment, a timeline of 50+ year legacy of carbon management and a glossary.

GHG Emissions Reduction Goals

Short-term GHG Goals

  • Target Date – 2022
    • Scope 1 + 2 (annual) – Milestones in Emissions Reduction Efforts established annually by the Board of Directors
    • Scope 3 (annual) – Milestones in Low Carbon Ventures Projects established annually by the Board of Directors
  • Target Date – 2024
    • Scope 1 + 2 (absolute – credit facility KPI) – Reduce Oxy’s combined Scope 1 and 2 CO2全球运营资产的E排放量至少减少3%.68 million metric tons per year by 2024, compared to our 2021 emissions
  • Target Date – 2025
    • Scope 1 + 2 (carbon intensity) – Oil and gas Scope 1+2 GHG emissions intensity of 0.02 MTCO2e/BOE
    • Scope 1 + 2 (absolute) – OxyChem Scope 1+2 GHG emissions reduced by 187,990 MTCO2e (2.33%)
    • Scope 1 + 2 (carbon intensity) – OxyChem Scope 1+2 GHG emissions intensity reduced by 2.7%
    • Scope 1 (methane intensity) – Methane Emissions Intensity <0.25%的生产湿气投入市场

Medium-term GHG Goals

  • Target Date – 2030
    • Scope 1 (absolute) – Eliminate all routine flaring by 2030
  • Target Date – 2032
    • Scope 1 + 2 + 3 (absolute CCUS) – Facilitate 25 million metric tons per year of geologic storage or utilization of captured CO2 in our value chain by 2032 (or other recognized, technologically feasible climate mitigation)
  • Target Date – 2035
    • Scope 1 + 2 (net-zero ambition) – Achieve net zero for Scope 1+2 emissions with an ambition to do so before 2035

Long-term GHG Goals

  • Target Date – 2040
    • Scope 1 + 2 (net-zero goal) – Achieve net zero for Scope 1+2 emissions before 2040
  • Target Date – 2050
    • Scope 1 + 2 + 3 (net-zero ambition) – Achieve net zero for total carbon inventory (including Scope 3 emissions chiefly from the use of our products) with an ambition to do so before 2050
  • Target Date – Beyond 2050
    • Scope 1 + 2 + 3 (net-zero ambition) – Total carbon impact through global deployment of CCUS, Direct Air Capture and other solutions to advance a net-zero world beyond 2050

欲了解更多有关Oxy温室气体目标的详细信息,请参阅我们的 2023 Climate Report 在第4页“CQ9电子的温室气体排放估算”下, “Net-Zero Goals” on page 42, 附件三,见第57和58页.

Annual Sustainability Goals

We are taking action to advance our environmental goals throughout our operations.

Oxy’s Executive Compensation Committee of the Board of Directors (the Committee) has approved annual climate-related goals since 2018 that directly impact the incentive compensation of Oxy’s executive officers, 专注于推进碳捕获, utilization and storage projects to meet our net-zero goals.

For 2022, the two annual sustainability metrics included:

  1. Net emission reduction efforts that align with our 2040 net-zero goal for our operations and energy use (Scopes 1 and 2), with targets to develop and implement an enhanced Find It/Fix It operational emissions program in international locations, deploy at least 4 emissions reduction projects in the Permian Basin and achieve a 15% reduction in routine flaring from our 2020 baseline and
  2. Carbon ventures and reduction projects that promote near-term progress toward our 2050 net-zero ambition for our total carbon inventory, 包括使用我们销售的产品(范围3), with targets to approve commencement of and commence construction on our first DAC plant (STRATOS), 至少进行一次碳捕获, 运输或封存合资企业, enter into at least 3 low-carbon product development transactions, and identify and coordinate external validation of the company’s carbon accounting process, including validation of GHG emissions at one or more operating sites.

The Committee identifies annual targets to advance our sustainability metrics and evaluates each year’s performance in accordance with the Executive Incentive Compensation Plan, and the results are reported in Oxy’s annual proxy statement. 回应股东意见, the Committee in 2022 maintained the weight of sustainability metrics at 30% of the annual cash incentive award.

Highlights of Our Progress

Building a Net-Zero Economy

  • STRATOS施工完成30%, the first commercial-scale DAC plant in the Permian Basin, with agreement for BlackRock to invest $550 million in STRATOS on behalf of clients through a fund managed by its Diversified Infrastructure business
  • Engineering and design activities ongoing for our second DAC plant at the King Ranch in South Texas
  • Multiple agreements signed to sell carbon dioxide removal (CDR) credits from DAC
  • Advancing sequestration hub design and sequestration well permitting with interests in more than 400 square miles of pore space access with a capacity to sequester up to 6 billion metric tons of CO2
  • NET Power plant design ongoing for construction of its first utility-scale plant in the Permian to power Oxy’s operations

Key Achievements in Operations

  • 减少二氧化碳当量(CO)2e) emissions in our company-wide operated assets in 2022 by approximately 18% from 2019 and by nearly 4% from 2021
  • Reduced methane emissions in our operated assets by approximately 58% from 2019 and 40% from 2021
  • Reduced routine flaring by 44% in our global oil and gas operated assets since joining the World Bank’s Zero Routine Flaring initiative from 2020 through 2022, 包括在美国全境实现CQ9电子例行燃烧.S. operations in 2022
  • 扩大重点减排项目部署, including tankless facilities, compression for tie-back to central processing and gas lift facilities, 在工厂或管道中断期间临时储存气体, 甲烷探测技术
  • Eliminated or retrofitted all high-bleed gas-driven pneumatic controllers found in U.S. onshore operations

Read more on how Oxy is 引领碳管理 in our 2023 Climate Report

支持向净CQ9电子经济的公正过渡

Oxy has a robust pathway to net zero to meet the goals of the Paris Agreement. Importantly, we believe our pathway supports the four key stakeholder groups of the just transition – energy workers, energy-producing communities, communities susceptible to climate impacts and low-income consumers. 我们努力以以下方式做到这一点:

Energy Workers: 拥有超过50年的碳管理经验, the diversity of our workforce makes Oxy well-suited to achieve net zero before 2050 for our total emissions inventory. Oxy’s workforce is essential to our net-zero pathway and includes employees who specialize in geoscience, drilling, well servicing, reservoir engineering, major construction, chemical processes, operations and maintenance, environmental, IT, regulatory, land, supply chain and accounting. Oxy的途径需要这些技能, 我们工人的培训和主动性建设, deploy and operate Direct Air Capture (DAC) and Carbon Capture, 利用和储存(CCUS)项目, 并产生低排放或CQ9电子排放的电力, fuels, plastics, 建筑材料及原料. As reflected in our 多样性、包容性和归属感 initiative and our active recruiting and internship programs, Oxy invests in hiring, developing and retaining a diverse workforce for the future across our upstream oil and gas, midstream, 化学品和低碳业务.

Energy-Producing Communities: Oxy continually strives to maintain our reputation as a Partner of Choice® in the communities where we operate. Oxy’s pathway to net zero will leverage our substantial oil and gas technologies, property holdings and infrastructure – from wells and pipelines to CO2 recovery plants, electricity distribution systems and water recycling facilities – to advance safe, secure handling and storage of captured anthropogenic or atmospheric CO2. Consequently, our focus on a net-zero transition provides for and assumes continued local investments in energy-producing areas that sustain community benefits such as prosperity, public health and safety and enhanced environmental quality.

易受气候影响的社区: The U.S. government, the IPCC and other leading organizations have identified the need for large-scale carbon removal from the atmosphere to avoid global temperatures rising more than 1.5 to 2° Celsius. To achieve the necessary scale of carbon removal, deployment must begin in the near term. Susceptible nations and communities have called for rapid action. Oxy’s pathway includes essential near-term actions, such as DAC, that can begin removing CO2 from the atmosphere concurrent with accelerating emissions reduction. 迅速和广泛地部署发展援助委员会项目, particularly when paired with emissions reduction technologies in which Oxy has invested like NET Power, can slow the increase of, and ultimately help to reduce, CO2 concentrations in the atmosphere to mitigate climate change.

Consumers: A successful net-zero transition must meet daily human needs, 尤其是那些弱势群体, 提供可靠的能源和基本产品. 除了石油公司的能源生产, OxyChem produces the basic building block chemicals that provide clean drinking water and the essential feedstocks for pharmaceuticals and nearly every home-based product that consumers use every day to enjoy a better quality of life. 氧通过DAC实现净CQ9电子的途径, CCUS and low-carbon energy and products focuses on capturing more CO2 than is emitted from the production and use of our products. 通过生产低碳或净CQ9电子电力, fuels, plastics and other products, the technologies we are deploying can help multiple industry sectors to reduce their carbon footprints while they continue to manufacture and deliver affordable essential goods and services to consumers across the globe.

Water Stewardship

Oxy's water stewardship program is designed to conserve and protect water resources in communities where we operate by:

  • 优化低质量采出水的利用
  • Recycling produced water and process water from our operations
  • Limiting the use of freshwater and potable water in our operations where feasible

Oxy’s water management focuses on the unique characteristics of the regions where we operate. We strive to prevent our water use from affecting the ability of municipalities, ranchers and farmers—and other water users near our operations—to obtain access to water resources.

Oxy has conducted in-depth internal reviews of our water tracking and reporting processes in several key assets, optimized water data gathering and accounting processes and updated our evaluation of water-related risks in our Enterprise Risk Management process. We aim to provide transparent reporting on water management, 包括提供我们公司范围内的用水数据. Refer to our responses to CDP CQ9电子公司范围内的用水数据估计提水量, consumption, recycling, beneficial use and disposal.

Waste Management

Oxy continuously strives for responsible waste management practices with the goals of safeguarding people and the environment, promoting sustainability and ensuring compliance with applicable laws and regulations.

Our operations implement waste minimization and pollution prevention plans, 包括跟踪生成的程序, treatment, 回收和处置剩余材料和废物. These efforts are designed to maximize the beneficial use, reuse and recycling of natural resources and byproducts and to reduce the amount of waste that we generate and dispose. We have implemented a robust monitoring system to track waste generation, 处理和处置过程. We promote a culture of improvement in waste management practices by conducting regular audits and assessments, and through active engagement and peer-to-peer exchange of best practices promoted by international industry associations such as Ipieca, 国际石油协会 & Gas Producers (IOGP), 美国石油学会(API), the American Chemistry Council (ACC) and the Vinyl Sustainability Council (VSC), 以及像EcoVadis这样的非政府组织.

Spill Prevention

Oxy's investments in Health, 安全和环境(HSE)风险管理, maintenance and our Asset Integrity program emphasize safeguarding people and the environment. 我们也投资于检查活动, projects to upgrade or replace facilities and pipelines in environmentally sensitive areas, 尤其是流域和淡水水体, 并有自动检测控制系统, 报告并减少对环境的泄漏和溢出. We have addressed spill prevention in four primary ways:

  • Adopting tankless designs at new facilities and upgrades of existing facilities to ship more fluid directly by pipelines and reduce the potential for fluid releases or emissions at tanks (which has a benefit of reducing air emissions as well as the potential for spills)
  • Leveraging automation to expand the monitoring of facilities from central locations, including devices that can detect fluid releases at remote sites
  • Periodically reevaluating and updating our Spill Prevention, Control, and Countermeasures Plans and apply best management practices
  • Rapidly deploying our spill response teams of employees and contractors to contain and capture liquids and commence soil cleanup.

生物多样性、土地利用和补救

Oxy actively promotes habitat conservation and biodiversity. Conserving natural resources, including biodiversity, wildlife and habitat, is one of Oxy’s updated HSE&我们董事会在2022年批准的原则. We believe that using existing production infrastructure to recover additional oil and natural gas from mature fields provides significant life-cycle environmental benefits—avoiding, in many cases, 需要新的表面扰动, such as new roads, 管道或储存和加工设施. Environmental resources, 包括生境质量,如植被结构, 是否对潜在井位进行了评估. We strive to avoid affecting species and their habitats where possible, and where not feasible, 通过配置基础设施来减少这种影响.

Glenn Springs Holdings, an affiliate of OxyChem, manages former operating locations and acquired properties in accordance with our commitment to safeguard people and the environment. Since 2012, Glenn Springs has earned four national habitat awards from the Wildlife Habitat Council, National Wild Turkey Federation, 野鸡永远,鸭子无限.

Oxy participates in or monitors remedial activities or proceedings in approximately 160 environmental sites on behalf of OxyChem as well as certain oil and gas subsidiaries of Oxy.

Read more on our approach to environmental stewardship and our progress highlights in our 2023 Sustainability Report.

了解更多业界领先的安全知识, environmental and sustainability initiatives at our chemical business, OxyChem, visit OxyChem Sustainability.