GHG Emissions, Industrial - October 25, 2022
Chevron Lowes Methane Emission
Chevron Corporation has reduced the company’s methane intensity by 50% since 2016.
The oil company published a methane report that builds on Chevron’s ongoing efforts to promote transparency on climate-related matters. This report details information on Chevron’s approach to detecting, measuring and reducing methane intensity.
Chevron’s U.S. upstream methane intensity is 85% lower than the U.S. upstream production sector average as of 2020.
“Our strategy is clear – leverage our strengths to safely deliver lower carbon energy to a growing world. Effective methane management is important for lower carbon intensity oil and gas production,” said Balaji Krishnamurthy, corporate vice president of Strategy and Sustainability in a statement. “Chevron’s ambition is to be a global leader in methane emissions performance. Our goal is simple – keep methane in the pipe.”
Chevron is taking action to meet that aim by reducing methane intensity, improving methane detection and advancing measurement. In particular, we aim to design and operate facilities to help prevent methane emissions and deploy technologies to validate performance, inform repairs and improve inventories.
Chevron is testing emerging technology and incorporating innovative solutions into its methane management programs.
This report includes information that addresses a stockholder proposal requesting Chevron to report on the reliability of methane emissions disclosures, a proposal the Board of Directors recommended stockholders support, and which passed at the company’s 2022 Annual Stockholders Meeting in May.