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Chevron Corp

Common Name

Chevron

Country

United States

Sector

Energy

Industry

Oil & Gas Integrated

Employees

45,298

Ticker

CVX

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.chevron.com

Description

Chevron Corporation is an integrated energy company operating globally in the exploration, production, and transportation of crude oil and natural gas. Its primary function is to harness energy resour... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Chevron's GHG Emissions Data Preview

In 2024, Chevron completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Chevron has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)	2024	2023	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Categories of Scope 3 (1 category)
Use of Sold Products (Cat. 11) Emissions that occur during the use of goods and services sold by the company, especially for energy-using products.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Total Scope 1 Revenue Intensity (tCO2e/$M) Total direct GHG emissions from categories that are owned or directly controlled by the company relative to the company's total revenues in USD for the corresponding fiscal year.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000

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Verified Sources Behind Chevron’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Chevron’s data sources below and access millions more through our Disclosure Search.

a. Chevron's Sustainability Report 2024

b. Chevron's Sustainability Report 2022

Insights into Chevron's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofChevron amounted to55,000,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).^a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Chevronincreased by 1.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.^a

Chevron's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Chevron's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Chevron were 53,000,000 metric tons of CO₂ equivalent (tCO₂e).^a

Has Chevron reduced its Scope 1 emissions over time?

Since 2018, Chevron's Scope 1 emissions have decreased by 22.06%, reflecting a declining long-term trend in Scope 1 emissions over time.^{a, b}

Compared to the previous year(2023), Chevron's Scope 1 emissions increased by 1.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.^a

What are Chevron's Scope 2 emissions?

In 2024, Chevron reported Scope 2 greenhouse gas (GHG) emissions of 2,000,000 tCO₂e using the market-based method and 2,000,000 tCO₂e using the location-based method.^a

Has Chevron reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Chevron's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its energy consumption footprint.^a

What methodology does Chevron use for Scope 2 reporting?

In 2024, Chevron reported its Scope 2 emissions using the market-based method and using the location-based method.^a

Chevron's Scope 2 Emissions Over Time

Total Scope 2 Location-Based
Total Scope 2 Market-Based

Insights into Chevron's Value Chain Emissions

In 2024, Chevron reported 616,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.^a

The 2024 disclosure of Chevron includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.^a

Chevron's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Chevron's Scope 3 emissions?

In 2024, Chevron reported total Scope 3 emissions of 616,000,000 metric tons of CO₂ equivalent (tCO₂e).^a

Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.^a

Has Chevron reduced its Scope 3 emissions over time?

Since 2018, Chevron's Scope 3 emissionshave remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its value chain footprint.^{a, b}

Compared to the previous year (2023), Chevron's Scope 3 emissions remained relatively stable, indicating that Chevron's emissions have plateaued with no significant change in its value chain footprint.^a

What categories of Scope 3 emissions does Chevron disclose?

In 2024, Chevron reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.^a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Chevron's Scope 3 emissions?

In 2024, the largest contributors to Chevron's Scope 3 emissions were:^a

Use of Sold Products (Cat. 11): 616,000,000 tCO₂e(100%)

Chevron's Scope 3 Emissions by Categories

Insights into Chevron’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Chevron reported Scope 1 greenhouse gas (GHG) emissions of 53,000,000 tCO₂e and total revenues of USD 193,414 millions. This translates into an emissions intensity of 274.02 tCO₂e per millions USD.^a

Chevron's Scope 1 Emissions Intensity Compared to Peers

How does Chevron's GHG emissions intensity compare to its peers?

In 2024, Chevron reported a Scope 1 emissions intensity of 274.02 tCO₂e per millions USD. Compared to the peer group median of 283.13, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.^a

Where does Chevron rank on GHG emissions intensity within its industry?

In 2024, Chevron ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).^a

Chevron is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.^a

Insights into Chevron's Total Carbon Footprint

In 2024, Chevron reported a total carbon footprint of 671,000,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.51% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.^a

The largest contributor to Chevron's total carbon footprint was Scope 3 emissions, accounting for 91.8% of the company's total carbon footprint, followed by Scope 1 emissions at 7.9%.^a

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