Exxon Mobil

"Exxon Mobil aims to achieve net-zero emissions from its operated assets by 2050. Net Zero Tracker
This target applies to Scope 1 and Scope 2 greenhouse gas emissions, including carbon dioxide and other GHGs. Net Zero Tracker
The company's interim target is to reduce emissions by 20% relative to 2016 emissions by 2030. Net Zero Tracker
Exxon Mobil's net zero target does not cover historical emissions. Net Zero Tracker
An interesting fact about their environmental policy is that they plan to use carbon removal within their target boundary, potentially utilizing nature-based solutions and carbon capture and storage. Net Zero Tracker …"

Current Score (vs. LY)

26.7 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #127

S&P100: #85

Energy: #2

41.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

35.4%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 110,000,000108,000,000113,000,000
Scope 2 - location-based 7,000,00000
Scope 2 - market-based 7,000,0007,000,0008,000,000
Scope 1-2 - location-based 117,000,000108,000,000113,000,000
Scope 1-2 - market-based 117,000,000 115,000,000 121,000,000
Scope 3 530,000,000540,000,0000
Total - location-based 647,000,000648,000,000113,000,000
Total - market-based 647,000,000 655,000,000 121,000,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 520,728,311647,000,000
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Exxon Mobil belongs to the sector Energy.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 20.0 2016 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2045
S1S2MKT NO 2030
S1S2MKT NO 2050

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Exxon Mobil by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (nature-based and CCS-based removals)

Additional notes: P. 65 - discussed plans for nature-based (grassland restoration in the Permian Basin) and CCS (research into novel materials for carbon capture) No specifics around projects/no projections of volume of CO2 removed. Report repeatedly mentions 'high-quality offsets', with no other carbon credit conditions provided.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 0.0 10.0 0.0
Transparency 12.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 4.166666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 14.166666666666668 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 0.0 10.0 0.0
Results 0.0 30.0 0.0
Total 26.7 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? F 0.0 / 10.0 0.0 0.0 0.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2030 3.3 / 5.0 3.3 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2045 0.8 / 5.0 0.8 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No baseline could be found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No baseline could be found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 3.2°C 0.0 / 10.0 0.0 0.0 0.0
Total 26.7 / 100.0 26.7 0.0 12.5


Available Data Sources

Reporting Year 2022 2021 2021 2021 2020 2020 2019 2019
Source Wikirate (NV) Public Yourstake Wikirate (NV) Public Wikirate (NV) Public Wikirate (NV)
Publication Year 2023 2022 unknown unknown 2021 2021 2021 2021
Scope 1 96,000,000 110,000,000 105,000,000 111,000,000 108,000,000 NA 113,000,000 114,000,000
Scope 2 - location-based 7,000,000 7,000,000 NA 9,000,000 0 NA 0 9,000,000
Scope 2 - market-based NA 7,000,000 7,000,000 NA 7,000,000 NA 8,000,000 NA
Scope 1-2 - location-based 103,000,000 117,000,000 105,000,000 120,000,000 108,000,000 0 113,000,000 123,000,000
Scope 1-2 - market-based NA 117,000,000 112,000,000 NA 115,000,000 NA 121,000,000 NA
Scope 3 540,000,000 530,000,000 2,370,000,000 0 540,000,000 540,000,000 0 0
Total - location-based 643,000,000 647,000,000 2,475,000,000 120,000,000 648,000,000 540,000,000 113,000,000 123,000,000
Total - market-based NA 647,000,000 2,482,000,000 NA 655,000,000 NA 121,000,000 NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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