2023 Advancing Climate Solutions Progress Report


Creating sustainable solutions that improve quality of life and meet society’s evolving needs

In this edition of our 2023 Advancing Climate Solutions Progress Report, we share the ways in which ExxonMobil remains determined to tackle head-on the challenge of strengthening energy supply security and reducing emissions to support a net-zero future while growing value for our shareholders and stakeholders. We discuss the ways we will continue delivering solutions that lower the greenhouse gas emissions intensity of our portfolio and help meet society’s growing need for affordable and reliable energy and products.

What's new in this progress report?

  • Increased the amount we intend to invest through 2027 on lower-emission initiatives to approximately $17 billion , up by nearly 15%.
  • Deployed new technology to expand measurement and mitigation of methane emissions, and reduced methane emissions intensity from operated assets by more than 40% as of year-end 2021 vs. 2016 levels in line with greenhouse gas emission reduction plans.
  • Reduced our Scope 1 and 2 emissions intensity by 9% , as we continue progress toward our 2030 greenhouse gas emission-reduction plans. These intensity reductions led to our absolute emissions falling by about 13% . These results are on an operated basis as of year-end 2021 vs. 2016 levels.
Our approach to help reduce greenhouse gas emissions in support of a net-zero future.

Download our 2023 Advancing Climate Solutions Progress Report and supplementary information below: