Energy Transition

ConocoPhillips believes that managing climate change-related risks and energy transition opportunities is essential for the long-term value of our business.

Our goal is to support an orderly transition that matches supply to demand and focuses on returns on and of capital while safely and responsibly delivering affordable energy.

We were the first U.S.-based oil and gas company to declare a net-zero ambition for our operational emissions by 2050, and we have measurable interim progress objectives including 50 - 60% reduction in our operational GHG emissions intensity by 2030. We were also one of 10 U.S.-based companies awarded the Oil & Gas Methane Partnership 2.0’s Gold Standard Pathway designation in recognition of our ambitious multi-year measurement-based reporting plan, which goes beyond current regulatory requirements.

In recent years, our Low Carbon Technologies organization continues to work with the company’s business units to develop and implement region-specific emissions-reduction initiatives and identify potential technology solutions for hard-to-abate emissions.

With a net-zero ambition for operational emissions, ConocoPhillips seeks mutually beneficial outcomes in support of China’s “dual-carbon” goals. We look forward to China’s future progress toward assured energy security and hope to play an active part in managing climate-related risks with our Chinese partners. We are actively exploring new opportunities in the low carbon space with Chinese partners, such as windfarms, green power purchases, carbon capture and storage and carbon offsets.

Learn more about ConocoPhillips’ Plan for the Net-Zero Energy Transition.