we work to deliver the energy that the world needs while protecting the environment

We are committed to addressing climate change by lowering carbon intensity cost efficiently, increasing renewables in support of our business, and investing in breakthrough technologies.

Chevron shares society’s concerns about climate change and is developing scalable solutions to address this global challenge. As a leader in the evolving future of energy, Chevron is committed to improving efficiency, driving collaboration and leveraging our generations of problem solvers to manage climate risks. We support the Paris Agreement as a step forward and encourage practical actions that deliver tangible results in answering the world’s demands, including more energy and a cleaner environment. Chevron’s focuses on the following areas to address the energy transition and climate change: lowering our carbon intensity cost efficiently, increasing use of renewables in support of our business and investing in the future targeting breakthrough technologies.

Our priority of protecting the environment is not new to Chevron.
It is deeply rooted in who we are and what we value: The Chevron Way.

Our strong governance practices provide a framework for enhancing transparency related to climate change. For example, in response to growing interest from our investors and stakeholders, Chevron voluntarily published three dedicated climate reports in 2017, 2018 and 2019 over the last three years, largely using the recommendations of the Task Force for Climate-related Financial Disclosures (TCFD). These reports explain our strategic decision-making approach as it relates to climate change-related risks and opportunities, including our ongoing evaluations of our portfolio and future investments. As we’ve shared in our reports, these evaluations confirm that our mature and diverse portfolio is resilient in many scenarios and our asset mix enables us to be flexible in response to potential changes.

We conserve and protect water resources using a risk-based approach

Clean water is a fundamental societal, environmental and economic resource and essential for the communities where we operate and our business. We protect this critical natural resource through our risk-based water management systems, processes and standards. Using water responsibly is an important part of being a good partner in the communities where we work.

To ensure that we are using water responsibly, we:

• Consider water conservation and efficiency in key decisions.
• Strive to conserve, reuse and recycle water in water-constrained areas.
• Use appropriate metrics to report on water use.
• Engage with governments, partners, local communities and other stakeholders on significant water resource issues in areas where we operate.
• Build partnerships and industry initiatives to promote best practices, develop industry standards and shape policy for water resources.

We instill a culture of operational excellence (OE) that places the highest priority on the safety and health of our workforce and on the protection of communities, the environment and our assets. We are committed to continually improving our environmental performance and reducing the potential impacts of our operations through the implementation of our Operational Excellence Management System (OEMS).