cliimate change

energy transitionour action areas to help advance a lower-carbon future

We believe the future of energy is lower carbon. Our goal is to deliver affordable, reliable, ever-cleaner energy that enables human progress and delivers superior stockholder value in any business environment. To do that, we are lowering our carbon intensity cost efficiently, increasing renewables and offsets in support of our business and investing in low-carbon technologies to help enable commercial solutions. We will accomplish our energy transition goals with our strong governance, risk management, business strategy and climate policy principles.

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lower carbon intensity

 cost efficiently

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increase renewables and offsets

in support of our business

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invest in low-carbon technologies

to enable commercial solutions

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governance

Our governance structure creates reliable and disciplined oversight.

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risk management

Chevron employs a long-standing risk assessment and management process.

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strategy

Our business planning and strategies guide our actions to deliver higher returns and lower carbon.

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climate policy

Chevron supports the Paris Agreement and well-designed climate policy, including carbon pricing.

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governance

governance framework

a view from an independent director

Independent Lead Director Ronald D. Sugar Discusses Several Key Areas in Which Chevron is Committed to Lead – the Future of Energy

“We know our stakeholders’ expectations on climate change are increasing, and we are committed to helping achieve a lower-carbon future.

Providing guidance and oversight of Chevron’s approach to climate change is an important Board priority.

We regularly consider climate and related sustainability issues as an integral part of our review of the Company’s overall business strategy. We seek to understand climate-related risks over a range of scenarios, then put in place effective protocols to ensure responsible actions that mitigate these risks and strengthen the long- term resilience of our business. Demonstrating our commitment to greater transparency and disclosure, Chevron has in recent years issued four increasingly detailed voluntary climate disclosure reports.

[Chevron] Management and Directors meet regularly with investors and other outside stakeholders to better understand your views and suggestions. Like you, we at Chevron are committed to helping achieve a lower-carbon future.”

— Dr. Ronald Sugar, Lead Director

riskmanagement

risk management

Chevron employs long-standing risk management processes for identifying, assessing, and managing the risks to our business, including risks related to climate change.

strategy

strategy

Our strategic and business planning processes guide our actions to deliver higher returns and lower carbon.

climatepolicy

climate policy

Chevron supports the Paris Agreement and is committed to helping to address climate change while continuing to deliver energy that supports society. Climate policy should achieve emissions reductions as efficiently and effectively as possible, at the least cost to economies.

actionsandinvestments

actions and investments

Our approach to advancing a lower-carbon future focuses on actions and investments in three core action areas: lower carbon intensity cost efficiently, increase renewables and offsets in support of our business and invest in low-carbon technologies to enable commercial solutions.

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highlighting our role in advancing a lower-carbon future

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advancing a lower-carbon future

advancing a lower-carbon future
investing

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2021 climate change resilience report

Our latest report provides an update and speaks to actions we are taking in support of a lower-carbon future.

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2019 corporate sustainability report

In this report, we spotlight how our people, partnership and performance furthered humanity’s ability to thrive.

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2019 update to climate change resilience report

This report highlights work we are doing to address climate change risks to our business and new opportunities we are pursuing.

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2018 climate change resilience report

Read about the framework we use to think about climate change in relation to our industry, and specifically in relation to our business.

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