energy transition we believe the future of energy is lower carbon
We all have a stake in a reliable and affordable energy system and a lower carbon future. This belief drives Chevron’s lower carbon ambitions and the actions we take to advance them.
our strategy our strategy is clear
We’re leveraging our strengths to safely deliver lower carbon energy to a growing world.
We aim to lead in lower carbon intensity oil, products and natural gas, and advance new solutions to reduce carbon emissions of major industries.
our actions lowering the carbon intensity of our oil, products and natural gas operations
advancing solutions with chevron new energies
explore our actions toward a lower carbon future
the energy transition needs solutions, scale and speed
our outlook affordable, reliable, ever-cleaner energy is essential to achieving a more prosperous world
The world’s energy demand in recent years is greater than at any time in human history. We’re working to meet demand today while we help build the energy system of tomorrow.
enabling human progress
the future energy mix
While there are many potential paths to a lower carbon future, many energy experts agree that a mix of energy sources, including oil and gas, will be required to satisfy global energy demand under almost any future market scenario.
Mike Wirth
Chairman and CEO, Chevron
our approach a pragmatic conversation about energy
climate policy
Chevron supports well-designed climate policy. We believe that broad, market-based mechanisms are the most efficient approach to addressing GHG emissions reductions.
portfolio carbon intensity
We utilize a portfolio carbon intensity (PCI) metric that encompasses the full value chain carbon intensity of the products we sell, including our own emissions, emissions from third parties, and emissions from customer use of our products.
targets to lower the carbon intensity of our operations
portfolio carbon intensity (scope 1, 2 and 3) by 2028
gas carbon intensity
(scope 1 and 2) by 2028
oil carbon intensity
(scope 1 and 2) by 2028
refining carbon intensity (scope 1 and 2) by 2028
$10 billion
capital investments
We plan to invest $8 billion in lower carbon investments and $2 billion in carbon reduction projects by 2028.
executive compensation
Energy transition is one of four performance measurements in the Chevron Incentive Plan.
trade associations
Our political engagements are designed to support our ambition to deliver affordable, reliable and ever-cleaner energy.
partnership and investments
We’re collaborating in new ways and working toward innovations that help advance a lower carbon future.
chevron email updates
Subscribe to our newsletter to receive news and updates.