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.  
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our actions

lowering the carbon intensity of our oil, products and natural gas operations

We’re taking action to lower the carbon intensity of our operations, including methane, flaring and energy management.
Chevron methane drone experts detect and measure methane emissions

advancing solutions with chevron new energies

We’re growing our capabilities in renewable fuels, carbon capture, and offsets, hydrogen and other emerging technologies.
In a dark office room, two engineers study a projection mapping of a carbon capture site that shows the Earth’s layers and drilling depth.
Chevron SEO speaks on the future of fossil fuels on CNN

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.

We’re at the center of one of the world’s greatest challenges: meeting the energy needs of a growing world and doing so in lower carbon ways.

Mike Wirth

Chairman and CEO, Chevron


our approach

a pragmatic conversation about energy

At Chevron, we believe the future of energy is lower carbon, and we support the global net zero ambitions of the Paris Agreement.

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.

see our approach to climate policy

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.

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targets to lower the carbon intensity of our operations

Chevron center of target icon
71 g CO2/MJ
portfolio carbon intensity (scope 1, 2 and 3) by 2028
Chevron oil rig icon
24 kg CO2e/boe
gas carbon intensity
(scope 1 and 2) by 2028
Chevron oil pipe icon
24 kg CO2e/boe
oil carbon intensity
(scope 1 and 2) by 2028
Chevron refinery icon
36 kg CO2e/boe
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 from 2021 through 2028.

Chevron’s ability to achieve any goal, target or aspiration, including with respect to climate-related initiatives, our lower carbon strategy and any lower carbon new energy businesses, is subject to numerous risks, many of which are outside of our control. Chevron regularly evaluates its goals, targets and aspirations and may eliminate, increase or decrease them for various reasons, including market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors.

executive compensation

Energy transition is one of four performance measurements in the Chevron Incentive Plan.

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trade associations

Our political engagements are designed to support our ambition to deliver affordable, reliable and ever-cleaner energy.

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partnership and investments

We’re collaborating in new ways and working toward innovations that help advance a lower carbon future.

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