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    ExxonMobil to Cut its Emissions


The company is continuing its efficiency drive and investing further in cleaning its activities.

by: William Powell

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ExxonMobil to Cut its Emissions

US supermajor ExxonMobil has announced greenhouse gas reduction measures that are expected to cut its methane emissions by 15% and flaring by 25% in the next two years. It said May 23 it would invest in lower-emission energy solutions such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies and said it had spent more than $9bn on lower-emission energy solutions since 2000.

Its subsidiary XTO Energy has, through leak-detection-and-repair efforts and operational improvements at US production and midstream sites, reduced estimated methane emissions across ExxonMobil operations by 2% in the past year. Combined with additional measures outside the US, focused on the most significant sources of methane, it said it expects to achieve a 15% reduction of methane emissions by 2020 compared with 2016.


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S&P 2023

Efforts associated with oil and gas production and processing are expected to lower natural gas flaring across ExxonMobil operations by about 25% by 2020 compared with 2016. The most significant reductions are expected to occur in operations in west Africa and include use of third-party infrastructure.

ExxonMobil is a charter member of the Global Gas Flaring Reduction Public-Private Partnership, which is committed to developing commercial opportunities to reduce flaring. The partnership is comprised of oil-producing countries, international and state-owned oil companies and the World Bank.

Further greenhouse-gas emissions reduction efforts will target ExxonMobil’s global refining and chemicals manufacturing network with the goal of improving existing industry-leading energy efficiency performance.