Inform

ExxonMobil comes clean – Major to disclose climate change risks

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.
 

Report summary

In a concession to shareholders, ExxonMobil agreed to report on the potential impact of climate change policies on its business. Announced one day ahead of the two year anniversary of the Paris Agreement, ExxonMobil's decision marks the latest in a growing trend of corporate disclosures regarding climate change risks. Wood Mackenzie's recently completed multi-client study, Positioning for the future: Benchmarking upstream corporate carbon emissions and value at risk, suggests that a US$40/tonne CO2 cost imposed on ExxonMobil's direct emissions would potentially reduce the value of ExxonMobil's upstream portfolio between 3% and 11%, depending on tax treatment of those costs and country risking. ExxonMobil has already made good progress repositioning its portfolio to be sustainable in a lower oil price environment. However, further high grading may be required to position the portfolio for a low-carbon future, with a focus not just on costs but carbon intensity.

What's included

This report contains

  • Document

    ExxonMobil comes clean – Major to disclose climate change risks

    PDF 1.04 MB

Tables and charts

This report includes 1 images and tables including:

Images

  • Potential impact of a US$40/tonne CO2 cost on ExxonMobil's upstream portfolio valuation

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898