Insight
Majors' upstream emissions: who is outperforming?
Report summary
The Majors are outperforming the rest of the sector on upstream emissions reductions. A focus on flaring, methane, and portfolio high-grading have delivered year-on-year reductions of up to 7%. But which companies are leading the pack, which companies are investing to improve and how do strategies and portfolios impact emissions profiles? This Insight leverages Wood Mackenzie’s unique granular asset-level emissions dataset to consistently benchmark the Majors’ emissions, and combines emissions data with commercial metrics to provide unique insight into portfolios, strategies, and performance.
Table of contents
- Executive summary
- The Majors’ upstream Scope 1 & 2 emissions scorecard
- The Majors, in aggregate, have outperformed
- Majors' Scope 1 and 2 emissions profiles
- Partner alignment is critical
- The lowest hanging fruit
- Portfolio restructuring
- Where is the Majors’ value concentrated?
- Which Majors are improving via asset development?
Tables and charts
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