Sustainability Milestones

2022

timeline – Joined the Oil and Gas Methane Partnership 2.0 Initiative.
– Achieved our 2025 methane target four years early.
– Set a new medium-term target to achieve a near-zero methane emissions intensity by 2030.

2021

timeline – Improved our Paris-aligned target framework of near-, medium-, and long-term targets for reducing emissions over which the company has ownership and control, namely Scope 1 and Scope 2 emissions with an ambition to become a net-zero company for Scope 1 and 3 emissions by 2050.
– Developed our Plan for the Net-Zero Energy Transition to describe in detail how we intend to manage through the energy transition and address associated risks and opportunities.
– Successfully completed the acquisition and integration of Concho Resources and Shell Permian assets to deliver differential performance on the company’s Triple Mandate.
– Expanded our assurance scope beyond quantitative data to include key disclosures and metrics.

2020

timeline – Protected our people, mitigated the spread of COVID-19, provided relief aid to communities and safely ran the business through the pandemic.
– Elevated global head, Sustainable Development to vice president, Sustainable Development.
– Adopted a Paris-aligned climate-related risk framework with an ambition to become a net-zero company for operational (scope 1 and 2) emissions by 2050.
– Established a low carbon technology group to evaluate opportunities and technologies that can closely integrate with our global operations, markets and competencies.

2019

timeline – Upgraded SD Risk Management Practice to a standard to increase corporate oversight and consistency of approach across the business.
– Created performance criteria for the employee bonus program to drive and measure progress on SD priority risks.
– Updated our Primary Energy Model for use in strategic planning.
– Worked within the broad coalition of Climate Leadership Council members to define the implementation plan for the carbon dividends framework in the U.S.

2018

timeline – Implemented corporate SD Risk Register and integrated into ERM.
– Developed Biodiversity Offset Guideline.
– Held global workshop for company SD practitioners.

2017

timeline – Implemented mandatory risk practice.
– Set long-term GHG emissions intensity reduction target.

2016

timeline – Developed stakeholder engagement training.
– Updated MACC process.

2015

timeline – Developed first large-scale produced water reuse project.
– Added SD to Supply Chain Management System.

2014

timeline – Adopted Carbon Strategy.
– Enhanced supplier expectations.
– Held global workshop for company SD practitioners.

2013

timeline – Developed first corporate Stakeholder Issues Action Plan.
– Established SD Champions and Leadership Team.
– Executed company-wide SD training for employees.

2012

timeline – Published Onshore Operating Principles.
– Developed Biodiversity Strategy and first action plan.

2011

timeline – Added SD tools to HSE Management System.
– Held global workshop for company SD practitioners.

2010

timeline – Added reference to Indigenous Peoples in Human Rights Position.
– Conducted Business Unit SD Risk and Opportunity Assessments.

2009

timeline – Developed first corporate Water Action Plan.
– Rolled out Human Rights training for employees.

2008

timeline – Developed first corporate Climate Change Action Plan.
– Adopted Biodiversity Position.
– Held global workshop for company SD practitioners.

2007

timeline – Adopted Water Position.
– Opened Global Water Sustainability Center.

2006

timeline – Adopted Humans Rights Position.
– Conducted Water risk assessment.
– Developed Stakeholder Engagement Principles and held global practitioner workshop.

2005

timeline – Published first company SD Report.
– Included Water forecasts in Long-Range Plan.
– Conducted cost of carbon sensitivity for major capital projects.

2004

timeline – Introduced SD Scorecard for major capital projects.
– Held global workshop for company stakeholder engagement practitioners.
– Implemented stakeholder engagement plan requirement for major capital projects.

2003

timeline – Published SD Position and commitments.
– Adopted Climate Change Position.

2002

timeline – Supported Voluntary Principles on Security and Human Rights.