Chevron Corp
Oil & Gas
Company Summary
Chevron Corporation is a major player in the global energy sector, investing in sustainable energy and working toward carbon reduction initiatives. The company has committed to achieving net-zero emissions by 2050 and is investing in renewable energy sources like biofuels and hydrogen. Chevron’s ESG rating highlights its significant steps toward reducing its environmental impact, but its heavy dependence on fossil fuels has drawn criticism from environmental advocates. Despite efforts to diversify its energy portfolio, Chevron’s ESG score remains influenced by its oil and gas operations, which contribute to global emissions. Moreover, the company faces ongoing scrutiny over its governance practices and worker safety issues. For a comprehensive look at Chevron's ESG practices, refer to the latest Chevron ESG report, which balances its progress and challenges in achieving a more sustainable future.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Chevron is average among 24 companies in the integrated oil & gas industry.
Temperature Rise :
News from Chevron Corp
Chevron and Egypt Ink MOU for Methane Management
Pertamina, Keppel Infra and Chevron Agreement for Green Solutions
Chevron and MOL to Explore CO2 Shipping
Chevron and MOECO to Develop Advanced Geothermal Technology
Chevron Achieves Top Certification Scores for Environmental Performance
Chevron Joins Global Centre for Maritime Decarbonisation
Chevron and Restore the Earth Foundation Agree to Collaborate on Carbon Offsets Reforestation Project in Louisiana
Chevron Executing Plans to Deliver Higher Returns and Lower Carbon
chevron announces agreement to acquire renewable energy group
Chevron's shipping division has joined a program to reduce emissions.
FAQ
What is Chevron's ESG rating?
Chevron has a strong commitment to ESG factors, with a focus on carbon emission reduction and social responsibility. The company’s sustainability efforts align with its long-term goal of reducing carbon emissions.
How does Chevron perform in ESG rankings?
Chevron's performance in ESG rankings is solid, with a focus on transparency in carbon reduction strategies. The company is making strides in improving its ESG performance by reducing its carbon footprint.
What are Chevron's commitments to reducing carbon emissions?
Chevron has committed to reducing carbon emissions by targeting a reduction of greenhouse gas intensity by more than 5% from 2016 levels by 2028 and implementing carbon capture and storage (CCS) technologies.