Exxon Mobil Corp
Oil & Gas
Company Summary
ExxonMobil is one of the largest global oil and gas companies, with a long history of integrating ESG principles into its operations. The company has made efforts to reduce its carbon emissions and has committed to achieving net-zero emissions by 2050. ExxonMobil is investing in carbon capture technologies and renewable energy solutions. However, its ESG rating is impacted by ongoing criticism regarding its reliance on fossil fuels, which contribute to climate change. Environmental groups argue that ExxonMobil’s efforts are insufficient to address the scale of the climate crisis, and its investments in renewable energy are still a small part of its overall portfolio. ExxonMobil's ESG score reflects both its contributions to energy innovation and the ongoing challenges it faces in shifting away from carbon-intensive operations. For a detailed overview of ExxonMobil's ESG efforts, refer to the latest ExxonMobil ESG report, which outlines the company’s achievements and areas that require significant improvement.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
XOM is Average among 33 companies in the integrated oil & gas industry.
Temperature Rise :
News from Exxon Mobil Corp
ExxonMobil Plant Uses Advanced Hydrogen Burner for Decarbonisation
Exxon Sues Investors to Silence Climate Proposal
10 ESG Mistakes Made by the Anti-ESG Movement
What Is Anti-ESG?
ExxonMobil's Low-Carbon Hydrogen Project Gets FEED
PCG and ExxonMobil Will Collaborate on Plastic Recycling in Malaysia
First Sustainable Aviation Fuel Cargo from Exxon Delivered to Changi Airport in Singapore
ExxonMobil Would Face Trial Over Climate Change Denial
ExxonMobil receives top certification for Permian Basin natural gas methane emissions management
ExxonMobil has begun design studies for a carbon capture hub in Gippsland, South East Australia
ExxonMobil names Dan Ammann president of Low Carbon Solutions; Joe Blommaert retires
ExxonMobil intends to build a Baytown complex for hydrogen production, carbon capture, and storage
FAQ
What is ExxonMobil's ESG score?
ExxonMobil's ESG Risk Rating is considered to have a "High" exposure with "Average" management, indicating significant environmental, social, and governance risks.
How does ExxonMobil address environmental concerns?
ExxonMobil addresses environmental concerns through its Low Carbon Solutions division, focusing on carbon capture and storage (CCS), biofuels, and renewable energy initiatives. They have committed to achieving carbon neutrality in Scope 1 and Scope 2 emissions by 2050.
What sustainability initiatives has ExxonMobil implemented?
ExxonMobil has invested in projects like algae biofuels, biofuels from agricultural waste, and the development of large-scale CCS facilities. They are also working on low-carbon hydrogen production and renewable energy solutions.