Our progress

Leading the industry response to climate change

The Oil and Gas Climate Initiative brings together 12 of the largest oil and gas companies worldwide, representing almost 30% of global oil and gas production. It provides a forum to share best practice on reducing greenhouse gas emissions and develops collaborative initiatives with a wide range of partners to accelerate the energy transition.

Milestones

2024

OGCI welcomes the Oil & Gas Decarbonization Charter launched at COP28

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2023

OGCI extends Satellite Monitoring Campaign to reduce methane emissions

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2022

OGCI and partners launch project to demonstrate carbon capture on shipping

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2022

OGCI launches the CCUS Hub platform to share knowledge globally

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2022

OGCI members launch the Aiming for Zero Methane Emissions Initiative

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2021

OGCI achieves collective methane intensity target four years early

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2021

OGCI announces its new strategy and updated targets

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2020

OGCI announces collective upstream carbon intensity target

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2019

OGCI members start reporting third-party reviewed performance data

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2018

OGCI announces collective upstream methane intensity target

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2018

Chevron, Exxon, Occidental and Petrobras join OGCI

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2016

OGCI launches OGCI Climate Investments to manage a $1 billion fund

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2015

OGCI member companies recognize and support the Paris Agreement and its aims

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2014
Fmr Araco CEO

OGCI launched at UN Climate Summit in New York

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Results driven

OGCI performance data

OGCI member companies use standardized and regularly updated methodologies to report their aggregate annual greenhouse gas emissions and spending on low carbon technologies. EY, as an independent third party, verifies data submitted by companies, anonymizes it and reviews the consolidated data.

Oil and Gas Climate Initiative

Our initiatives and partnerships

Decarbonizing the energy system is a complex task that requires collaboration. OGCI works with many partners to deliver its own initiatives and support efforts by others.

Building towards net zero

2023 Progress Report

Our 2023 report looks back over OGCI’s 10 years of action to reduce methane emissions, capture and store carbon dioxide emissions and build net zero solutions.