ExxonMobil has joined other energy industry leaders in supporting the global transition to a lower-carbon economy. Oil and Gas Climate Initiative's member companies, including ExxonMobil, have set a target to reduce by 2025 the average carbon intensity of member's aggregated upstream oil and gas operations, which is to support the Paris Agreement goals.

Each member company will implement a range of measures in their operations, including improving energy efficiency, reducing methane emissions and minimizing flaring, among other efforts.

ExxonMobil has taken a leadership role in methane emission-reduction efforts, proposing a methane emissions framework for industry-wide methane regulations, and urging stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production.

We remain on track to meet our commitment to reduce flaring by 25 percent and methane emissions company-wide by 15 percent by the end of this year, compared to 2016 levels.

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Exxon Mobil Corporation published this content on 16 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 July 2020 13:20:05 UTC