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emissions solutionsexplainer: what is carbon intensity?
1 min read | november 22, 2022
Workers walk on a dirt road toward a wellhead in Greeley, Colorado.
Energy insiders often use the phrase "carbon intensity," but for many of us it's unfamiliar. Simply put, carbon intensity is a measure of carbon dioxide and other greenhouse gases (CO2e) per unit of activity, like generating a product.
more on that
Chevron's upstream carbon intensity (UCI) metric is used to measure the emission intensity of oil and gas production.
Our metrics are equity based, meaning they reflect our share of emissions from assets we own and operate as well as our nonoperated joint ventures.
Our UCI is based on the amount of CO2e generated in the production process through to our point of sale.
what we're working on
To date, we have identified nearly 100 potential projects to further lower our greenhouse gas intensity.
In 2021, we made progress on 36 of them, completing five.
For 2022, we earmarked more than $300 million on similar projects and anticipate an approximately $2 billion total spend through 2028.
Read more in Chevron's 2021 Climate Change Resilience report.
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Chevron Corporation published this content on 22 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2022 15:58:35 UTC.
Chevron Corporation is one of the world leading oil and gas groups. Net sales break down by activity as follows:
- refining and distribution (73.1%): at the end of 2022, owned 8 refineries (2.6 million barrels of products sold per day) and a network of 13,800 service stations under the brands Chevron, Texaco, and Caltex throughout the world. The group is also involved in oil and natural gas transportation and production of petrochemical and plastic products;
- exploration and production of oil and natural gas (26.8%): 1.2 million barrels of crude oil, 0.3 million barrels of liquefied natural gas, and 199.6 million m3 of natural gas produced per day in 2022;
- other (0.1%): primarily electricity production.
54.5% of net sales are abroad.
CHEVRON CORPORATION 
