Climate change

Planet

For some, the idea of an oil and gas company positively contributing to the climate challenge is a contradiction. We don’t think so. 

As a world leading energy business, we are especially qualified to make effective contributions to the overall solution.

We support the Paris Agreement’s goal to hold the global average temperature increase to below 2°C.

Reducing emissions to address climate change, while meeting the world’s energy needs, remains the biggest single challenge of this century.

Our climate actions include:

Managing greenhouse gas emissions

We have one of the lowest upstream carbon intensities of any international oil company.

This is not just a geological perk.

It comes from our decades-long reservoir management, and production approach.

Carbon intensity: A measure of greenhouse gas emissions in carbon dioxide (CO2) equivalent per barrel of oil equivalent (boe).

10.5
Upstream carbon intensity (kg of CO2e/boe)

We invest in advanced technology to prevent greenhouse gas emissions from our operations and assets entering the atmosphere.

Technologies such as mobility geosteering, multilateral wells with smart completions, and peripheral water flooding.

And our technology includes carbon capture, utilization and storage technology.

Our greenhouse gas emissions management program includes direct (Scope 1) and indirect (Scope 2) emissions.

Above the world’s largest discovered conventional onshore oil field, Ghawar, Aramco operates the Middle East’s most advanced large-scale CO2 capture and reinjection project.

Flaring reduction

Since 1980, we've been recovering previously flared gas — resulting in significant greenhouse gas emissions avoidance. 

And we are a signatory to the World Bank's “Zero Routine Flaring by 2030” initiative.

We use asset integrity, energy efficiency, and leak detection and repair programs to help mitigate our carbon footprint.

Flaring intensity: Volume of gas flared per barrel of oil equivalent produced (scf/boe).

5.95
Flaring intensity (scf/boe)

Upstream methane intensity: Estimated methane emissions from upstream operations per volume of marketed natural gas expressed as a percentage.

0.06
Upstream methane intensity (%)

Research and development

We have a global network of research and technology centers.

Their job is to deliver innovative breakthroughs toward our recovery, discovery, diversification and sustainability objectives.

This game changing work has the potential to reduce emissions from both the production and use of hydrocarbon energy sources.

Reimagining carbon

We work on technologies that can turn CO2 into useful products.

Or capture CO2 a as a useful feedstock into products like cement.

We are using hydrocarbons for nonmetallic construction materials, or directly converting crude oil into chemicals.

Working together

Aramco is a founding member of the Oil and Gas Climate Initiative (OGCI), whose member companies explicitly support the Paris Agreement, and work to actively shape the global pathway to a low carbon future.

Our intent to contribute to reducing greenhouse gas emissions while helping provide the energy the world needs is illustrated by our founding membership of the OGCI.

$ 1 billion+
OGCI Climate Investments of $1 billion+ fund invests in accelerating decarbonization in oil and gas, industry and commercial transport
$7B each year
OGCI members collectively invest more than $7B each year in low carbon solutions