LONDON, August 22, 2025 – The Oil and Gas Climate Initiative (OGCI) today published its updated Reporting Framework in line with its commitment to provide transparent, credible data on its member companies’ aggregated progress on OGCI ambitions to reduce emissions.
The Reporting Framework applies to 2024 data on OGCI member companies’ aggregated performance on KPIs including methane emissions, flaring and low-carbon investment. The 2024 data will be published in OGCI’s annual Progress Report in the coming weeks and on OGCI’s Performance Data hub.
OGCI’s Reporting Framework sets out common definitions, boundaries, and detailed methodologies for the key data it publishes annually.
OGCI’s framework emphasizes transparency, consistency, relevance, completeness, and accuracy in reporting, and draws on leading global methodologies, including the CDP, IPCC, GRI, GHG Protocol, UN, World Bank, IPIECA, IOGP and API.
The Reporting Framework has a detailed breakdown of the methodologies for OGCI’s two main ambitions for 2025 – upstream carbon intensity and methane intensity. These sections include the scope of activities for the baseline and ambition, methodology for establishing the baseline intensity and assessment of data quality and accuracy.
The framework for reporting the methane intensity also sets out the emissions sources covered by the methane ambition.
Since 2016, OGCI has partnered with EY as an independent third party to review and verify member data, ensuring confidentiality and reliability. This process aims to strengthen trust in OGCI’s aggregated results and enhance the robustness of external reporting.
This year, OGCI shared its Reporting Framework with the Oil & Gas Decarbonization Charter (OGDC), a broad industry coalition that came out of COP28, to support their efforts to track and report their progress.
About OGCI
The Oil and Gas Climate Initiative is a CEO-led initiative comprised of 12 of the world’s leading oil and gas companies, producing around 30% of global oil and gas on an operated basis.
OGCI aims to lead the oil and gas industry’s response to climate change and accelerate action towards a net zero emissions future consistent with the timeframe of the Paris Agreement.
Since 2017, OGCI’s member companies have collectively reduced upstream operated methane emissions and routine flaring by more than 50%, invested nearly $100 billion in low-carbon technologies and shared best practices across the industry and other sectors to accelerate emissions reductions.
In 2016, OGCI launched Climate Investments to manage a $1 billion fund to develop and accelerate the commercial deployment of low emissions technologies.
In 2023, OGCI helped establish the Oil & Gas Decarbonization Charter (OGDC), which was launched at COP28 in Dubai. OGDC is a coalition of more than 50 companies with activities across more than 100 countries working to decarbonize the oil and gas sector at scale.
OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.
Read more about OGCI’s progress in our annual Progress Report and see our current Performance Data here.
