OGCI publishes the framework underpinning its annual emissions data

LONDON, July 7, 2026 – The Oil and Gas Climate Initiative (OGCI) has published its Reporting Framework, setting out the methodologies behind the data in its annual Progress Report, which is released in October.

The Reporting Framework explains how OGCI’s headline aggregate figures on indicators such as carbon intensity, methane intensity and flaring for the group’s 12 member companies are derived, reviewed and reported.

It sets out a common approach for OGCI’s members to report key indicators annually and explains how individual company data is collected and aggregated into figures covering all the companies.

The framework covers:

• Emissions, methane and flaring indicators, reported in absolute terms and as intensities, and on an operated and equity-share basis
• Low-carbon investment and acquisition indicators
• The boundaries of what is measured, including the operational-control basis used for the intensity targets, which cover upstream operated assets
• The methodologies, conversion factors and data limitations behind each indicator

EY, an independent third party, reviews and assures the data. Publishing the methodology in advance gives stakeholders a clearer basis to understand how the data is produced, what it includes and where any limitations may exist.

“Implementing action and measuring progress go hand in hand. The framework gives stakeholders a clearer basis to understand the results and the progress being made. This year is particularly important for OGCI as we will be reporting our member companies aggregated performance against our 2025 ambitions for reducing carbon and methane intensity.”

Bjørn Otto Sverdrup, Chair OGCI Executive Committee and head of the Secretariat of the OGDC

OGCI member companies were the first in the oil and gas industry to agree collective ambitions to reduce operated upstream methane intensity and upstream operated carbon intensity. These ambitions have since set standards for the industry to strive for.

OGCI’s Reporting Framework is also being used by signatories to the Oil & Gas Decarbonization Charter (OGDC) as the basis for their emissions and KPI reporting, enabling greater consistency across companies operating in different regions and at different stages of reporting maturity.

This supports OGCI’s wider work to improve consistency and transparency in emissions reporting, both among its member companies, across the broader industry, and in particular with OGDC signatories.

Beyond providing technical support, OGCI also acts as the secretariat for OGDC. OGCI has worked closely with the Charter signatories to expand collaboration across the oil and gas industry to support wider uptake of measures and strategies to reduce emissions. 

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 a quarter of global oil and gas on an operated basis.

For the past decade, OGCI member companies have worked together to reduce their own emissions, while also driving action across the wider oil and gas industry to reduce emissions to achieve net zero operations in the timeframe of the Paris Agreement.

To help scale emissions reductions across a broader network of companies, OGCI works closely with the Oil & Gas Decarbonization Charter (OGDC), an initiative launched at COP28, which comprises 56 signatories representing approximately 40% of global oil and gas production.

As OGDC secretariat, OGCI and its member companies are sharing a decade’s worth of their own expertise in reducing emissions with OGDC’s signatories through technical consultations, mentorship programs and longer-term collaborative partnerships. Priority topics include methane emissions abatement, flaring reduction and energy efficiency.

Since 2017, OGCI members have reduced their own total operated methane emissions by 63%, routine flaring by 72%, and carbon intensity by 24%. OGCI members have also invested a cumulative total of $125 billion in low-carbon technologies and solutions, including acquisitions and R&D, since 2017.

In 2016, OGCI launched Climate Investments to manage a $1 billion fund to develop and accelerate the commercial deployment of low emissions technologies.

OGCI’s members are Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.

Read more in OGCI’s latest annual Progress Report and see our current Performance Data here.