Our progress

Leading the industry response to climate change

The Oil and Gas Climate Initiative brings together 12 of the largest oil and gas companies worldwide, representing almost 30% of global oil and gas production. It provides a forum to share best practice on reducing greenhouse gas emissions and develops collaborative initiatives with a wide range of partners to accelerate the energy transition.

Milestones

2024
COP28 UAE Logo

OGCI becomes the secretariat for the OGDC, which was launched at COP28

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2023
Three satellites orbiting over Earth.

OGCI extends Satellite Monitoring Campaign to reduce methane emissions

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2022
Stena Impero boat sailing on the sea.

OGCI and partners launch project to demonstrate carbon capture on shipping

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2022
Two engineers working at a Saudi Aramco Facility.

OGCI launches the CCUS Hub platform to share knowledge globally

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2022
Two men wearing face masks having a meeting with two other people during COVID

OGCI members launch the Aiming for Zero Methane Emissions Initiative

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2021
Drones operating in a refinery

OGCI achieves collective methane intensity target four years early

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2021
Man thoughtfully looking at a whiteboard with sticky notes attached

OGCI announces its new strategy and updated targets

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2020

OGCI announces collective upstream carbon intensity target

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2019
Two people sharing report findings

OGCI members start reporting third-party reviewed performance data

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2018

OGCI announces collective upstream methane intensity target

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2018

Chevron, Exxon, Occidental and Petrobras join OGCI

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2016
Photo of Pratima Rangarajan, CEO Climate Investment

OGCI launches OGCI Climate Investments to manage a $1 billion fund

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2015
Photo taken from COP21 in Paris with Secretary General of UN

OGCI member companies recognize and support the Paris Agreement and its aims

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2014
Fmr Araco CEO

OGCI launched at UN Climate Summit in New York

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Results driven

OGCI performance data

OGCI member companies use standardized and regularly updated methodologies to report their aggregate annual greenhouse gas emissions and spending on low carbon technologies. EY, as an independent third party, verifies data submitted by companies, anonymizes it and reviews the consolidated data.

Oil and Gas Climate Initiative

Our initiatives and partnerships

Decarbonizing the energy system is a complex task that requires collaboration. OGCI works with many partners to deliver its own initiatives and support efforts by others.

Building towards net zero

2023 Progress Report

Our 2023 report looks back over OGCI’s 10 years of action to reduce methane emissions, capture and store carbon dioxide emissions and build net zero solutions.

Building towards net zero Progress Report 2023.