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OGCI Performance Data hub

OGCI’s new Performance Data hub provides greater accessibility to our emissions data and low-carbon investment data, supporting our commitment to reporting and transparency. The data can be downloaded in full, or as individual tables or charts.

OGCI has been publishing third-party reviewed, aggregated emissions data from our member companies since 2017. Our Performance Data includes operated oil and gas production, greenhouse gas emissions, upstream carbon intensity, upstream methane emissions and intensity, flaring, and investment and R&D in low-carbon technologies. Definitions and descriptions of reporting scope and boundaries are provided in the topic tables.

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Highlights
43.3 Mboe/day

Total operated oil and gas production in 2023

26%

Of global oil and gas production in 2023

34.9%

Share of natural gas in operated portfolio in 2023

Oil and gas production at 43.3 Mboe/day in 2023

Summary
  •  In 2023, aggregate operated oil and gas production from the 12 OGCI member companies was 1% lower year-on-year at 43.3 Mboe/day. OGCI member companies operated 26% of global oil and gas production in 2023. 1
  • Factors including divestments, reclassification of an LNG asset from operated to non-operated and reduced demand and sales, offset an increase in oil and gas production across some companies.
  • Oil production decreased 1% compared with the previous year, while gas production was 3% lower.
  • Production trends across the companies was mixed. In 2023, oil production was slightly lower on the year as divestments and lower demand and sales at some companies offset an increase in production at other companies from new wells, fields and stronger demand.
  • Gas production was lower mostly due to planned shutdowns for maintenance, repair and upgrades, divestments and the reclassification of an asset to non-operated.
 
Notes:

1 Provisional estimate of global oil and gas production of roughly 165 Mboe/day in 2023, based on IEA indicators for oil production of 97.8 Mboe/day and global natural gas production of 67.3 Mboe/day. OGCI member companies’ share of total oil and gas production is 26.2% on an operated basis and 24.8% on an equity basis. Source: IEA Oil Market Report (January 2024), IEA Gas Market Report Q1 2024.

View Tables and Charts
Overview Table
% change
OGCI indicators Units 2017 2018 2019 2020 2021i 2022i 2023 2017-23 2022-23
Total OGCI oil production (operated) Mboe/day 29.80 29.90 29.70 28.40 27.86 28.40 28.18 -5% -1%
Total OGCI gas production (operated) Mboe/day 15.20 15.70 16.10 15.10 15.60 15.50 15.10 -1% -3%
Total oil and gas production (operated) Mboe/day 45.00 45.60 45.80 43.50 43.50 43.90 43.30 -4% -1%
Share of natural gas in operated portfolio % 33.80 34.30 35.20 34.71 35.94 35.31 34.94 3% -1%
Total oil and gas production (equity) Mboe/day 42.50 42.40 42.90 41.60 41.11 41.75 40.99 -4% -2%

All reported data is the aggregate for 12 companies unless otherwise stated in the tables

Notes:

  1. 2021 and 2022 data restated
Total operated oil production (Mboe/day)
Total operated gas production (Mboe/day)
Share of natural gas in operated portfolio (%)
Total equity oil and gas production (Mboe/day)
Highlights
17.9 kgCO2e/boe

Upstream carbon intensity in 2023

-21%

Upstream carbon intensity 2023 vs 2017

575 MtCO2e

Total operated GHG emissions (Scope 1) in 2023

Scope 1 operated GHG emissions down 19% since 2017

Summary

  • In 2023, OGCI’s collective upstream carbon intensity fell to 17.9 kg/boe, a 1% decrease compared to the previous year. This brings the total reduction in carbon intensity since 2017 to 21%.
  • In 2023, OGCI members’ aggregate Scope 1 greenhouse gas (GHG) emissions at operated assets from all sectors (including upstream and downstream) was 575 Mt CO2e. This is a 3% decrease compared to the previous year and a 19% decrease since 2017.
  • OGCI members aggregate Scope 1 operated GHG emissions of 575 Mt CO2e represents 1% of global greenhouse gas emissions, using latest 2022 data from UNEP’S Emissions Gap Report published in 2023. 1
  • Scope 1 upstream GHG emissions fell by 2% over the year (and a total of 23% since 2017), due to methane emissions reductions, energy efficiency investments, projects to reduce carbon emissions in exploration and production, and divestments.
  • Scope 2 upstream operated GHG emissions were up 3% over the year due to factors including the addition of a refinery to 2023 data, an increase in production and acquisitions and an increase in specific emissions factors for electricity. Overall since 2017, Scope 2 upstream operated GHG emissions decreased 9%.
  • Downstream, which accounts for around half of OGCI member companies’ aggregate Scope 1 greenhouse gas emissions, has shown slower progress than upstream, reflecting the complexity and longer timelines of emissions reduction efforts in refineries.

Notes:

1 Total GHG emissions excluding LULUCF was 57.4 Gt CO2e in 2022, UNEP’s latest Emissions Gap Report published in 2023, p. XVI.

View Tables and Charts
Overview Table

All reported data is the aggregate for 12 companies unless otherwise stated in the tables

% change
OGCI indicatorsUnits20172018201920202021i2022i20232017-232022-23
Upstream carbon intensity iikgCO2e/boe22.7022.1021.3020.4019.2118.0817.91-21%-1%
Total operated greenhouse gas emissions — all sectors (Scope
1) iii

MtCO2e

709.00687.00684.00632.50621.00589.94574.51-19%-3%
of which upstream GHG emisssions (Scope 1)
iv

MtCO2e

362.00349.00343.00310.90297.62281.76276.96-23%-2%
Upstream operated GHG emissions (Scope 2)
v

MtCO2e

41.4043.5043.7039.4038.1636.6637.72-9%3%

Notes

  1. 2021 and 2022 data restated.
  2. This is the key performance indicator for OGCI’s upstream carbon intensity target. It includes upstream carbon dioxide and methane emissions, both Scope 1 and 2, on an operated basis. It excludes emissions from gas liquefaction and gas-to-liquids.
  3. This figure includes direct (Scope 1) emissions of carbon dioxide, methane and nitrous oxide (for those companies that report it) from all operated activities (upstream as well as downstream, which includes refineries and petrochemicals). The methane emissions were converted to CO2 equivalent using a 100-year time horizon global warming potential (GWP) of 25 for fossil-based methane as per IPCC AR4. Using the IPCC AR6 GWP of 29.8, the operated greenhouse gas emissions were 595 MtCO2e in 2022.
  4. Upstream activities comprise all operations from exploration to production and gas processing (up to the first point of sale), including LNG liquefaction plants if located before the first point of sale.
  5. Scope 2 emissions were not calculated in a homogenous way across companies, with some using a location-based and others a market-based methodology.
Upstream carbon intensity (kg CO2/boe)

Total operated Scope 1 GHG emissions - upstream (MtCO2e)
Upstream operated GHG Scope 2 (MtCO2e)
Highlights
575 MtCO2e

Scope 1 equity GHG emissions in 2023

84 MtCO2e

Scope 2 equity GHG emissions in 2023

0.88 MtCH4

Total equity methane emissions in 2023

Scope 1 equity GHG emissions down 3% in 2023 vs 2022

Summary

  • In 2023, total greenhouse gas emissions on an equity basis for Scope 1 and Scope 2 were 575 Mt CO2e and 84 MtCO2e respectively. In 2023, total Scope 1 equity GHG emissions fell by 3% compared to the previous year. Scope 2 equity emissions increased by 1% due to reductions in energy attribute certificates and the rise in emissions factors for certain national electricity mixes.

  • Total methane emissions on an equity basis were 0.88 Mt of methane in 2023, a 6% decrease comp>
View Tables and Charts
Overview Table
% change
OGCI indicators Units 2021 i 2022 i 2023 2022-23
Total equity GHG emissions Scope 1

MtCO2e

 562.00 (10) 595.86 (11) 575.48 (11) -3%
Total equity GHG emissions Scope 2

MtCO2e

 69.12 (10) 83.12 (11) 84.11 (11) 1%
Total equity methane emissions

MtCH4

 1.13 (10) 0.94 (10) 0.88 (10) -6%
Equity methane emissions — upstream

MtCH4

 1.09 (10) 0.90 (11) 0.83 (11) -7%

Note: No published data available before 2021
All reported data is the aggregate for 12 companies unless otherwise stated in the tables

Notes:

  1. 2021 and 2022 data restated.
Total equity GHG emissions Scope 1 (MtCO2e)
Total equity GHG emissions Scope 2 (MtCO2e)
Total equity methane emissions (MtCH4)
Total equity methane emissions – upstream (MtCH4)
Highlights
0.14%

Upstream methane intensity in 2023

-54%

Upstream methane intensity 2023 vs 2017

-55%

Total operated upstream methane emissions 2023 vs 2017

Operated methane emissions down 54% since 2017

Summary

  • OGCI members reported an aggregate upstream operated methane intensity of 0.14% in 2023, a 5% decrease year-on-year and 54% lower compared with 2017. OGCI members had already achieved their collective methane intensity target of well below 0.20% in 2021 – four years early.
  • In 2023, total operated upstream methane emissions were 0.89 MtCH4. This represents a 7% decrease compared with 2022 and a 55% decrease versus 2017. The year-on-year reduction is mainly a result of continued equipment and system upgrades, improved flaring controls, continued leak detection and repair, and improved calculation methodologies. Divestment of assets also played a role for some companies.
  • In 2023, the upstream sector accounted for around 90% of OGCI total methane emissions. Venting and fugitive leaks accounted for over almost 70% of total upstream methane emissions.
  • OGCI member companies are striving to reach near zero methane emissions from their operated assets by 2030. They are sharing what they are learning about detection, measurement and abatement across the industry.
View Tables and Charts
Overview Table
% change
OGCI indicators Units 2017 2018 2019 2020 2021 i 2022 i 2023 2017-23 2022-23
Upstream methane intensity ii % 0.30 0.25 0.23 0.21 0.17 0.14 0.14 -54% -5%
Total operated methane emissions — upstream

MtCH4

 1.95 1.70 1.60 1.30 1.16 0.96 0.89 -55% -7%
Total operated methane emissions — all sectors iii

MtCH4

 2.10 1.90 1.70 1.40 1.25 1.02 0.97 -54% -5%

All reported data is the aggregate for 12 companies unless otherwise stated in the tables

Notes:

  1. 2021 and 2022 data restated.
  2. This is the key performance indicator for OGCI’s 2025 upstream methane target of well below 0.20%. It includes total upstream methane emissions from all operated gas and oil assets. Emissions intensity is calculated as a share of marketed gas.
  3. This figure includes relevant operated activities (upstream, refineries, petrochemicals, power generation, etc, where these are operated by the company).
Upstream methane intensity (%)
Total operated methane emissions - upstream (MtCH4)
Highlights
-45%

Upstream flaring intensity 2023 vs 2017

-53%

Total routine flared gas upstream 2023 vs 2018

-47%

GHG emissions from upstream flaring 2023 vs 2017

GHG emissions from upstream flaring down 47% since 2017

Summary

  • OGCI member companies continued to reduce flaring volumes and related greenhouse gas emissions from flaring in 2023, in line with their ambition to end upstream routine flaring and achieve near zero methane emissions from operated oil >and gas assets by 2030.
  • In 2023, upstream flaring intensity increased by 1% year-on-year as volumes of natural gas flared upstream were little changed on the previous year partly due to non-routine flaring events for safety reasons. Overall, upstream flaring intensity in 2023 is 45% lower than the 2017 baseline.
  • In 2023, GHG emissions from upstream flaring were 4% lower than in 2022 as non-routine flaring events for safety reasons partially offset flaring reduction projects, a divestment and the start up of an LNG plant in 2022.
  • In 2023, total routine gas flared volumes in upstream fell 10% compared with the previous year due to flaring reduction projects. Total routine gas flared volumes upstream were 53% lower in 2023 than in 2018 – the first year of published data for this metric. Some of the reduction since 2018 was attributed to improved production practices, such as flaring reductions for targeted assets, flare gas recovery systems, gas compression and capture projects.
  • Since 2017, greenhouse gas emissions from upstream flaring have decreased by 47%.
View Tables and Charts
Overview Table
% change
OGCI indicators Units 2017 2018 2019 2020 2021 i 2022 i 2023 2017-23 2022-23
Upstream flaring intensity ii

Mm3/Mtoe

 10.80 9.50 9.20 7.60 7.39 5.84 5.89 -45% -1%
Total natural gas flared — upstream

Mm3

 24,221 21,465 20,998 16,490 15,998 12,775 12,705 -48% -0.6%
Total routine gas flared — upstream

Mm3

 N/A 5,636 (10) 4,871 (10) 4,250 (11) 4,165 2,926 (11) 2,627 (11) N/A -10%
Flaring GHG emissions — upstream

MtCO2e

 62.00 57.00 55.00 43.50 41.62 33.97 32.68 -47% -4%

All reported data is the aggregate for 12 companies unless otherwise stated in the tables

Notes:

  1. 2021 and 2022 data restated.
  2. Upstream flaring intensity is calculated on the basis of the volume of gas flared per million tonnes of oil equivalent produced on an operated basis.
Upstream flaring intensity (Mm3/Mtoe)
Total natural gas flared - upstream (Mm3)
Total routine gas flared – upstream (Mm3)
Highlights
$95.8 billion​

Total low-carbon investment since 2017

+15%

Low-carbon investment 2023 vs 2022

$29.7 billion

Low-carbon investment at a record in 2023

Low-carbon investment up five fold since 2017

Summary

  • In 2023, aggregate low-carbon investment, including acquisitions and R&D totalled a record $29.7 billion. This represents a 15% increase compared with the previous year. Renewable energy accounted for more than half the investment. Meanwhile, companies reported more organic investment in these types of projects compared to the previous year, which was characterized by large acquisitions.

  • Investment in CCUS continued to grow with some companies concentrating on the technology as part of their strategies to reduce emissions. R&D spending on low-carbon technologies increased 17% in 2023 versus the previous year to $2 billion and comprised over a third (35.4%) of total R&D spend. Since 2017, OGCI member companies’ cumulative investment on low-carbon technologies and projects, including R&D and acquisitions, amounted to $95.8 billion.
View Tables and Charts
Overview Table
% change
OGCI indicators Units 2017 2018 2019 2020 2021 i 2022 i 2023 2017-23 2022-23
Total spent in low-carbon projects (including acquisitions) ii
 $ billion 4.70 (10) 5.50 (10) 5.60 (10) 6.77 (11) 13.35 (10) 24.19 (11) 27.68 (11) 489% 14%
of which acquisitions $ billion 0.30 (5) 1.00 (5) 1.10 (9) 1.63 (9) 7.70 (9) 13.17 (10) 7.06 (9) 2,254% -46%
R&D expenditures on low-carbon technologies iii $ billion 0.70 (9) 1.00 (9) 1.00 (9) 0.83 (11) 1.29 (11) 1.68 (11) 1.97 (11) 182% 17%
Low-carbon R&D as a share of total R&D spend % 19.00 (9) 15.00 (9) 15.00 (9) 11.71 (11) 17.27 (11) 30.19 (11) 35.43 (11) 86% 17%

All reported data is the aggregate for 12 companies unless otherwise stated in the tables

Notes:

  1. 2021 and 2022 data restated.
  2. Low-carbon energy technologies include but are not limited to wind, solar and other renewable energies, carbon-efficient energy management, CCUS, blue and green hydrogen, biofuels, synfuels, energy storage and sustainable mobility.
  3. R&D spending is additional to investment.
Total spent on low-carbon acquisitions ($ billion)
R&D expenditures on low-carbon technologies ($ billion)
Low-carbon R&D as a share of total R&D spend (%)

Abbreviations

Mboe/day

Million barrels of oil equivalent per day

kgCO2e/boe

Kilograms of carbon dioxide equivalent per barrel of oil equivalent

MtCO2e

Million tonnes of carbon dioxide equivalent

MtCH4

Million tonnes of methane

Mm3

Million cubic metres

OGCI has been collecting third-party reviewed aggregated emissions data from our member companies and publishing the data in our annual Progress Report since 2017.

Published data and percentages are rounded. Dollars in this report are USD.

  • See Reporting Framework for definitions and methodology.
  • See table notes for reporting scope and boundary.
  • All reported data is the aggregate for 12 companies, (unless otherwise stated in the tables), and independently verified by EY.1

1 One member company has been unable to submit audited performance data in time for the publication of the 2024 Progress Report and 2022 data for that company has been used in place of the 2023 data. Data for 2023 will be updated as needed in the next annual Progress Report, which is expected to be published in the fourth quarter of 2025.

Gaining Momentum

2024 Progress Report

Our 2024 report sets out OGCI’s 10 years of action to reduce methane emissions, capture and store carbon dioxide and develop low-carbon fuels and solutions to decarbonize transport.

Read online
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