Reducing emissions amid uncertainty
We publish this year’s Progress Report against a backdrop of profound geopolitical uncertainty.
Energy security, affordability and the pace of the energy transition are being tested by global conflict, trade tensions and shifting policy priorities.
The world has endured one of the most significant energy shocks in recent history. The resulting disruption has highlighted the ongoing importance of oil and gas to the world economy. It has also therefore elevated the importance of OGCI’s mission.
Meeting the world’s growing energy needs while reducing emissions requires collective action. Since 2014, OGCI’s CEOs have worked together to drive industry progress, from emissions reduction and reporting frameworks to innovation and low-carbon solutions.
With a decade of achievements behind us, OGCI is focused on an action-oriented agenda through 2030. As the energy landscape continues to evolve, our collaboration remains vital, and we are committed to continuing the journey together.
Our focus remains: OGCI member companies continue to work to deliver measurable greenhouse gas emissions reductions from our operated oil and gas operations, even as we individually continue to deliver the energy the world demands.
OGCI’s experience, knowledge-sharing and thought-leadership can play a valuable role to support integration of lower-emissions opportunities.
The principles of resilience and sustainability in energy systems are complementary. OGCI’s success demonstrates that we can provide energy security while continuing to reduce emissions.
More energy, less emissions: Progress in 2025
Achieved 2025 ambitions
to lower carbon and methane intensity
Our progress in reducing emissions reflects a sustained focus on practical actions such as deploying proven technologies and approaches to detect and abate methane emissions and reduce flaring.
In 2025, OGCI members achieved the collective ambition, set in 2021, to reduce aggregate upstream carbon intensity to 17.0 kg CO2e/boe.
At the same time, we maintained our aggregate upstream methane intensity well below our 0.20% ambition, set in 2018, for the fifth consecutive year.
With this, members achieved OGCI’s collective 2025 emissions intensity ambitions.
In 2025, OGCI members also made further progress on flaring, reducing collective routine flaring to 1.45 billion cubic metres (bcm) – a 74% decrease since 2018, demonstrating that significant emissions reductions can be achieved while maintaining energy production.
Chevron CEO Mike Wirth, Equinor CEO
Anders Opedal at 2026 CEO meeting.
Credit: OGCI
OGDC CEO gathering November 2025
Credit: OGDC
Scaling impact through OGDC
Meaningful progress depends on accelerating wider action across the global industry. OGCI members collectively represent a quarter of global oil and gas production on an operated basis. At the same time, analysis shows that more than 90% of the global upstream oil and gas methane emissions from non-OGCI member companies’ operations.1
The Oil & Gas Decarbonization Charter (OGDC) has a particularly important role in emerging markets and developing economies, where rising energy demand and the need to expand access must be addressed alongside emissions reduction.
With the ongoing support of OGCI, OGDC is well into its third year since its launch at COP28. OGDC has matured into one of the largest groups of national and international oil companies tackling methane emissions and routine flaring, driving practical action across 56 companies.
By bringing companies together to share proven practices, build operational capability and accelerate the deployment of effective technologies, OGDC is helping signatory companies turn commitments into practical progress.
Voluntary action grounded in transparency, accountability and measurable outcomes, enables companies to move now and help deliver more energy with fewer emissions.
OGCI members’ efforts through OGDC help extend our impact beyond our own membership and give a broad range of companies around the world a credible pathway and practical support to reduce emissions.
During 2025 and 2026, OGCI continued to build capacity with OGDC signatories through technical training and country level peer-to-peer learning to share best practices to reduce emissions.
This has included supporting operators in Bahrain, Colombia, Libya, Nigeria and Pakistan, among others, to detect, monitor and abate methane emissions at some of their assets through OGCI’s Satellite Monitoring Campaign and a pilot Aircraft Monitoring Campaign.
As we help to drive industry-wide emissions reduction, we are also investing in the energy systems of the future.
Investing in the future energy system
$156 billion invested
in low-carbon solutions since 2017
In 2025, member companies invested $28 billion in low-carbon solutions, acquisitions and R&D, taking the total aggregate investment since 2017 to $156 billion.2 OGCI member companies are already active in low-carbon energy technologies such as renewables, biofuels, hydrogen, low-carbon fuels for aviation, shipping and heavy road transport and carbon capture storage and utilization (CCUS) and carbon removals.
OGCI member companies are individually advancing more than 50 major CCUS hubs and direct air capture hubs.
These include Northern Lights, Liverpool Bay CCS, and Ravenna CCS in Europe, STRATOS in the US, Jubail in Saudi Arabia and Junggar in China.
CCUS and direct air capture (DAC) hubs are expected to support emissions reductions from hard-to-abate sectors such as steel, cement and chemicals.
Looking to 2030 and beyond
In a world where reliable and resilient energy supplies are essential for both technological and economic progress, leadership on industrial emissions reduction has never been more important.
It’s critical that the wider oil and gas industry accelerates action on operational emissions, helping to ensure energy security while meeting growing demand as efficiently as possible. Achieving this will require sustained investment, practical solutions and a continued focus on the areas where action can deliver the greatest impact.
Achieving near zero methane emissions from upstream oil and gas3 is a necessary component of responsible, efficient and safe operations. It is one of the best short-term opportunities to reduce net emissions while supporting energy affordability and security.
Looking to 2030, we will continue to report on emissions and strive to improve individual methane performance and measurement.4
Collectively aiming for
0.1% upstream methane intensity
by 2030
L-R: Shell CEO Wael Sawan and TotalEnergies CEO
Patrick Pouyanné at a roundtable discussion at ONS.
Credit: ONS
Collectively, we are already maintaining upstream operated methane intensity well below 0.20% and are now aiming for 0.1% collectively by 2030.5
OGCI members will also continue to improve their own performance on upstream carbon intensity, develop best practices for industry and report on progress. Through 2030, OGCI companies remain individually committed to emissions intensity reduction ambitions,6 supporting new technologies and innovations, and accelerating the scale up of low-carbon solutions, notably through CCUS and low-carbon molecules.
This report shows what can be achieved through collaboration and member company action.
In a more uncertain world, practical collaboration remains one of the strongest tools we have to deliver measurable progress.
Oil and gas remain an important part of the world’s energy supply and demand, and OGCI members have a role in continuing to provide access to energy in an affordable and reliable manner, while reducing emissions and accelerating low-carbon solutions.
Eni CEO Claudio Descalzi
OGCI CEO March 2026 meeting
Credit: OGCI
- Based on 0.76 Mt of upstream operated methane emissions reported by OGCI members in 2025, see OGCI Performance Data, Chapter 4. IEA in its Global Methane Tracker 2025 estimates approximately 80 Mt of methane emissions from global oil and natural gas operations in 2024 (45 Mt from oil and nearly 35 Mt from natural gas operations). The IEA notes that the majority of oil and gas methane emissions originate from upstream activities.
- See OGCI Performance Data, Chapter 4. Total low-carbon investment includes investment, acquisitions and research and development. Low-carbon energy technologies include but are not limited to wind, solar and other renewable energies, carbon-efficient energy management, carbon capture, utilization and storage, blue and green hydrogen, biofuels, synfuels, energy storage and sustainable mobility. According to OGCI Performance Data, aggregate cumulative investment since 2017 was $100 billion in low-carbon projects $42.4 billion in low-carbon acquisitions and $13 billion in research and development.
OGCI defines near zero upstream methane emissions as well below 0.20% methane intensity.
- See OGCI CEO Statement, March 2026.
- See OGCI CEO Statement, March 2026.
- Individual company targets and ambitions may differ from those described in this report.
Amin Nasser
CEO Aramco
Meg O’Neill
CEO bp plc
Michael K. Wirth
CEO Chevron Corporation
Dai Houliang
Chairman CNPC
Claudio Descalzi
CEO Eni S.p.A
Anders Opedal
CEO Equinor ASA
Darren Woods
CEO ExxonMobil Holdings Corp.
Richard Jackson
President and CEO Occidental
Magda Chambriard
CEO Petróleo Brasileiro SA
Josu Jon Imaz
CEO Repsol S.A.
Wael Sawan
CEO Shell plc
Patrick Pouyanné
CEO TotalEnergies SE
Delivering progress toward our net zero operations ambition1
By cutting carbon intensity to
CO2e/boe
reducing routine flaring by
vs 20182
and keeping upstream methane intensity
well below
for fifth consecutive year
Real progress takes time, commitment and collaboration. In 2025, OGCI member companies achieved our collective upstream carbon intensity ambition to be at or below 17.0 kg CO2e/boe, reduced routine flaring by 74% compared with 2018, and maintained upstream methane intensity well below 0.20% for the fifth consecutive year.
These achievements demonstrate that our industry can deliver measurable emissions reductions while continuing to provide the reliable, affordable energy the world demands..
Through OGDC, we are extending that collaboration across the wider industry to help accelerate action to reduce methane emissions and end routine flaring.
Leading industry action
OGCI raised ambition, expanded collaboration and helped drive industry progress on emissions reductions.
OGCI opens Energy Day at COP30
OGCI ExCom Chair Bjørn Otto Sverdrup opening
Energy Day at COP30
OGCI CEO statement: staying the course and continued improvement towards 2030
Repsol CEO Josu Jon Imaz at OGCI
CEO meeting in March 2026
Credit: OGCI
With OGCI’s support, OGDC has become the world's largest coalition of NOCs and IOCs tackling methane emissions and routine flaring. Approaching its third anniversary in November 2026, OGDC is driving practical action across 56 companies.
OGDC CEO gathering November 2025
2025 progress at a glance3
OGCI members' aggregate methane emissions continue to fall
total upstream operated methane emissions
versus 2017
equivalant to removing ~8 million cars from the road for a year4
of methane emissions from global oil and gas operations5
OGCI members collectively drive down flaring
total gas flared upstream in 2025
2025 vs 2017
OGCI members’ overall share of gas flared globally6 while OGCI represents ~24% of global operated oil and gas production.7
OGCI members continue investing in low-carbon solutions7
aggregate total in 2025
cumulative total since 2017
- All OGCI member companies aim to reach net zero emissions from operations under their control (defined as Scope 1 and Scope 2 emissions) and also leverage their influence to achieve the same in non-operated assets, within the timeframe set by the Paris agreement. See OGCI strategy.
- 2018 baseline includes 10 companies, OGCI Performance Data Chapter 4, flaring section.
- See OGCI Performance Data, Chapter 4. Figures and percentages have been rounded.
- 1.19 Mt methane = 35.5 Mt CO2e using IPCC AR6 GWP100 with fossil methane conversion factor 29.8 tCO₂e/tCH₄. 35.5 MtCO₂e is equivalent to the annual CO2 emissions of approximately 8 million passenger vehicles, based on the US EPA estimate of 4.6 tonnes CO2/year emitted by a typical passenger vehicle.
- IEA Global Methane Tracker 2026 Key Findings, p.5. The IEA estimates methane emissions from global oil and natural gas operations at 81 Mt CH₄ in 2025 (45 Mt from oil operations and 36 Mt from natural gas operations).
- OGCI members total gas flared upstream in 2025 was 9.2 bcm, OGCI Performance Data. According to the World Bank’s Global Gas Flaring Tracker (2026), 167 bcm of associated gas was flared globally in 2025 at upstream oil and gas facilities and LNG liquefaction plants. OGCI’s share of global operated oil and gas production is around 24%.
- In 2025, OGCI member companies’ aggregated operated oil and gas production was 43.4 Mboe/day,OGCI Performance Data. OGCI member companies’ share of total oil and gas production in 2025 was is 24.1% on an operated basis and 20.7% on an equity basis. Source: IEA Oil Market Report (January 2026), IEA Gas Market Report Q2 2026.
- Total low-carbon investment includes investment, acquisitions and research and development. Low-carbon energy technologies include but are not limited to wind, solar and other renewable energies, carbon-efficient energy management, carbon capture, utilization and storage, blue and green hydrogen, biofuels, synfuels, energy storage and sustainable mobility.
How OGCI members reduced emissions while supporting energy security
Introduction
In 2025, OGCI members achieved the group’s collective upstream carbon intensity ambition of 17.0 kg CO2e/boe, kept upstream methane intensity below 0.20% for the fifth consecutive year and decreased upstream routine flaring by 74% from 2018, while increasing aggregate operated oil and gas production by 3%. Across the year, members also invested $28 billion in low-carbon technologies.
Upstream operated methane intensity in 2025
kg CO2e/boe
Upstream operated carbon intensity in 2025
Reduction in routine flaring since 2018
bn
Invested in low-carbon solutions in 2025
Reducing operational emissions
Through energy efficiency, electrification and lower-emissions field design, members reduced emissions from their operations. Together, these actions reduced collective upstream operated carbon intensity to 16.5 kgCO2e/boe, achieving OGCI’s 2025 ambition.
Total Scope 1 GHG emissions in 2025
(Down from 709 Mt in 2017)
Equinor
Electrifying operations and minimizing flaring on the Norwegian Continental Shelf
Equinor combined efficiency improvements and electrification with long-standing efforts to minimize flaring on the Norwegian continental shelf. Its experience shows how sustained operational improvements can reduce emissions while maintaining energy production.
ORF facility in Ghana
Credit: Eni
Credit: Eni
Finding and tackling methane emissions
OGCI members expanded the use of advanced detection and monitoring technologies to locate methane emissions more quickly and target action more effectively. Examples include Chevron’s use of drone-based detection offshore, Shell’s expansion of asset-level measurement and reporting, and TotalEnergies deployment of real-time monitoring across its upstream operated portfolio.
Sensors deployed by TotalEnergies
OGMP 2.0 level 5 coverage achieved by Shell1
Reduction in aggregate upstream methane emissions since 2017
Equivalent to removing ~8 million cars from the road for one year2
In Libya, Eni worked with the National Oil Company to introduce measurement campaigns aligned with OGMP 2.0, improving emissions data and supporting methane reduction and the use of associated gas. Efforts such as these and others from across OGCI’s member companies have helped members reduce aggregate upstream operated methane emissions by 61% since 2017.
Cutting flaring and reducing waste
OGCI members reduced flaring through better operational practices, infrastructure investment and projects to capture and use gas that would otherwise be wasted. Eni achieved zero routine flaring across its operated assets in 2025 and is working to extend this progress across its operations in Libya.
Upstream routine flaring in 2025
(-74% vs 2018)
Total gas flared upstream in 2025
(-62% vs 2017)
Eni
Achieved zero routine flaring in 2025
Selected member actions
Optimized turbine operations using methane measurement data
Deployed drone-based methane detection offshore
Expanded asset-level methane measurement and reporting
Deployed real-time methane monitoring across its upstream operated portfolio
Investing in low-carbon solutions3
In 2025, OGCI members invested $28 billion in low-carbon solutions, including renewables, low-carbon fuels, carbon capture and storage, and other technologies supporting wider emissions reductions. Repsol expanded renewable fuels production, while Petrobras tested biodiesel-blended marine fuels that can be used within existing fleets and infrastructure.
Members also continued to advance CCUS and direct air capture projects. ExxonMobil expanded its carbon capture and storage network on the US Gulf Coast, Occidental progressed its direct air capture facility STRATOS in Texas, and CNPC advanced large-scale CCUS projects in Xinjiang.
- Operated upstream assets, awaiting UNEP validation.
- 1.19 Mt methane = 35.5 Mt CO2e using IPCC AR6 GWP100 with fossil methane conversion factor 29.8 tCO₂e/tCH₄. 35.5 MtCO₂e is equivalent to the annual CO2 emissions of approximately 8 million passenger vehicles, based on the US EPA estimate of 4.6 tonnes CO2/year emitted by a typical passenger vehicle.
- Includes low-carbon projects, acquisitions and R&D. See Reporting Framework
- Includes low-carbon projects, acquisitions and R&D.
$156bn
OGCI members’ cumulative low-carbon investment since 20172
50+
CCUS & direct air capture hubs in development
Selected member actions
Advanced Jubail CCS development
Advanced largescale CCUS projects in Junggar Basin
Successful tests on HVO diesel biofuel for shipping
Progressed Gulf Coast CO2 transport and storage network
Progressed STRATOS direct air capture facility
Successful trials of biodiesel-blended bunker fuels and start of commercialization
Expanded renewable fuels production capacity at Puertollano