OGCI member companies' total operated oil and gas production in 2023
0
Mboe/day
0
%
of global output2
0
%
of global greenhouse gas emissions3
OGCI members' total operated greenhouse gas emissions reductions in 2023 vs 2017 baseline
upstream carbon intensity
-
0
%
total GHG emissions (Scope 1)
-
0
%
total methane emissions upstream
-
0
%
GHG emissions from upstream flaring
-
0
%
OGCI member companies' total low-carbon investment4
total in 2023
$
0
bn
2023 vs 2022
+
0
%
total since 2017
$
0
bn
- OGCI Performance Data, Chapter 4. All reported data is the aggregate for 12 companies, (unless otherwise stated in the tables), and independently verified by EY. 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.
On an operated basis. Provisional estimate of global oil and gas production of approximately 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. Source: IEA Oil Market Report (January 2024), IEA Gas Market Report Q1 2024.
- OGCI member companies’ share of total oil and gas production is 26.2% on an operated basis. Source: IEA Oil Market Report (January 2024), IEA Gas Market Report Q1 2024. 3 OGCI members total operated GHG emissions (Scope 1) in 2023 was 575 Mt CO2e (see OGCI Performance Data, p. 32). Total GHG emissions excluding land-use, land-use change and forestry (LULUCF) was 57.4 Gt CO2e in 2022, UNEP’s latest Emissions Gap Report published in 2023, p. XVI.
- 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.
