- OGCI’s annual Progress Report shows the 12 member companies have worked individually to achieve the collective 2025 aggregate upstream carbon intensity ambition and maintain upstream methane intensity well below 0.20% for a fifth consecutive year.
- Since 2017, members have worked individually to collectively reduce aggregate upstream methane emissions by 61% and invested a cumulative $156 billion in low-carbon solutions, including acquisitions and R&D, while decreasing aggregate upstream routine flaring by 74% compared with 2018.
- OGCI is staying the course and focused on continued improvement, including a voluntary collective ambition to aim for upstream methane intensity of 0.1% collectively by 2030.
The Oil and Gas Climate Initiative’s (OGCI) annual Progress Report shows the 12 member companies met the voluntary collective 2025 upstream carbon intensity ambition and held upstream methane intensity well below 0.20% for a fifth consecutive year, providing a strong foundation for the group’s next phase of action through 2030.
OGCI 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.
Bjørn Otto Sverdrup, Chair of OGCI’s Executive Committee said:
'With current geopolitical uncertainty testing energy security, affordability and the pace of the transition, OGCI’s members remain individually committed to delivering measurable emissions reductions from their operated oil and gas while continuing to supply the energy the world demands.
'As our annual progress report details, OGCI’s member companies worked individually to achieve the collective upstream carbon intensity ambition, and maintained methane intensity well below our 0.20% ambition for the fifth consecutive year, even as production grew in the period. These results give OGCI a strong platform to build on as we sharpen our focus on delivering further progress through 2030.'
According to the report, OGCI members overall decreased aggregate upstream operated carbon intensity to 16.5 kg CO2e/boe in 2025, meeting the group’s voluntary ambition to be at or below 17.0 kilograms of CO2 equivalent per barrel of oil equivalent in 2025.
Aggregate upstream methane intensity was 0.13% in 2025 – the group’s fifth consecutive year below the 0.20% ambition. Over the same period, aggregate upstream routine flaring fell 74% compared with the 2018 baseline, which included 10 companies, with three member companies reporting zero routine flaring in 2025.
These results were achieved as oil and gas production operated by member companies grew 3% year-on-year to 43.4 million barrels of oil equivalent a day.
In 2025, OGCI members’ total aggregate upstream operated methane emissions were 0.76 million metric tonnes (Mt). This is 1.2 Mt less methane than was emitted in 2017. Total upstream operated Scope 1 GHG emissions were 260 Mt in 2025 – a decrease of 28% compared with 2017.
A combination of methane abatement, flaring reduction, electrification, energy efficiency improvements and the deployment of proven technologies supported progress toward the ambitions.
At the same time, member companies continued to individually expand methane measurement and detection programs, including drone and aerial monitoring, continuous monitoring systems and real-time analytics, helping operators identify the sources of methane emissions faster and target corrective action more effectively.
Bob Dudley, Chair of OGCI said:
'The world demands more energy with lower emissions, and that energy must remain secure and affordable. Our members are demonstrating that it’s possible to meet that demand while reducing upstream emissions intensity at scale.
'Our focus now is to keep improving our aggregate performance while accelerating progress across the industry. Through the Oil & Gas Decarbonization Charter, we are working with a broader group to individually aim to reduce upstream methane emissions and individually end routine flaring by 2030.'
Raising ambition to 2030
In a statement issued in March 2026, OGCI CEOs said their companies remain individually committed to GHG emissions intensity reductions, supporting new technologies and innovations, and accelerating the scale up of low-carbon solutions.
'Looking to 2030, we will continue to report on emissions and strive to improve individual methane performance and measurement. On methane intensity, we are collectively well below 0.20% today and aiming for 0.1% collectively,' the statement said.
Scaling action beyond OGCI membership
OGCI serves as Secretariat to the Oil & Gas Decarbonization Charter (OGDC), which now comprises 56 signatories producing around 40% of the world’s oil. In 2025, OGDC adopted OGCI’s Reporting Framework, strengthening consistency and comparability of emissions reporting across signatories.
During 2025 and 2026, OGCI supported operators in Bahrain, Colombia, Libya, Nigeria and Pakistan to detect, monitor and abate upstream methane emissions through its Satellite Monitoring Campaign, and announced a collaboration with Carbon Mapper to combine publicly available satellite methane data with OGCI’s peer-to-peer engagement model.
Investing in the energy system of the future
In 2025, member companies invested overall a total of $28 billion in low-carbon solutions, acquisitions and R&D, taking cumulative investment since 2017 to $156 billion. OGCI members are individually advancing in aggregate more than 50 major CCUS hubs and direct air capture projects – including Northern Lights, Liverpool Bay CCS, and Ravenna CCS in Europe, STRATOS in the US, Jubail in Saudi Arabia and Junggar in China.
Background
- OGCI defines near zero upstream methane emissions as “well below” 0.20% methane intensity.
- Low-carbon investment includes expenditure on low-carbon projects, acquisitions of companies working on low-carbon solutions, and R&D focused on low-carbon technologies, as defined in OGCI’s Reporting Framework.
- Low-carbon energy technologies include wind, solar and other renewables, carbon-efficient energy management, carbon capture, utilization and storage (CCUS), blue and green hydrogen, biofuels, synfuels, energy storage and sustainable mobility.
- EY performed a limited assurance engagement on selected 2025 indicators and issued a qualified conclusion. The reported figures include estimates for one member company that did not provide 2025 data. See Chapter 4 of the Progress Report for the assurance statement, coverage and reporting methodology.
About OGCI & OGDC
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 production.
As OGDC secretariat, OGCI and its member companies are sharing a decade’s worth of their own expertise 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.
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.
Source: OGCI
