Chevron commits to net zero operational emissions by 2050 | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Chevron commits to net zero operational emissions by 2050

World+Biz

Reuters
11 October, 2021, 06:25 pm
Last modified: 11 October, 2021, 07:07 pm

Related News

  • Chevron reaffirms commitment to Bangladesh's energy sector
  • Chevron to resume Jalalabad gas project after Petrobangla clears $237m dues
  • With dues cleared, govt urges Chevron to resume $65m Jalalabad gas project
  • Trump to hit Venezuelan oil buyers with tariff, extends Chevron’s wind-down
  • Oil gains after Trump cancels Chevrons Venezuela license

Chevron commits to net zero operational emissions by 2050

Chevron expects to achieve its target through its pivot towards low carbon business including renewables, carbon capture technology and hydrogen

Reuters
11 October, 2021, 06:25 pm
Last modified: 11 October, 2021, 07:07 pm
An entrance sign at the Chevron refinery, located near the Houston Ship Channel, is seen in Pasadena, Texas, US, May 5, 2019. Photo: Reuters
An entrance sign at the Chevron refinery, located near the Houston Ship Channel, is seen in Pasadena, Texas, US, May 5, 2019. Photo: Reuters

Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint.

The move to cut upstream emissions from its own operations and indirect emissions such as those from power generation comes as investors and governments increase pressure on energy companies to join the fight against climate change.

In June, shareholder Engine No. 1's campaign forced Exxon Mobil Corp, Chevron's US peer, to accept new board members who could better exercise oversight over its business strategy and confront the risk of global climate change that many investors say Exxon has long been reluctant to address.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Chevron's net zero goals do not include greenhouse gases from all fuel products they sell, unlike European oil peers such as Royal Dutch Shell and Italy's Eni. Companies such as Norway's Equinor and Spain's Repsol aim to reduce or eliminate all their emissions by 2050

Emissions of greenhouse gas methane, the biggest cause of climate change after carbon dioxide, are facing more scrutiny as governments seek solutions to limit global warming to 1.5 degrees, a goal of the Paris climate agreement.

Chevron expects to achieve its target through its pivot towards low carbon business including renewables, carbon capture technology and hydrogen.

The oil major, which last month pledged to triple its investments to $10 billion to reduce its carbon emissions footprint, said it aims to cut carbon emissions intensity by more than 5% by 2028 from 2016 levels.

Top News

Chevron / Chevron Corp / Exxon Mobil Corp

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Govt drops 'disobedience' clause in revised public service ordinance, adds appeal rights
    Govt drops 'disobedience' clause in revised public service ordinance, adds appeal rights
  • Chief Adviser Muhammad Yunus held a meeting with leaders of 13 political parties at the state guest house Jamuna today (23 July). Photo: Focus Bangla
    13 political parties urge CA to announce specific election date
  • Photo: Syed Zakir Hossain/TBS
    1,200 sued over attacks, vandalism during student protest at Secretariat

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • Chevron reaffirms commitment to Bangladesh's energy sector
  • Chevron to resume Jalalabad gas project after Petrobangla clears $237m dues
  • With dues cleared, govt urges Chevron to resume $65m Jalalabad gas project
  • Trump to hit Venezuelan oil buyers with tariff, extends Chevron’s wind-down
  • Oil gains after Trump cancels Chevrons Venezuela license

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

1d | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

2h | TBS Today
13 political parties meet with chief advisor; urge to announce election date

13 political parties meet with chief advisor; urge to announce election date

2h | TBS Today
Bangladesh and Pakistan unite to fight drugs

Bangladesh and Pakistan unite to fight drugs

3h | TBS Today
Case Study of Milestone Tragedy

Case Study of Milestone Tragedy

4h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net