ExxonMobil Targeting Net Zero Emissions in the Permian by 2030

ExxonMobil is targeting net zero Scope 1 and 2 greenhouse gas emissions from its operated Permian Basin assets by 2030, the company said Monday.

The Irving, TX-based supermajor was producing 500,000 boe/d in the Permian at the end of the third quarter, accounting for more than 40% of the company’s U.S. net production.

ExxonMobil plans to achieve net zero by electrifying operations, continuing investment in methane mitigation and detection technology, eliminating routine flaring of natural gas, upgrading equipment, and employing emissions offset technology which may include nature-based solutions, management said.

“The company plans to electrify its operations with low-carbon power, which may include wind, solar, hydrogen, natural gas with carbon capture and storage, or...