ExxonMobil
CEF Lead Executives
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DAVE ANDREWList Item 1
VP, New Market Development, ExxonMobil Chemical Company
Originally from Manchester, U.K., David (Dave) Andrew holds a Bachelor of Science with honors from McMaster University, Canada, and a Ph.D. in chemistry from the University of Western Ontario, Canada. He is responsible for strategic business development or ExxonMobil Chemical Company including circularity and plastic waste advanced recycling, new high-value product platforms, and other sustainability-driven business opportunities. Dave has been with ExxonMobil since 1994 and has held several leadership roles, including Vice President of Chemical and Fuels & Lubricants Sustainability and President of ExxonMobil Catalysts and Licensing Company.
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MELANIE BOWERList Item 2
Senior Sustainability Advisor
Melanie has worked at ExxonMobil for 21 years. As a seasoned sustainability professional, she has held various technical and regulatory affairs leadership positions within ExxonMobil’s Chemical Company (EMCC). She held management roles in Chemical’s Manufacturing and the Product Stewardship & Regulatory Affairs function, including global roles as the Regulatory Compliance Manager and the Sustainability Manager for one of EMCC’s core business lines. She currently leads EMCC’s team focused on addressing policy related to recycling of plastic waste in the Americas. Melanie holds a Ph.D. in Chemistry from Florida State University. A Florida native, she and her husband, Brett, live in Tomball, Texas. Her Son, Jacob, is a sophomore at Sam Houston State University and her daughter, Saylie is a sophomore in high school.
Sustainability Goals
Sustainability Goals
Highlights
Ongoing Goals
- Committed in 2019 to spend up to $100 million over 10 years on research with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory to bring lower-emission technologies to commercial scale
- Committed to spending $15 billion on GHG emission-reduction projects over the next six years
2020 Sustainability Goals
- Reduce methane emissions by 15% (2016 baseline)
- Reduce flaring by 25% (2016 baseline)
2025 Sustainability Goals
- Have the technical capacity to produce 10,000 barrels of algae biofuel per day
- Reduce intensity of upstream emissions by 15-20%
- Reduce methane intensity by 40-50%
- Reduce flaring intensity by 35-45%
- Produce 40,000 barrels of biofuels per day
- Eliminate all routine flaring in Permian Basin operations by year-end 2022
2030 Sustainability Goals
- Eliminate routine flaring by 2030
- Reach net-zero GHG emissions for operated assets in the U.S. Permian Basin
- Reduce corporate emissions intensity by 20-30%
- Reduce upstream intensity by 40-50%
- Reduce “corporate-wide methane intensity” by 70-80%
- Reduce flaring intensity by 60-70% (Scopes 1 and 2) (2016 Baseline)
2050 Sustainability Goals
- Achieve net-zero GHG emissions for its operated assets
(Scopes 1 and 2)
Latest Sustainability Report
Highlights
- Reduced controlled hydrocarbon discharges to water by 36% from 2016 to 2021.
- Reduced total reportable emissions of VOC, SOx and NOx by 24% from 2016 to 2021.
- Had zero reportable pellet losses from resin-handling facilities.
- Increased women and minority executives 47% from 2016 to 2021, with board diversity at 42% at 2021 year-end.
- Developed a best practices guide to manage operational spills, which is credited in reducing spills by more than 36% from 2016 to 2021.
- Established the company’s first large-scale advanced recycling facility for plastics with the expectation to have about 1 billion pounds of annual capacity by end of 2026.
- Spent $2.4 billion of the $5.5 billion in U.S. spending with diversity suppliers, and continues to expand its supplier diversity program internationally.
Recent News
2022
Announced its corporate plan for the next five years, increasing its lower-emissions investments through 2027 by nearly 15% (approximately $17 billion). Nearly 40% of this will be directed toward building the company’s lower-emissions business, with an emphasis on CCS, biofuels, and hydrogen. While the rest of the capital will support its emission-reduction plans. (Dec 2022)
The Biden Administration announced 13 new initiatives with Indonesia, including supporting sustainable development in Indonesia’s new capital, preserving biodiversity, supporting ports and fisheries, investing in green hydrogen, supporting climate-conscious transportation infrastructure, reducing plastic pollution, and investing in carbon capture. CEF member ExxonMobil and state-owned energy company Pertamina have signed a $2.5 billion agreement to further assess the development of a regional Carbon Capture and Sequestration Hub in Indonesia, enabling key industry sectors to decarbonize. (Nov 2022)
EXXONMOBIL / CF INDUSTRIES — Exxon has signed an agreement with the world’s largest ammonia producer, CF Industries, for its first commercial carbon storage deal. Exxon will transport and store underground 2 million metric tons of CO2 per year starting in 2025 when CF Industries opens a CO2 compression facility in Louisiana to process emissions from its ammonia production. As part of the project, Exxon has signed an agreement to use EnLink Midstream’s pipelines to transport the CO2. (Oct 2022)
10 to 90® recycling collaboration — Cyclyx International, a consortium-based waste plastic innovation company co-founded by Agilyx Corporation and CEF member ExxonMobil Chemical Company, is introducing a set of takeback programs, education tools, engagement tools, and reward programs to enable more recycling options for low quality waste plastics that currently do not get recycled. In parallel, they are launching a “10 to 90 Challenge” with select municipalities, companies, and universities to increase recycling rates from a current average of 10% to 90%. (April 2022)
Aiming for Zero Methane Emissions Initiative — The CEOs of the 12 major oil and gas companies belonging to the Oil and Gas Climate Initiative (including CEF members Chevron and ExxonMobil) founded this new open, CEO-led initiative to eliminate methane emissions in the oil and gas industry. Signatories 1) support “sound regulations” to tackle methane emissions, 2) “will strive to reach near zero methane emissions from [their] operated oil and gas assets by 2030,” and 3) “will put in place all reasonable means to avoid methane venting and flaring, and … repair detected leaks.” (March 2022)
Will invest an estimated $400 million to expand carbon capture and storage (CCS) at its facility in LaBarge, Wyoming, with operations possibly starting in 2025. The expansion will capture up to an additional 1.2 million metric tons of carbon annually, beyond the 6-7 million metric tons LaBarge already captures annually. (March 2022)
Announced that as of April 1, it will be restructured into three businesses: the Upstream Company (consolidated Upstream companies), Product Solutions (formerly its chemical and downstream companies), and Low Carbon Solutions, which will all be supported by a centralized Technology and Engineering organization. Product Solutions and Technology and Engineering will develop more sustainable products (e.g., lower-emission fuels, circular polymers) and technologies to reduce GHG emissions and plastic waste. (Feb 2022)
Committed to reaching net-zero GHG emissions for its operated assets (Scopes 1 and 2) by 2050, with plans to develop “comprehensive roadmaps” that address about 90% of such emissions by year-end (and the remainder in 2023). (Jan 2022)
2021
Committed to reaching net-zero GHG emissions for operated assets in the U.S. Permian Basin (in Texas and New Mexico) by 2030, with an interim goal of eliminating all routine flaring in Permian Basin operations by year-end 2022. (Dec 2021)
Committed to spending $15 billion on GHG emission-reduction projects over the next six years. It also set 2030 emission-reduction targets to reduce corporate emissions intensity by 20-30%, reduce upstream intensity by 40-50%, reduce “corporate-wide methane intensity” by 70-80%, and reduce flaring intensity by 60-70% (Scopes 1 and 2) (2016 baseline). (Dec 2021)
CHEVRON / EXXONMOBIL / JERA / OSAKA GAS / SHELL / TOKYO GAS —
The
partners of the
Gorgon liquefied natural gas project
in Western Australia, which is operated by Chevron Australia, have
committed to buy carbon credits likely to cost over $180 million as a government penalty for failing to meet a five-year CCS target.
(Nov 2021)
MORE »
Announced
plans to invest
$400 million
to expand carbon capture and storage (CCS)
at its facility in
LaBarge, Wyoming. The company says the expansion would capture up to
1 million metric tons of carbon
per year—on top of the
6-7 million metric tons
LaBarge already captures annually. A
final decision on the investment is expected next year, with operations possibly starting by 2025. (Oct 2021)
MORE »
Plans to
build its first large-scale plastic waste recycling facility in Texas using a
proprietary process to convert plastic waste into raw materials called
“certified circular polymers.” Operations will start by the end of 2022, with an initial
capacity to recycle 30,000 metric tons per year; the company
plans to build approximately 500,000 metric tons of advanced recycling capacity globally over the next 5 years. (Oct 2021)
MORE »
EXXONMOBIL / ROSNEFT —
Signed a memorandum of understanding to continue their existing cooperation and
implement new projects focused on lower-carbon technologies,
including
CCUS
and lower-carbon fuels, such as hydrogen and ammonia. They also plan to
exchange technological solutions. (Oct 2021)
MORE »
Houston network for carbon capture and storage (CCS) —
11 petrochemical and energy companies—including CEF members
Chevron, Dow, ExxonMobil,
and
NRG Energy— agreed to“begin discussing plans” to develop a hub of CCS projects in Houston, Texas, which
Exxon proposed in April. The project is estimated to cost around $100 billion and, with "appropriate policies in place,"
could capture and store 50 million metric tons of CO2 annually by 2030 and 100 million per year by 2040.
(Sept 2021)
MORE »
Announced that nonprofit
MiQ will begin using its independent “MiQ Standard” to certify natural gas produced at Exxon’s Permian Basin facilities in New Mexico and validate Exxon’s ongoing efforts to cut methane emissions from its upstream operations. Exxon is considering expanding certification to other Permian Basin fields and shale production areas. (Sept 2021)
MORE »
Announced its majority-owned affiliate
Imperial Oil Ltd. will
produce renewable diesel at a new refinery in Canada,
which is expected to produce approximately 20,000 barrels per day and save an estimated 3 million metric tons of emissions from the Canadian transportation sector per year. The refinery will
use locally grown, plant-based feedstock and “blue hydrogen” (hydrogen produced from fossil fuels by combining steam methane forming with carbon capture and storage) during the manufacturing process. (Aug 2021)
MORE »
The
Climate Leadership Council
and its advocacy arm,
Americans for Carbon Dividends,
suspended ExxonMobil’s membership, following the climate-related comments made by an Exxon government affairs official. (Aug 2021)
MORE »
Committed to
producing 40,000 barrels of biofuels per day by 2025—including renewable diesel, renewable gasoline, and sustainable aviation fuel—through repurposing its existing refinery units. It created a task force within international standards and testing organization ASTM International to support the goal. (Aug 2021)
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CEO Darren Woods publicly apologized for the climate-related comments of two Exxon government affairs officials,
which were secretly captured on video by Greenpeace U.K.,
and declared that the comments do not reflect the company’s positions.
(July 2021)
MORE »
The American Petroleum Institute—which includes
ExxonMobil and Chevron—released a new framework to standardize how companies log and report their GHG emissions, and to prompt them to make voluntary, public disclosures.
The 5-section template excludes Scope 3 emissions but includes logging data on GHGs emitted from company assets and from the energy companies use, as well as emissions-reduction efforts. Reporting is first expected in 2022. (June 2021)
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ExxonMobil had a 3rd board member replaced with a new director nominated by climate activist investment group Engine No. 1. The governance change follows an extended vote count from its annual shareholder meeting last week. (June 2021)
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ExxonMobil shareholders voted against management to replace two board members with new directors nominated by climate activist investment group Engine No. 1.
The nominated candidates earned the support of some of ExxonMobil’s largest shareholders, including
BlackRock, Vanguard,
and State Street. (May 2021)
MORE »
MORE 2 »
The Alliance for Market Solutions launched an advocacy and lobbying campaign—backed by Dow and ExxonMobil—to garner US political support for market-based solutions to climate change, including carbon pricing. (May 2021)
Called for public-private collaboration to develop “Innovation Zones” of carbon capture and storage (CCS) projects around Houston, Texas to accelerate CCS progress. It estimates the project would cost around $100 billion and, with "appropriate policies in place," could capture and store 50 million metric tons of CO2 annually by 2030 and 100 million per year by 2040. (April 2021)
MORE »
ExxonMobil is establishing a joint venture to advance the plastic waste recycling industry in partnership with recycling technology company Agilyx. The venture, Cyclyx, will aggregate and pre-process plastic waste to meet various technical requirements and connect companies looking for plastic waste solutions with customers engaged in recycling initiatives. (March 2021)
ExxonMobil launched “ExxonMobil Low Carbon Solutions,” a new business to commercialize its extensive low-carbon technology portfolio. The company plans to invest $3 billion through 2025 to advance more than 20 new carbon capture and storage projects. According to the company, ExxonMobil currently has an equity share in about one-fifth of global CO2 capture capacity and has captured approximately 40% of all the captured anthropogenic CO2 in the world. (February 2021)
2020
ExxonMobil announced plans to reduce its upstream emissions intensity by 15-20%, methane intensity by 40-50%, and flaring intensity by 35-45% by 2025. The company also plans to eliminate routine flaring by 2030 and disclose its Scope 3 emissions on an annual basis beginning in 2021. (December 2020)
ExxonMobil expanded its partnership with Global Thermostat to advance and scale the company’s direct air capture technology. (September 2020)
ExxonMobil signed a five-year agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel annually starting in 2022. (August 2020)
A group of scientists from ExxonMobil, University of California, Berkeley, and Lawrence Berkeley National Laboratory have discovered a new material that could capture more than 90% of CO2 emitted from industrial sources. (August 2020)
ExxonMobil donated $450,000 to provide 1 million meals to local communities in need and support first responders in the Houston area. The company also distributed 50,000 face shields to hospitals in New York and Atlanta, with plans to increase production to more than 170,000 face shields daily. (April 2020)
2019
The Oil and Gas Climate Initiative — a CEO-led initiative supported by 13 oil and gas companies — presented a plan to double the amount of CO2 that is currently stored globally by 2030. Oil and Gas Climate Initiative members include BP, Chevron, ExxonMobil, Shell, and more. (Sep 2019)
ExxonMobil committed to invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.