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2021 Performance Highlights

Surpassed 2021 30% GHG intensity reduction target relative to 2019 baseline
Total 2021 company gas capture percentage¹
Set new quantitative GHG and methane intensity reduction goals
Set new World Bank Zero Routine Flaring commitment by 2030
Minimizing our Environmental Impact
Safe, environmentally responsible operations are central to our company values and a key part of our commitment to stakeholders.

Managing Environmental Risk

Our sustainability efforts inform our risk management processes. The executive vice president of Operations has leadership accountability for our environmental function, including emissions, biodiversity, water conservation and sourcing, spill prevention, seismicity and waste management. Oversight is provided by the Health, Environmental, Safety and Corporate Responsibility (HES&CR) Committee of the board of directors, which meets at least twice per year. In addition, all directors bring experience with industry regulations to their board role.

Our Environmental Management Standard guides our business units in identifying relevant environmental risks. To mitigate operational environmental impacts, we’ve developed sound local and regional management practices, including:

  • Designing and constructing facilities that are intended to comply with existing, applicable regulations.
  • Identifying and installing solutions to reduce air emissions, waste and fresh water use and mitigate spill potential.
  • Vetting waste disposal facilities prior to use to minimize negative outcomes, such as induced seismicity or mishandling of waste.
  • Tracking environmental performance and reporting data and management practices to stakeholders, who may add in benchmarking and performance improvement where appropriate.
¹ Gas capture percentage: the percentage of volume of wellhead natural gas captured upstream of low pressure separation and/or storage equipment such as vapor recovery towers and tanks.

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