The world's 25 leading oil and gas producers currently extract oil and gas from more than 3,700 fields worldwide, while a further 300 are planned in the immediate future. Projections show that if all the reserves from these fields is burned it would emit 340 billion metric tons of carbon dioxide (GtCO₂). This would account for around 90 percent of the world's entire remaining carbon budget to limit global warming to 1.5 degrees Celsius above pre-industrial levels, which as of November 2022 stood at an estimated 380 GtCO₂. The projected emissions from Saudi Aramco's remaining oil and gas reserves is 68 GtCO₂ - roughly six times more than China's CO₂ emissions in 2021.
Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021
(in billion metric tons of carbon dioxide)
*Fields that have multiple participants are represented as belonging to each of the participants. Adding the data from multiple companies therefore risks double-counting emissions.
The companies analyzed in are the 25 companies that extracted the most oil and gas in 2021.
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Global Energy Monitor. (January 26, 2023). Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021 (in billion metric tons of carbon dioxide) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/
Global Energy Monitor. "Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021 (in billion metric tons of carbon dioxide)." Chart. January 26, 2023. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/
Global Energy Monitor. (2023). Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021 (in billion metric tons of carbon dioxide). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/
Global Energy Monitor. "Carbon Emissions from All The Oil and Gas Remaining in Fields in Which Selected Oil Majors Are Currently Participants as of 2021 (in Billion Metric Tons of Carbon Dioxide)." Statista, Statista Inc., 26 Jan 2023, https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/
Global Energy Monitor, Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021 (in billion metric tons of carbon dioxide) Statista, https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/ (last visited December 03, 2024)
Carbon emissions from all the oil and gas remaining in fields in which selected oil majors are currently participants as of 2021 (in billion metric tons of carbon dioxide) [Graph], Global Energy Monitor, January 26, 2023. [Online]. Available: https://www.statista.com/statistics/1390447/potential-carbon-dioxide-emissions-gas-and-oil-from-the-largest-oil-and-gas-companies/
