The Pathway to Carbon Neutrality for Major Oil and Gas Companies
- 1st Edition - August 1, 2026
- Latest edition
- Author: Dou Lirong
- Language: English
The Pathway to Carbon Neutrality for Major Oil and Gas Companies discusses the history and motivations, carbon neutrality targets and roadmaps, main measures and effecti… Read more
The Pathway to Carbon Neutrality for Major Oil and Gas Companies discusses the history and motivations, carbon neutrality targets and roadmaps, main measures and effectiveness of international oil companies in low-carbon development and provides a detailed introduction to the operational status of typical CCS/CCUS, wind power, solar power, and hydrogen projects in which international oil companies are involved. It also looks forward to the external situation of global climate governance and the development trends of international oil companies' carbon neutrality. Carbon neutrality is a new issue for oil companies. However, practical experience and research in this area are very limited. The book selects seven leading international oil companies in the petroleum industry and reviews the history of each company's response to climate change: analyzing current targets, policies and the possible future trends.
- Provides a clear demonstration of the four historical stages of oil companies' response to climate governance issues and the driving factors behind them
- Assist readers in recognizing the incentives and policies of major countries that affect the investment environment of oil companies in terms of carbon reduction
- Helps readers learn about the visions and progress of the seven leading international oil companies in carbon neutrality
- Provides detailed information on the operational data and distribution of typical projects in which oil companies are involved, such as wind power, solar power, hydrogen, and carbon capture, utilization and storage
- Discusses the future of low-carbon developments - prospects and challenges of oil companies
Strategists in oil companies, and renewable energy companies, which are interested in low-carbon business and especially in exploring oversea low-carbon and new energy business
Chapter 1. The History and Motivations of International Oil Companies in Addressing Climate Change
Section 1: The Stage of Shared Perception
1. Climate Change Transitioned from a Scientific Issue to a Political One
2. International Oil Companies Funded Climate Research and Adopt Environmental and Energy-saving Measures
Section 2: The Stage of Joint Defense
1. Climate Response Shifted from Development Blueprints to Legal Constraints
2. International Oil Companies Maintained Industry Interests through International Organizations and Lobbying
Section 3: The Stage of Consensus Convergence
1. Climate Response Shifted from Legal Constraints to Global Consensus
2. International Oil Companies Moved from Diverse Responses to a Green and Low-Carbon Industry Consensus
Section 4: The Stage of Joint Construction
1. Climate Response Shifted from Global Consensus to Global Co-construction
2. International Oil Companies Set Low-Carbon Goals and Seek Diversified Transformation and Development
Section 5: Common Motivations for Response Strategies
1. Company Profits and Shareholder Interests
2. National Strategy and Government-Business Relations
3. Public Opinion and Brand Value
4. Industry Convergence and External Cooperation
5. Internal and External Pressures and Competitiveness
Chapter 2. The External Policy Environment for International Oil Companies in Carbon Neutrality
Section 1: Global Climate Governance Progress and Policy
1. Governance Progress
2. Policy
Section 2: The Carbon Neutrality Visions and Policy of Key Countries
1. Carbon Neutrality Visions and Policy of Key European and American Countries
2. Carbon Neutrality Visions and Policy of Key Petroleum
Chapter 3. The Path and Progress of Carbon Neutrality for International Oil Companies
Section 1: Overview
1. An Overview of International Oil Companies' Carbon Neutrality Targets
2. Initiatives of International Oil Companies
Section 2: BP'
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 3: Shell
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 4: TotalEnergies
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 5: Eni
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 6: Equinor
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 7: ExxonMobil
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 8: Chevron
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Chapter 4. Typical Low-Carbon and New Energy Projects of International Oil Companies
Section 1: Typical CCS/CCUS Projects of International Oil Companies
1. An Overview of CCS/CCUS Projects
2. Typical CCS/CCUS Projects
Section 2: Typical Wind Power Projects of International Oil Companies
1. An Overview of Wind Power Projects
2. Typical Wind Power Projects
Section 3: Typical Photovoltaic Projects of International Oil Companies
1. An Overview of Photovoltaic Projects
2. Typical Photovoltaic Projects
Section 4: Typical Hydrogen Energy Projects of International Oil Companies
1. An Overview of Hydrogen Energy Projects
2. Typical Hydrogen Energy Projects
Chapter 5. Development Trends and Outlook for Carbon Neutrality of International Oil Companies
Section 1: Outlook on the External Situation of International Oil Companies' Carbon Neutrality
1. Accelerated Climate Governance Still Faces Many Challenges
2. Policy Constraints Promote the Accelerated Development of Carbon Pricing Mechanisms
3. The Ukraine Crisis Accelerates the Adjustment of the World Pattern
4. The Pace and Path of Energy Transition Remain Uncertain
5. Rising Oil Prices Boost the Transformation and Development of the Energy Industry
Section 2: Outlook on the Trend of International Oil Companies' Carbon Neutrality
1. The Scale and Proportion of Low-Carbon Investment Will Be Fully Improved
2. Cost Reduction Still Awaits Technological and Market Maturity
3. Multiple New Energy Businesses Will Achieve Coordinated Development
4. The Road to Carbon Neutrality for Oil Companies Remains Arduous
5. Oil Companies Will Transit to Integrated Energy Companies
References
Appendix I: Unit Conversion
Appendix II: Abbreviations of Proper Nouns
Table 1: Table of Information on Past United Nations Climate Change Conferences
Table 2: Table of Carbon Neutrality Visions and Policy of Major Countries
Table 3: Table of Carbon Reduction/Carbon Neutrality Targets of 36 Oil Companies
Table 4: Table of Oil and Gas Production, Consumption, CO2 Emissions, and Nationally Determined Contribution Targets of Key Countries
Section 1: The Stage of Shared Perception
1. Climate Change Transitioned from a Scientific Issue to a Political One
2. International Oil Companies Funded Climate Research and Adopt Environmental and Energy-saving Measures
Section 2: The Stage of Joint Defense
1. Climate Response Shifted from Development Blueprints to Legal Constraints
2. International Oil Companies Maintained Industry Interests through International Organizations and Lobbying
Section 3: The Stage of Consensus Convergence
1. Climate Response Shifted from Legal Constraints to Global Consensus
2. International Oil Companies Moved from Diverse Responses to a Green and Low-Carbon Industry Consensus
Section 4: The Stage of Joint Construction
1. Climate Response Shifted from Global Consensus to Global Co-construction
2. International Oil Companies Set Low-Carbon Goals and Seek Diversified Transformation and Development
Section 5: Common Motivations for Response Strategies
1. Company Profits and Shareholder Interests
2. National Strategy and Government-Business Relations
3. Public Opinion and Brand Value
4. Industry Convergence and External Cooperation
5. Internal and External Pressures and Competitiveness
Chapter 2. The External Policy Environment for International Oil Companies in Carbon Neutrality
Section 1: Global Climate Governance Progress and Policy
1. Governance Progress
2. Policy
Section 2: The Carbon Neutrality Visions and Policy of Key Countries
1. Carbon Neutrality Visions and Policy of Key European and American Countries
2. Carbon Neutrality Visions and Policy of Key Petroleum
Chapter 3. The Path and Progress of Carbon Neutrality for International Oil Companies
Section 1: Overview
1. An Overview of International Oil Companies' Carbon Neutrality Targets
2. Initiatives of International Oil Companies
Section 2: BP'
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 3: Shell
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 4: TotalEnergies
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 5: Eni
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 6: Equinor
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 7: ExxonMobil
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Section 8: Chevron
1. Carbon Neutrality Targets and Path
2. Motivations and Effectiveness of Carbon Neutrality
Chapter 4. Typical Low-Carbon and New Energy Projects of International Oil Companies
Section 1: Typical CCS/CCUS Projects of International Oil Companies
1. An Overview of CCS/CCUS Projects
2. Typical CCS/CCUS Projects
Section 2: Typical Wind Power Projects of International Oil Companies
1. An Overview of Wind Power Projects
2. Typical Wind Power Projects
Section 3: Typical Photovoltaic Projects of International Oil Companies
1. An Overview of Photovoltaic Projects
2. Typical Photovoltaic Projects
Section 4: Typical Hydrogen Energy Projects of International Oil Companies
1. An Overview of Hydrogen Energy Projects
2. Typical Hydrogen Energy Projects
Chapter 5. Development Trends and Outlook for Carbon Neutrality of International Oil Companies
Section 1: Outlook on the External Situation of International Oil Companies' Carbon Neutrality
1. Accelerated Climate Governance Still Faces Many Challenges
2. Policy Constraints Promote the Accelerated Development of Carbon Pricing Mechanisms
3. The Ukraine Crisis Accelerates the Adjustment of the World Pattern
4. The Pace and Path of Energy Transition Remain Uncertain
5. Rising Oil Prices Boost the Transformation and Development of the Energy Industry
Section 2: Outlook on the Trend of International Oil Companies' Carbon Neutrality
1. The Scale and Proportion of Low-Carbon Investment Will Be Fully Improved
2. Cost Reduction Still Awaits Technological and Market Maturity
3. Multiple New Energy Businesses Will Achieve Coordinated Development
4. The Road to Carbon Neutrality for Oil Companies Remains Arduous
5. Oil Companies Will Transit to Integrated Energy Companies
References
Appendix I: Unit Conversion
Appendix II: Abbreviations of Proper Nouns
Table 1: Table of Information on Past United Nations Climate Change Conferences
Table 2: Table of Carbon Neutrality Visions and Policy of Major Countries
Table 3: Table of Carbon Reduction/Carbon Neutrality Targets of 36 Oil Companies
Table 4: Table of Oil and Gas Production, Consumption, CO2 Emissions, and Nationally Determined Contribution Targets of Key Countries
- Edition: 1
- Latest edition
- Published: August 1, 2026
- Language: English
DL
Dou Lirong
Dr. Dou Lirong is the Executive Director and President of Research Institute of Petroleum Exploration and Development (RIPED), CNPC. He has worked for the China National Petroleum Corporation (CNPC) for over 30 years with both domestic and overseas working experience. Before RIPED, he was the Chief Geologist of CNODC, CNPC, Deputy General Manager of CNPC International (Nile), Sudan and Director General of Consulting Center of CNPC International.
Dr. Dou has been actively engaged in international organizations and conferences as the executive committee member of IPTC 2023, advisory committee member of OTC-Asia 2024 and panel speaker of ADIPEC 2015, OTC-Asia 2022
Affiliations and expertise
China National Petroleum Corporation, China