Filter per region

Filter per scope of activities

Module 2, material investment, assesses action to reduce emissions from the company’s operations. Emissions from oil and gas companies primarily occur when their products are combusted (i.e. scope 3 in-use emissions) but significant emissions are also generated during product extraction and processing (scopes 1 and 2). Comparing the company’s past and projected scope 1 and 2 emissions intensity trends with its 1.5°C pathway provides a good measure of its transition progress.

It is also important to assess the volume of scope 3 emissions expected from the company’s current and already approved extraction assets compared to the volume available under the company’s 1.5°C pathway. Comparing capital expenditure (CapEx) allocated to low-carbon technologies against the total CapEx also provides a good measure of action on transition.

Ranking overview

1 Marathon Petroleum Corporation
Total score 58.1 /100
Material Investment 58.1 /100
2 Hellenic Petroleum
Total score 51.2 /100
Material Investment 51.2 /100
3 ENEOS Holdings
Total score 36.1 /100
Material Investment 36.1 /100
4 CPC Corporation, Taiwan
Total score 34.5 /100
Material Investment 34.5 /100
5 Origin Energy
Total score 33.0 /100
Material Investment 33.0 /100
6 bp
Total score 26.7 /100
Material Investment 26.7 /100
7 Engie
Total score 26.2 /100
Material Investment 26.2 /100
8 Occidental Petroleum
Total score 20.4 /100
Material Investment 20.4 /100
9 Chevron Corporation
Total score 17.8 /100
Material Investment 17.8 /100
10 MOL Magyar Olajes Gazipari Nyrt
Total score 17.5 /100
Material Investment 17.5 /100
11 Cosmo Energy Holdings
Total score 16.3 /100
Material Investment 16.3 /100
12 Devon Energy Corp
Total score 16.2 /100
Material Investment 16.2 /100
13 Petroleos de Venezuela (PDVSA)
Total score 15.5 /100
Material Investment 15.5 /100
14 Compania Espanola de Petroleos SAU (CEPSA)
Total score 15.3 /100
Material Investment 15.3 /100
15 Apache Corporation
Total score 14.9 /100
Material Investment 14.9 /100
16 Repsol
Total score 14.7 /100
Material Investment 14.7 /100
17 Naftogaz
Total score 14.1 /100
Material Investment 14.1 /100
18 Chesapeake Energy Corp
Total score 13.8 /100
Material Investment 13.8 /100
19 Sinochem Energy
Total score 13.0 /100
Material Investment 13.0 /100
20 Oil and Natural Gas Corporation (ONGC)
Total score 12.8 /100
Material Investment 12.8 /100
21 Pertamina
Total score 12.7 /100
Material Investment 12.7 /100
22 Ecopetrol 
Total score 11.9 /100
Material Investment 11.9 /100
23 Novatek
Total score 11.8 /100
Material Investment 11.8 /100
24 BHP Group
Total score 11.6 /100
Material Investment 11.6 /100
25 Royal Dutch Shell
Total score 11.3 /100
Material Investment 11.3 /100
26 Egyptian General Petroleum Corporation (EGPC)
Total score 11.2 /100
Material Investment 11.2 /100
27 Total
Total score 11.1 /100
Material Investment 11.1 /100
28 Surgutneftegas
Total score 11.0 /100
Material Investment 11.0 /100
29 Sonangol
Total score 10.6 /100
Material Investment 10.6 /100
30 YPF
Total score 10.5 /100
Material Investment 10.5 /100
31 ConocoPhillips
Total score 10.4 /100
Material Investment 10.4 /100
32 Sasol
Total score 10.1 /100
Material Investment 10.1 /100
33 National Iranian Oil Company (NIOC)
Total score 10.0 /100
Material Investment 10.0 /100
34 Petroleum Development Oman (PDO)
Total score 9.5 /100
Material Investment 9.5 /100
35 Valero Energy
Total score 9.2 /100
Material Investment 9.2 /100
36 Equinor
Total score 9.1 /100
Material Investment 9.1 /100
- Petroecuador
Total score 9.1 /100
Material Investment 9.1 /100
38 EOG Resources 
Total score 8.7 /100
Material Investment 8.7 /100
39 Cenovus Energy
Total score 8.4 /100
Material Investment 8.4 /100
- China Petroleum and Chemical Corporation Limited (Sinopec)
Total score 8.4 /100
Material Investment 8.4 /100
- Marathon Oil
Total score 8.4 /100
Material Investment 8.4 /100
- Phillips 66
Total score 8.4 /100
Material Investment 8.4 /100
43 OMV
Total score 8.3 /100
Material Investment 8.3 /100
44 Emirates National Oil Company (ENOC)
Total score 8.0 /100
Material Investment 8.0 /100
45 Galp Energia
Total score 7.9 /100
Material Investment 7.9 /100
46 Petroleos Mexicanos (Pemex)
Total score 7.6 /100
Material Investment 7.6 /100
47 California Resources Corporation
Total score 7.3 /100
Material Investment 7.3 /100
- Petroliam Nasional Bhd (PETRONAS)
Total score 7.3 /100
Material Investment 7.3 /100
49 HollyFrontier
Total score 7.0 /100
Material Investment 7.0 /100
50 National Oil Corporation of Libya
Total score 6.9 /100
Material Investment 6.9 /100
51 Indian Oil Corporation (IndianOil)
Total score 6.8 /100
Material Investment 6.8 /100
52 Nigerian National Petroleum Corporation (NNPC)
Total score 6.6 /100
Material Investment 6.6 /100
53 Eni
Total score 6.3 /100
Material Investment 6.3 /100
- State Oil Company of Azerbaijan Republic (SOCAR)
Total score 6.3 /100
Material Investment 6.3 /100
55 Tatneft
Total score 6.0 /100
Material Investment 6.0 /100
56 Sonatrach
Total score 5.8 /100
Material Investment 5.8 /100
57 Lukoil
Total score 5.0 /100
Material Investment 5.0 /100
58 Neste
Total score 4.8 /100
Material Investment 4.8 /100
59 Gazprom
Total score 4.2 /100
Material Investment 4.2 /100
60 Suncor Energy 
Total score 3.4 /100
Material Investment 3.4 /100
61 Saras
Total score 3.3 /100
Material Investment 3.3 /100
62 Naturgy Energy
Total score 3.1 /100
Material Investment 3.1 /100
- TurkmenGaz
Total score 3.1 /100
Material Investment 3.1 /100
64 Pioneer Natural Resources 
Total score 2.8 /100
Material Investment 2.8 /100
65 Ampol Limited
Total score 2.5 /100
Material Investment 2.5 /100
- Inpex 
Total score 2.5 /100
Material Investment 2.5 /100
- PetroSA
Total score 2.5 /100
Material Investment 2.5 /100
68 China National Offshore Oil Corporation (CNOOC Group)
Total score 2.4 /100
Material Investment 2.4 /100
- Polski Koncern Naftowy Orlen (PKN Orlen)
Total score 2.4 /100
Material Investment 2.4 /100
- Rosneft
Total score 2.4 /100
Material Investment 2.4 /100
71 Exxon Mobil
Total score 2.0 /100
Material Investment 2.0 /100
72 SK Innovation
Total score 1.7 /100
Material Investment 1.7 /100
73 Türkiye Petrol Rafinerileri
Total score 1.5 /100
Material Investment 1.5 /100
74 NK KazMunayGaz
Total score 1.3 /100
Material Investment 1.3 /100
75 Santos 
Total score 1.1 /100
Material Investment 1.1 /100
76 Petroleo Brasileiro (Petrobras)
Total score 1.0 /100
Material Investment 1.0 /100
77 Formosa Petrochemical Corp
Total score 0.8 /100
Material Investment 0.8 /100
- Saudi Aramco (SABIC)
Total score 0.8 /100
Material Investment 0.8 /100
- Shaanxi Yanchang Petroleum Group
Total score 0.8 /100
Material Investment 0.8 /100
80 Targa Resources
Total score 0.7 /100
Material Investment 0.7 /100
81 Qatar Petroleum
Total score 0.4 /100
Material Investment 0.4 /100
82 GAIL (India)
Total score 0.1 /100
Material Investment 0.1 /100
- Hess Corporation
Total score 0.1 /100
Material Investment 0.1 /100
84 Abu Dhabi National Oil Company (ADNOC)
Total score 0.0 /100
Material Investment 0.0 /100
- Basra Oil Company (BOC)
Total score 0.0 /100
Material Investment 0.0 /100
- Bharat Petroleum Corporation
Total score 0.0 /100
Material Investment 0.0 /100
- Canadian Natural Resources
Total score 0.0 /100
Material Investment 0.0 /100
- China National Petroleum Corporation (CNPC)
Total score 0.0 /100
Material Investment 0.0 /100
- Enterprise Products Partners
Total score 0.0 /100
Material Investment 0.0 /100
- GS Holdings
Total score 0.0 /100
Material Investment 0.0 /100
- Idemitsu Kosan
Total score 0.0 /100
Material Investment 0.0 /100
- Kuwait Petroleum Corporation (Q8)
Total score 0.0 /100
Material Investment 0.0 /100
- NGL Energy Partners
Total score 0.0 /100
Material Investment 0.0 /100
- PBF Energy 
Total score 0.0 /100
Material Investment 0.0 /100
- PTT
Total score 0.0 /100
Material Investment 0.0 /100
- Reliance Industries
Total score 0.0 /100
Material Investment 0.0 /100
- Ultrapar
Total score 0.0 /100
Material Investment 0.0 /100
- Varo Energy
Total score 0.0 /100
Material Investment 0.0 /100
- Viva Energy Group
Total score 0.0 /100
Material Investment 0.0 /100
- Woodside Petroleum
Total score 0.0 /100
Material Investment 0.0 /100