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Analysis: Benchmark of Big Oil on methane emissions shows ‘significant gap’ between reality and reporting

REUTERS

Analysis: Benchmark of Big Oil on methane emissions shows ‘significant gap’ between reality and reporting

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Geofinancial Analytics’s MethaneScan® benchmark scores the oil and gas producers based on observed methane emissions in the year to this July.

This first snapshot, of the top 15 producers, finds that oil super-majors Royal Dutch Shell and Chevron are the worst performers, followed by ConocoPhillips, Marathon Oil and ExxonMobil.

The benchmark also compares observed emissions with how the companies would have been expected to perform based on a combined metric of their methane intensity reports, regulatory filings, commitment to transparent reporting, and safety incidents. Again, Shell and Chevron under-performed…

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