ConocoPhillips

Oil & Gas

Company Summary

ConocoPhillips is a major player in the global oil and gas industry, focusing on sustainable energy solutions and carbon management. The company has set a target for net-zero emissions by 2050 and is making efforts to reduce emissions from its operations. ConocoPhillips’ ESG rating is influenced by its investments in carbon capture and renewable energy initiatives, although it continues to face challenges due to its reliance on fossil fuel extraction. Critics argue that ConocoPhillips’ overall ESG score is limited by its ongoing involvement in oil and gas production, which significantly contributes to climate change. The company is working to improve its sustainability practices, but its ESG efforts are tempered by the scale of the transition required to align fully with global climate goals. For a full overview, refer to the latest ConocoPhillips ESG report, which provides insights into both the company’s progress and areas that need further attention.

ESG Rating Overview

Sustainalytics

Overall ESG Rating :

33.1
Rating Scale
0-10Negligible10-20Low20-30Med30-40High40+Severe
Ranking
Industry Group
Oil & Gas Producers46 out of 301
Universe
Global Universe11924 out of 15104

Overall ESG Rating :

63
Rating Scale
0-25Poor 25-50Satisfactory 50-75Good75-100Excellent
0100E66S74G37

Overall ESG Rating :

A
Rating Scale
CCCB
Laggard
BBBBBA
Average
AAAAA
Leader

ConocoPhillips is average among 19 companies in the oil & gas exploration & production industry.

Temperature Rise :

4℃
CLIMATE SCALE
≥ 3.85°CLagging > 2°C - < 3.85°CMisaligned ≤ 2°CAligned

FAQ

What is ConocoPhillips' ESG score?

ConocoPhillips has an improving ESG score of 62/100 (according to Sustainalytics), with emphasis on environmental sustainability, risk management, and social responsibility.

How does ConocoPhillips manage ESG risks?

What environmental policies does ConocoPhillips have in place?