Oil & gasNYSE: CVX

Chevron Corporation

15Greenwashing / Harmful

San Ramon, CA, United StatesFounded 18790 followers

chevron.com

American integrated supermajor and the second-largest US oil company, with operations spanning extraction, refining, and petrochemicals and no material near-term transition from fossil fuels.

Green Score

15/100
Greenwashing / Harmful
Greenwashing risk
high
Data confidence
high
Method
how it is calculated
Climate Impact & Solution35%5

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Chevron's core business is expanding oil and gas production — it reached a record 3.10 million barrels per day — and its lower-carbon investments (renewable fuels, CCUS, hydrogen) represent a small fraction of total capex, with no material transition away from fossil fuels planned.

Decarbonization & Targets20%12

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

Chevron's 2050 net-zero pledge covers only upstream Scope 1 and 2 emissions, is explicitly conditional on third-party technology and policy advances, has no SBTi validation, fails Climate Action 100+ target-disclosure criteria, and the company has stopped providing forward guidance on its lower-carbon capital spend — signalling a retreat rather than progress.

ESG & Operations15%28

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

Chevron publishes TCFD-aligned sustainability reports and IPIECA-standard performance data, has GHG management milestones in executive compensation scorecards, but faces ongoing civil air-quality penalties, multiple climate-damage lawsuits, and no credible absolute emissions reduction pathway.

Transparency & Verification15%30

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Chevron discloses Scope 1, 2, and partial Scope 3 emissions using GHG Protocol and TCFD frameworks, and responds to CDP, but ESG disclosure standards are described in its own 10-K as 'not harmonized and continuing to evolve,' leaving material comparability gaps; no independent SBTi or equivalent third-party target validation exists.

Integrity15%14

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

Chevron faces a California AG lawsuit alleging decades of climate deception, an FTC Green Guides complaint for advertising 'ever-cleaner' energy while spending less than 0.2% of capex on renewables, an InfluenceMap 'E+' grade for obstructive climate lobbying including opposition to cap-and-trade and methane rules, a $7.5M EPA civil penalty paid in 2024, and a $1M Texas Clean Air Act penalty for refinery violations.

Why it's on ClimateTicker

Chevron is an integrated fossil-fuel supermajor whose core business is the extraction, refining, and sale of oil and gas — activities that are net-additive to atmospheric GHG emissions at massive scale. The company has published a 2050 net-zero 'aspiration' for upstream Scope 1 and 2 emissions only, but this target is unvalidated by SBTi, explicitly conditional on external technology and policy developments, and covers none of its massive Scope 3 (product combustion) emissions. Investors should treat Chevron's climate marketing with extreme skepticism: it faces active greenwashing litigation, has quietly dropped forward guidance on its lower-carbon capital spend, and its lobbying record is deeply obstructionist.

harmfulChevron earns revenue primarily from upstream oil and gas exploration and production, downstream refining and marketing of transportation fuels and lubricants, and petrochemicals manufacturing; it is structurally dependent on continued fossil-fuel demand.

Commitments & Certifications

Controversy & Greenwashing Watch

mediumLower-Carbon Capex Guidance Withdrawn

Chevron stopped providing forward guidance on its previously announced lower-carbon capital spend through 2028, citing 'evolving market conditions' — a signal of strategic retreat from its own climate commitments.sec.gov

mediumTexas Clean Air Act Violations — Pasadena Refinery Fire

Chevron subsidiary Pasadena Refining System paid a $1 million civil penalty plus costs after a 2022 refinery fire triggered Texas Clean Air Act violations.sec.gov

mediumEPA Civil Penalty — $7.5 Million

Chevron paid a $7.5 million EPA civil penalty in April 2024 for environmental regulatory violations.sec.gov

highCalifornia AG Climate Deception Lawsuit

California Attorney General sued Chevron (alongside BP, ExxonMobil, Shell, Phillips 66, and API) alleging a decades-long campaign of public deception about fossil fuels and climate change, seeking disgorgement of profits.velaw.com

highMulti-Jurisdiction Climate Damage Litigation

Chevron is named as a defendant in lawsuits brought by numerous US cities, states, counties, Puerto Rico, and Native American tribes alleging public nuisance, fraud, and conspiracy related to climate change harms.sec.gov

highObstructive Climate Lobbying — InfluenceMap 'E+' Grade

InfluenceMap rated Chevron 'E+' for obstructive climate policy engagement, citing opposition to cap-and-trade, methane rules, EV mandates, and Renewable Fuel Standard programs across multiple jurisdictions.sec.gov

highClimate Action 100+ — Fails All Target Disclosure Criteria

The CA100+ Net Zero Company Benchmark found Chevron meets none of its target-disclosure criteria and fails to align capital allocation with Paris Agreement goals.clientearth.org

highFTC Green Guides Complaint — Deceptive 'Clean Energy' Advertising

Earthworks, Global Witness, and Greenpeace USA filed an FTC complaint alleging Chevron deceptively advertised 'ever-cleaner' or 'clean' energy while spending less than 0.2% of capex on renewables.petersandpeters.com

Related News

Community Reviews

No reviews yet. Be the first to share your experience!

ClimateTicker assessments are evidence-based research, not investment advice. Companies and readers can challenge a factual claim or submit better evidence.