Oil & gasNYSE: COP
ConocoPhillips
24LaggardHouston, TX, United StatesFounded 20020 followers
conocophillips.comLargest US pure-play exploration and production company, focused on conventional and unconventional oil and gas in North America, Europe, Asia, and Australia with no material clean-energy investments.
Green Score
- Greenwashing risk
- medium
- Data confidence
- high
- Method
- how it is calculated
Climate Impact & Solution35%6
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.
ConocoPhillips' core business is hydrocarbon extraction; in 2024 it reported ~239 billion kg CO2e in Scope 3 alone, and gross operated emissions rose ~17% in 2025 following the Marathon Oil acquisition, leaving essentially zero net-positive climate impact from its core activities.
Decarbonization & Targets20%22
Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.
ConocoPhillips has a 50–60% Scope 1+2 GHG intensity reduction target by 2030 (from 2016) and a 2050 net-zero operational ambition, but targets are intensity-based (not absolute), cover only Scope 1+2, have no SBTi validation, and the 2050 pledge explicitly excludes Scope 3 — which accounts for ~94% of total emissions.
ESG & Operations15%38
Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.
ConocoPhillips holds an MSCI ESG 'AA' rating, is a DJSI constituent (one of only four North American upstream E&P companies), achieved OGMP 2.0 Gold Standard methane reporting, and ties ESG metrics to executive compensation — above-average for oil and gas peers but still a high-emitting operator with active environmental litigation.
Transparency & Verification15%45
Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.
ConocoPhillips publishes annual sustainability reports with Scope 1, 2, and 3 data, follows API Template 2.0 and OGMP 2.0 Gold Standard for methane reporting, discloses a cost-of-supply curve and scenario analysis, and includes ESG data assurance — solid for the sector, but third-party verification scope and CDP grade are not fully disclosed publicly.
Integrity15%32
Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.
ConocoPhillips is a defendant in 22 Louisiana coastal contamination lawsuits, faces multiple US climate-liability suits filed by governmental entities, and carries a securities fraud lawsuit (Concho-related) that survived dismissal in 2023 — a pattern of significant ongoing legal exposure on environmental and governance grounds.
Why it's on ClimateTicker
ConocoPhillips is the largest US pure-play E&P company whose core business is extracting and selling fossil fuels, generating ~255 billion kg CO2e in total annual emissions (overwhelmingly Scope 3); it does not invest materially in clean energy. Its operational (Scope 1+2) intensity targets and OGMP 2.0 Gold Standard methane reporting reflect above-average transparency for its peer group, but no SBTi validation exists, Scope 3 is explicitly excluded from its net-zero ambition, and the 2025 gross emissions rose 17% after the Marathon Oil acquisition — making the net climate trajectory negative.
Commitments & Certifications
Controversy & Greenwashing Watch
ConocoPhillips' total gross operated GHG emissions increased approximately 17% in 2025 versus 2024, driven by the Marathon Oil acquisition, directly contradicting any narrative of an improving absolute emissions trajectory.conocophillips.com
ConocoPhillips' 2050 net-zero ambition covers only operational (Scope 1 and 2) emissions and explicitly excludes Scope 3, which constitute approximately 94% of the company's total reported carbon footprint of ~255 billion kg CO2e.net0tracker.com
Lead plaintiffs alleged that Concho (acquired by ConocoPhillips) made materially false and misleading statements about business operations; defendants' motion to dismiss was denied in June 2023, keeping ConocoPhillips exposed to unspecified damages.sec.gov
ConocoPhillips is a defendant in 22 lawsuits filed by Louisiana parishes seeking damages for coastline contamination and erosion allegedly caused by historical oil and gas operations, with cases now proceeding in state court after federal remand was upheld by the Fifth Circuit and Supreme Court.sec.gov
Beginning in 2017, governmental entities and individuals across multiple US states and territories have filed climate change liability lawsuits against ConocoPhillips seeking compensatory damages and equitable relief, with additional suits expected.sec.gov
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