Oil & GasNYSE: XOM

ExxonMobil

16Greenwashing / Harmful

Spring, TX, USAFounded 1999Public0 followers

corporate.exxonmobil.com

One of the world's largest publicly traded oil and gas companies, with growing upstream production alongside a comparatively small low-carbon solutions division.

Green Score

16/100
Greenwashing / Harmful
Greenwashing risk
high
Data confidence
low
Method
how it is calculated
Climate Impact & Solution35%8

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.

ExxonMobil's core business produces and sells fossil fuels that generate approximately 600+ million tonnes of Scope 3 CO₂-equivalent annually; its Low Carbon Solutions division (targeting 100 Mt/yr CCS capacity by 2030) is orders of magnitude smaller and does not meaningfully reduce the company's net climate impact.

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.

ExxonMobil has pledged net-zero Scope 1 & 2 emissions by 2050 and set a 2030 emissions-reduction plan, but has NOT submitted to SBTi, does not include Scope 3 (which represents ~85–90% of its total emissions footprint) in its net-zero commitment, and its 2030 targets are intensity-based (not absolute), meaning total emissions can rise with production growth.

ESG & Operations15%28

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

ExxonMobil publishes an annual Sustainability Report and discloses to CDP (receiving a C score in recent assessments), has made incremental reductions in methane intensity and routine flaring, but faces persistent criticism over labor disputes, environmental justice concerns in refinery communities, and board governance that resisted climate-focused shareholder activism until Engine No. 1's 2021 proxy success.

Transparency & Verification15%35

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

ExxonMobil produces detailed Scope 1 and 2 disclosures that are third-party verified by IPIECA standards, participates in CDP, and publishes an Energy & Carbon Summary; however, it omits Scope 3 from binding targets, has been criticized by the SEC for inadequate climate-risk disclosure, and its CCS project projections rely on unproven future technology at scale.

Integrity15%10

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

ExxonMobil has faced decades of documented controversies: internal research predicting climate change as early as the 1970s while publicly funding doubt campaigns (Exxon Knew); ongoing state AG investigations and lawsuits for climate deception; the 2010 Deepwater Horizon adjacent reputational context; a 2022 lawsuit against activist shareholders; continued lobbying against carbon pricing and climate legislation; and a 2023 lawsuit attempting to block a shareholder climate resolution — all of which represent severe, repeated integrity failures.

XOM· NYSE
USD 153.04▲ 37.33%

Updated 7/29/2026

Why it's on ClimateTicker

ExxonMobil is one of the world's largest fossil-fuel producers and its core business model — extracting and selling oil and gas — is fundamentally emissions-generating; its 'Low Carbon Solutions' division (CCS, hydrogen, biofuels) is a small fraction of capital allocation and does not offset the company's outsized contribution to global greenhouse-gas emissions. The company markets climate progress through net-zero rhetoric, Scope 1 & 2 pledges, and CCS investments, but has no SBTi-validated targets covering Scope 3, continues to grow upstream production, and has a long documented record of funding climate-denial and lobbying against climate policy. Investors should treat ExxonMobil as a laggard with high greenwashing risk, not a genuine climate solution.

laggardExxonMobil earns revenue primarily from upstream exploration and production of crude oil and natural gas, downstream refining and marketing of petroleum products, and chemicals manufacturing; a very small and still-unprofitable Low Carbon Solutions segment pursues carbon capture, hydrogen, and biofuels as future revenue streams.

Commitments & Certifications

Controversy & Greenwashing Watch

highLawsuit to block shareholder climate resolution

In early 2024, ExxonMobil sued activist investor Arjuna Capital to block a shareholder resolution on Scope 3 emissions reductions, even after Arjuna withdrew the proposal, setting a chilling precedent for shareholder climate activism.nytimes.com

highState Attorney General climate fraud investigations

Multiple state AGs (New York, Massachusetts, Minnesota, others) have filed or are pursuing lawsuits alleging ExxonMobil deceived investors and the public about climate risk and the viability of its business under climate regulation.theguardian.com

mediumMethane super-emitter events

Satellite-based monitoring (GHGSat, Carbon Mapper) has repeatedly detected large methane releases from ExxonMobil Permian Basin operations inconsistent with the company's self-reported methane intensity figures.science.org

mediumSEC climate disclosure enforcement scrutiny

ExxonMobil's climate risk disclosures have been flagged by SEC staff and climate-finance analysts as insufficiently quantifying the financial impact of transition risk and physical climate risk on its long-term asset base.sec.gov

highContinued heavy lobbying against climate legislation

ExxonMobil has spent tens of millions annually lobbying against carbon taxes, clean energy standards, and methane regulations; a 2021 undercover investigation caught a senior lobbyist admitting the company's public support for a carbon tax was insincere.theguardian.com

mediumEngine No. 1 board proxy fight over climate strategy

In 2021, activist hedge fund Engine No. 1 won three board seats at ExxonMobil's annual meeting, citing the company's inadequate long-term climate strategy and risk of stranded assets — an extraordinary rebuke by institutional shareholders.wsj.com

highExxon Knew — decades of internal climate research suppressed

Investigative reporting and academic research confirmed ExxonMobil's own scientists accurately predicted human-caused climate change from the 1970s onward while the company funded external doubt campaigns and lobbied against climate policy.insideclimatenews.org

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