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1、2024 corporate sustainability highlights1Chevron 2024 Corporate Sustainability Highlights(May 2025)2024 highlightsoverview.2lower carbon.3environment.4safety.5social.6performance.7 reporting.8 performance data.9 about this report.29Chevron strives to protect the environment,empower people and get re

2、sults the right way.Our sustainability reporting focuses on environmental,social and governance(ESG)issues relevant to our business and our stakeholders.Chevron produces crude oil and natural gas,manufactures transportation fuels,lubricants,petrochemicals and additives,and develops technologies that

3、 enhance our business and the industry.The Chevron Way guides how we work and establishes a common understanding of our culture,vision and values.Our Operational Excellence Management System helps put into action our Chevron Way.additional resources 2025 proxy statement 2024 annual report 2024 suppl

4、ement to the annual report 2024 annual report on form 10-K ESG index sustainability webpagePhoto:The Anchor floating production unit was designed to run on electric motors and electronic controls using central turbine generators fueled by its own produced natural gas.2Chevron 2024 Corporate Sustaina

5、bility Highlights(May 2025)lower carbonenvironmentsafetysocialperformanceoverviewpurpose We work to provide the affordable,reliable,ever-cleaner energy that enables human progress.vision To be the global energy company most admired for its people,partnership and performance.strategic direction We le

6、verage our strengths to safely deliver lower carbon energy to a growing world.We aim to grow our oil and gas business,lower the carbon intensity of our operations and grow new businesses in renewable fuels,carbon capture and offsets,hydrogen,power generation for data centers,and emerging technologie

7、s.Photo:Board visit to operations in Angola LR:William Lacobie Managing Director Southern Africa,JeffGustavson President of CNE,ClayNeff President Upstream,MaryFrancis Corporate Secretary,Alice P.Gast,Debra Reed-Klages,D.James Umpleby III,Wanda M.Austin,Michael K.“Mike”Wirth Chairman of the Board an

8、d Chief Executive Officer,Cynthia J.Warner,Dambisa F.Moyo,Enrique Hernandez,Jr.,Mark Nelson Vice Chairman,Eimear Bonner Chief Financial Officer,Balaji Krishnamurthy President Australia;Not pictured:Marillyn A.Hewson,Jon M.Huntsman Jr.,Charles W.Moorman,John B.FrankAs directors visit Chevron operatio

9、ns throughout the world,they listen to and interact directly with employees.In 2024,the Board met with Chevron Angola leadership and employees.Directors were given an overview of operations,toured the Angola LNG facility,visited the Integrated Operations Decision Support Center and the Mwanza Traini

10、ng Center,and joined in celebrations marking 70 years of regional partnership and operational excellence.overview3Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformanceour approachWere leveraging our capabilities,assets,partnerships and custo

11、mer relationships as we aim to lower the carbon intensity of our operations and advance new products and solutions.To grow new businesses,Chevron plans to target sectors of the economy where emissions are harder to abate or that cannot be easily electrified.additional resources climate webpage for m

12、ore about our approach,search ESG indexreducing carbon intensity Completed abatement projects from 2021 to 2024 designed to abate 1.2 million tonnes per year of carbon dioxide-equivalent(CO2e)emissions.In 2024,we spent more than$600 million to advance and complete abatement projects.Installed more t

13、han 250 facility retrofits to reduce methane emissions in Colorado.Converted the facilities to operate pneumatic devices with nitrogen instead of field natural gas.We estimate this will eliminate over 5,000 tonnes per year of associated methane emissions.Achieved efficiencies in our El Segundo Refin

14、ery with our patented Isomax hydrocracking unit.We antici-pate reduced fuel costs and associated reduction of approx imately 71,000 tonnes of CO2e emissions over the remaining operating life of the equipment.Implemented advanced process controls to more efficiently manage cooling operations at Angol

15、a LNG.The associated decrease in fuel usage and flaring of excess gas is anticipated to reduce greenhouse gas(GHG)emissions by approximately 26,000 tonnes of CO2e per year on an equity basis.Continued electrifying our Permian natural gas compression stations by installing electric-driven compressors

16、.Nearly 40%of the 2024 drilling fleet was able to operate on grid electricity,while our other rigs were powered by natural gas or diesel.Installed a 10-acre solar array expected to provide electricity for approximately 40%of the Mason City,Iowa,biorefinerys annual power consumption needs.new busines

17、ses Completed construction of an expansion at the Geismar renewable diesel plant in Louisiana.This is expected to increase site nameplate capacity to 340 million gallons per year.Reached final investment decision to build an oilseed processing plant in Louisiana through joint venture Bunge Chevron A

18、g Renewables LLC.The flexible design of the new plant will allow it to process soybeans and softseeds,including intermediate oilseed crops.Drilled onshore and offshore wells to understand carbon dioxide storage potential through the joint venture,Bayou Bend CCS LLC.lower carbon Received two GHG asse

19、ssment permits offshore Western Australia via joint ventures.The acreage is to be evaluated as part of a potential hub for storing third-party and affiliate emissions.Became operator of and furthered construction on the Advanced Clean Energy Storage project(ACES I).Expected to start up in 2025,this

20、joint venture aims to produce hydrogen for long-duration energy storage in salt caverns.Commenced preliminary front-end engineering and design for a potential hydrogen production facility on the U.S.Gulf Coast.The project proposes to use natural gas as a feedstock,combined with carbon capture and st

21、orage,to produce lower carbon intensity hydrogen converted to ammonia for ease of transportation.Invested in Terviva,Inc.,an agricultural innovation company.Terviva seeks to drive greater availability of pongamia oil as a feedstock for renewable fuel production by scaling farming operations.Invested

22、 in startup,Aether Fuels,developing capture and conversion of gases,such as waste gases,biogas or carbon dioxide,into liquid fuels for hard-to-abate sectors.See Chevrons California Voluntary Market Disclosures Act(AB-1305)disclosure for additional information.4Chevron 2024 Corporate Sustainability H

23、ighlights(May 2025)overviewlower carbonenvironmentsafetysocialperformanceour approachWe help protect the environment through responsible design,development,operations and retirement of assets.environmentwater Reduced 60%of the freshwater volumes needed to cool our El Segundo Refinery wastewater trea

24、tment plant by reusing water from the recovery wells.This reduced our freshwater withdrawals by approximately 113,000 cubic meters over the course of the year.Piloting a mobile produced water pretreatment unit in Colorado that uses ceramic membrane filtration technology.This unit has the potential t

25、o make recycling produced water more accessible to our operations.air emissions Updated our internal guidelines(which provide design guidance,general system recommendations and operational best practices)to help reduce flaring and fugitive and venting emissions from both new and existing facilities.

26、Trialed automated modeling and dashboard software for fenceline monitoring at our Pascagoula Refinery following successful deployment at our Pasadena Refinery.In addition to required monitoring,these refineries use networks of real-time analyzers for faster detection of volatile organic compound(VOC

27、)concentrations.This software enables better visualization and analysis of the analyzer data.biodiversity Sponsored a global positioning system(GPS)collaring program as part of our Colorado upstream operations Comprehensive Wildlife Plan.The plan helps identify opportunities for protecting wildlife

28、and their habitat colocated or overlapping with oil and gas developments.The program,in collaboration with the University of Montana and the State University of New York,collects data on the native mule deer and pronghorn.Monitoring 82.5 acres of rehabilitated area on Thevenard Island,Western Austra

29、lia,as part of decommissioning requirements.waste Developed an innovative electromotive cleaning process to prepare decommissioned metal assets for recycling through an agreement with INSEE Ecocycle Company Limited.In 2024,more than 21 km(13 miles)of pipeline in Thailand were cleaned using low-volta

30、ge power and seawater instead of chemicals.Incorporated circularity principles to repurpose post-use plastic in Argentina.Through a service provider,1.1 tonnes of post-use plastics were collected from the El Trapial field office workforce in 2024.The plastics are converted into functional products,l

31、ike pallets,that are purchased by Chevron Argentina for operational use.decommissioning and remediation Remediated a former landfill site within the Port of Rotterdam,Netherlands,by excavating and treating over 100,000 tonnes of impacted soil according to local requirements.From 2022 to 2024,soil wa

32、shing,GPS-guided excavation,and digital tools for waste tracking and registration improved removal efficiency and execution safety.Following offsite treatment,more than 90%of the excavated soil was used for site backfill or was readied for reuse at other appropriate locations.Avoided generation of 7

33、,800 tons of steel waste between 2017 and 2024 by reusing and reinstalling retired platform topsides at new locations.In 2017,Chevron Thailand commenced relocation of 12 platform topsides within its operating area.In 2024,Chevron Thailand also signed an agreement to sell one topside for reuse by an

34、operator in the area.additional resources environment webpage for more about our approach,search ESG index5Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformance051015202520202021202220232024131212205202121Number of serious injuriesNumber of

35、work-related fatalitiesour approachWe engage employees and contractors to build and sustain a safety culture that delivers performance and focuses on preventing high-consequence incidents.Chevron aims to prevent fatalities,serious injuries and illnesses across our operations,eliminate high-consequen

36、ce process safety incidents,and operate reliably.workforce Land transportation continues to be a high-risk activity in our industry.Regrettably,a motor vehicle incident involving a contractor vehicle resulted in a fatality.We work to continuously improve our safety culture.Well-Being Ambassador prog

37、ram aims to increase workforce awareness of Chevrons health-related resources.In 2024,the program supported over 100 well-being-related events.Robots are used at our El Segundo Refinery in California to reduce how long and how often workers need to enter storage tanks.Invested in SwissDrones,a start

38、up developing uncrewed helicopters for surveillance,emissions detection,asset inspection and cargo delivery.process Key performance indicators,such as Tier 1 Loss of Containment(Tier 1)events,are used to assess our process safety performance.In 2024,we experienced 26 Tier 1 events.To help reduce the

39、 number and severity of events,we implement safety standards and procedures.Our focus is on key opportunities for improvement of Tier 1 performance,including continued implementation of asset integrity standards across facilities.safety Started up Anchor,our latest deepwater platform in the Gulf of

40、America.With reservoir depths reaching 34,000 feet below the water surface and high-pressure technology rated to safely operate at up to 20,000 psi,Anchor demonstrates industry-leading technology.emergency preparedness Proactive planning and risk management benefited a business unit when internet an

41、d cellular access were lost.Earlier preparation,through a multiday emergency response exercise,helped the unit maintain continuity of critical operations throughout the event.product stewardship Conducted hazard assessments on over 250 chemicals and formulations.Published more than 79,000 safety dat

42、a sheets for customers in 41 languages.Renewed EU Ecolabel certification for Chevron Lubricants BVs Clarity Bio EliteSyn AW lubricant products.*The certification assesses against criteria such as aquatic toxicity,biodegradability and bioaccumulation.Chevron workforce safety(Total)additional resource

43、s for more about our approach,search ESG index*Clarity and Bio EliteSyn are federally registered service marks of Chevron Intellectual Property LLC.6Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformance020,00040,00060,00080,000100,000120,000

44、20202021202220232024additional resources for more about our approach,search ESG index sustainability webpageour approachWe believe human ingenuity has the power to solve any challenge and overcome any obstacle.Together,the people at Chevron work in pursuit of a common purpose,to provide the affordab

45、le,reliable,ever-cleaner energy that enables human progress.employees Employee engagement surveys help us assess the health of the companys culture.Average participation globally in our 2024 employee surveys was 79%.Hired over 800 interns globally.In the United States,170 graduates were hired full-t

46、ime.From the U.S.intern and graduate offers extended,77%were accepted.Our U.S.university acceptance rates remain in line with our historical percentages.Over 1,000 employees participated in one-on-one coaching sessions designed to improve their effectiveness as leaders.Provided generative AI(gen AI)

47、training to nearly 5,000 employees globally.More than 175 leaders enhanced their gen AI acumen and 226 practitioners trained to help promote and oversee AI transforma-tion initiatives.Increased participation in our 11 voluntary employee networks,with more than 50%of our workforce involved.security E

48、ngaged with Voluntary Principles Initiative Nigeria In-country Working Group members to share ideas and best practices for mitigating gender-based violence in the workplace.Approximately 230 public and private security providers of Chevron Nigeria were trained on the Voluntary Principles on Security

49、 and Human Rights.socialsuppliers Sourced nearly$6.4 billion in materials,goods,logistics and services toward local content requirements in Angola,Australia and Kazakhstan(through Tengizchevroil LLP,a nonoperated joint venture).community Supported the Maria Imaculada HIV/AIDS center to help vulnerab

50、le women fight disease and financial hardship in Angola.The center offers free support to women living with HIV and exposed babies.Services provide newborns with milk and baby food to avoid HIV transmission from breastfeeding.Vocational training is also offered to help women start and successfully o

51、perate their own enterprises.Chevron U.S.employee and retiree volunteer hours7Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancePhoto:We strive to protect the environment,empower people and get results the right way.This approach is integ

52、rated throughout our business.2024 performancereporting.8performance data.9about this report.29additional resources for historical performance data8Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this re

53、portadditional resources for more about our approach,search ESG index stakeholder engagement ESG assurance GHG assurance ISO certificate PCI methodologyour approachWe identified the content for our 2024 Corporate Sustainability Highlights report by assessing our progress on ESG-related matters,monit

54、oring issues and trends,and engaging throughout the year with stakeholders.reportingstakeholder engagementThoughtful engagement on priority issues helps Chevron assess and,where appropriate,refresh our ESG reporting.Members of the Enterprise Leadership Team,the Global Issues Committee,and the Boards

55、 Public Policy and Sustainability Committee have opportunities to provide input to our sustainability reporting.To gain insight into ESG issues and reporting trends,we work with third-party groups,including the World Business Council for Sustainable Development,BSR and Ipieca.We engage external cons

56、ultants to benchmark our reporting with peers sustainability reports.Our ESG rater performance is used to identify opportunities for potential disclosure enhancements.We also work with Datamaran,an ESG risk identification and monitoring software company that uses artificial intelligence to identify,

57、prioritize and monitor ESG issues.data tables*To promote comparability,we map our reporting data to the relevant Ipieca sustainability reporting guidance and Sustainability Accounting Standards Board(SASB)standards to help provide information for investors and other stakeholders.The references in in

58、dex columns are based solely on Chevrons interpretation and judgment and do not indicate application of definitions,metrics,measurements,standards or approaches set forth by third-party groups,including the Ipieca sustainability reporting guidance and SASB standards.Qualitative metrics and links to

59、other Chevron resources are included in this section.*Unless otherwise noted,this section reflects 2024 data collected as of April 10,2025.Numbers in tables may not sum due to rounding.All data are reported on an operated basis unless otherwise noted.GHG emissions,environmental performance,and workf

60、orce health and safety tables include data from Tengizchevroil LLP and the Partitioned Zone between Saudi Arabia and Kuwait(SAPZ).Although Chevron has traditionally included Tengizchevroil LLP data in this report as if Tengizchevroil LLP is Chevron-operated,Chevron does not own a controlling interes

61、t in,does not operate and does not have the authority to force implementation of Chevron management systems within Tengizchevroil LLP.Inclusion of SAPZ data within the operational data is a reflection of alignment to Operational Excellence reporting and not reflective of the underlying legal structu

62、re or governance practices.All restatements are restated against the May 2024 release of the 2023 Corporate Sustainability Report.Variations year-on-year or across multiple years of performance data may result from a variety of causes such as methodology updates,portfolio changes,economic conditions

63、,and business performance and initiatives.Performance data are not a guarantee of future performance nor intended to be a demonstration of linear progress against aspirations,targets or other ambitions.See Forward-Looking Statements Warning and Other Disclaimers.9Chevron 2024 Corporate Sustainabilit

64、y Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaPortfolio carbon intensity(grams COe/megajoule)171.471.371.071.170.7CCE4:C4Upstream carbon intensity1CCE4:C4Oil intensity(kilograms COe/boe)28.228.625

65、.222.421.7Gas intensity(kilograms COe/boe)26.828.627.526.127.1Methane intensity(kilograms COe/boe)2.02.11.91.61.7Flaring intensity(kilograms COe/boe)3.84.33.52.83.0Refining carbon intensity(kilograms COe/boe)138.637.937.036.037.0CCE4:C4direct GHG emissions(scope 1)2,3,4,5Direct GHG emissions(scope 1

66、)all GHGs(million tonnes COe)5457535254CCE4:C1/A1Upstream all GHGs(million tonnes COe)62323181718EM-EP-110a.1CCE4:C3CO(million tonnes)2120161616CH(million tonnes CH)70.080.080.070.060.06CH(million tonnes COe)72.12.11.81.51.6Other GHGs(million tonnes COe)0.10.10.10.1 0.1Upstream flaring(subset of sco

67、pe 1)all GHGs(million tonnes COe)44333EM-EP-110a.2CCE7:C4CO(million tonnes)34333CH(million tonnes CH)70.010.010.010.010.01CH(million tonnes COe)70.30.30.20.20.3Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Volume of flares(thousand mmscf)85050404040CCE7:A1Midstream all GHGs(million tonnes COe)111

68、11EM-MD-110a.1CCE4:C3CO(million tonnes)11111CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)7 0.1 0.1 0.10.10.1Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1equity emissions table continues on page 10equity emissions10Chevron 2024 Corporate Sustainability Highlights(May 2025)

69、overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaDirect GHG emissions(scope 1)all GHGs(million tonnes COe),continuedDownstream all GHGs(million tonnes COe)91820202020EM-RM-110a.1CCE4:C3CO(million tonnes)1819192020CH(milli

70、on tonnes CH)7 0.01 0.01 0.01 0.010.01CH(million tonnes COe)70.10.10.10.10.1Other GHGs(million tonnes COe)0.10.10.10.1 0.1Liquefied Natural Gas(LNG)all GHGs(million tonnes COe)789810EM-EP-110a.2CCE4:C3CO(million tonnes)78889CH(million tonnes CH)70.010.010.010.010.02CH(million tonnes COe)70.20.30.30.

71、30.4Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Volume of flares(thousand mmscf)1010Chemicals all GHGs(million tonnes COe)11,1244444CCE4:C3CO(million tonnes)44444CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)7 0.1 0.1 0.1 0.1 0.1Other GHGs(million tonnes COe)0.1 0.1 0.1 0

72、.1 0.1Other all GHGs(million tonnes COe)1311111CCE4:C3CO(million tonnes)11111CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)7 0.1 0.1 0.1 0.1 0.1Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1equity emissions table continues on page 11equity emissions,continued11Chevron 2024

73、Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaEmissions associated with exported electricity and steam all GHGs(million tonnes COe)1411 1 1 1CCE4:C3/A6Upstream all GHGs(mill

74、ion tonnes COe)6 1 1 1 1 1Midstream all GHGs(million tonnes COe)00000Downstream all GHGs(million tonnes COe)9 1 1 1 1 1LNG all GHGs(million tonnes COe)00000Chemicals all GHGs(million tonnes COe)11,1200000Other all GHGs(million tonnes COe)13 11 1 1 1Direct biogenic CO emissions(million tonnes CO)150.

75、070.13indirect GHG emissions from imported energy(scope 2)2,4,5,16CCE4:C2/C3Indirect GHG emissions from imported energy(scope 2),market-based all GHGs(million tonnes COe)44444Upstream all GHGs(million tonnes COe)611112Midstream all GHGs(million tonnes COe)1 1 1 1 1Downstream all GHGs(million tonnes

76、COe)911111LNG all GHGs(million tonnes COe)00000Chemicals all GHGs(million tonnes COe)11,1211111Other all GHGs(million tonnes COe)13 1 1 1 1 1Indirect GHG emissions from imported energy(scope 2),location-based all GHGs(million tonnes COe)54Upstream all GHGs(million tonnes COe)622Midstream all GHGs(mi

77、llion tonnes COe)1 1Downstream all GHGs(million tonnes COe)911LNG all GHGs(million tonnes COe)00Chemicals all GHGs(million tonnes COe)11,1211Other all GHGs(million tonnes COe)13 1 1equity emissions table continues on page 12equity emissions,continued12Chevron 2024 Corporate Sustainability Highlights

78、(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaindirect GHG emissions(scope 3)17CCE4:A2Category 11 use of sold products production method all GHGs(million tonnes COe)412408391405432Category 11 use of sold prod

79、ucts throughput method all GHGs(million tonnes COe)372389391406417Category 11 use of sold products sales method all GHGs(million tonnes COe)583611668690717Indirect biogenic CO emissions(million tonnes CO)15Category 11 use of sold products throughput method(million tonnes CO)31Category 11 use of sold

80、 products sales method(million tonnes CO)1414third-party verification18Assurance levelLimitedLimitedReasonableReasonableReasonableAssurance providerERM CVSDNVDNVDNVDNVequity emissions,continued13Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperf

81、ormancereporting|performance data|about this report20202021202220232024SASBipiecadirect GHG emissions(scope 1)2,3,4Direct GHG emissions(scope 1)all GHGs(million tonnes COe)5657535253CCE4:C1/A1Upstream all GHGs(million tonnes COe)3029242323EM-EP-110a.1CCE4:C3CO(million tonnes)2826222121CH(million ton

82、nes CH)70.110.120.090.080.07CH(million tonnes COe)72.73.02.31.92.1Other GHGs(million tonnes COe)0.10.10.10.1 0.1Upstream flaring(subset of scope 1)all GHGs(million tonnes COe)67444EM-EP-110a.2CCE7:C4CO(million metric tons)56444CH(million tonnes CH)70.020.020.010.010.01CH(million tonnes COe)70.40.50.

83、30.30.3Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Volume of flares(thousand mmscf)890100606050CCE7:A1Midstream all GHGs(million tonnes COe)11111EM-MD-110a.1CCE4:C3CO(million tonnes)11111CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)7 0.1 0.1 0.10.10.1Other GHGs(million t

84、onnes COe)0.1 0.1 0.1 0.1 0.1Downstream all GHGs(million tonnes COe)91415141515EM-RM-110a.1CCE4:C3CO(million tonnes)1414141515CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)70.10.10.1 0.1 0.1Other GHGs(million tonnes COe)0.10.10.10.1 0.1operated emissions table continues on pag

85、e 14operated emissions14Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportoperated emissions,continued20202021202220232024SASBipiecaDirect GHG emissions(scope 1)all GHGs(million tonnes COe),cont

86、inuedLNG all GHGs(million tonnes COe)911121213EM-EP-110a.2CCE4:C3CO(million tonnes)911121212CH(million tonnes CH)70.010.020.020.020.02CH(million tonnes COe)70.30.50.50.60.6Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Volume of flares(thousand mmscf)1010Chemicals all GHGs(million tonnes COe)11 1

87、1 1 1 1CCE4:C3CO(million tonnes)1 1 1 1 1CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH(million tonnes COe)7 0.1 0.1 0.1 0.1 0.1Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Other all GHGs(million tonnes COe)1311111CCE4:C3CO(million tonnes)11111CH(million tonnes CH)7 0.01 0.01 0.01 0.01 0.01CH

88、(million tonnes COe)7 0.1 0.1 0.1 0.1 0.1Other GHGs(million tonnes COe)0.1 0.1 0.1 0.1 0.1Emissions associated with exported electricity and steam all GHGs(million tonnes COe)1411 1 1 1CCE4:C3/A6Upstream all GHGs(million tonnes COe)1 1 1 1 1Midstream all GHGs(million tonnes COe)00000Downstream all G

89、HGs(million tonnes COe)9 1 1 1 1 1LNG all GHGs(million tonnes COe)00000Chemicals all GHGs(million tonnes COe)1100000Other all GHGs(million tonnes COe)13 11 1 1 1Direct biogenic CO emissions(million tonnes CO)150.040.06operated emissions table continues on page 1515Chevron 2024 Corporate Sustainabili

90、ty Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportoperated emissions,continued20202021202220232024SASBipiecaindirect GHG emissions from imported energy(scope 2)2,4,16CCE4:C2/C3Indirect GHG emissions from imported energy(scope 2),

91、market-based all GHGs(million tonnes COe)12112Upstream all GHGs(million tonnes COe)11111Midstream all GHGs(million tonnes COe)1 1 1 1 1Downstream all GHGs(million tonnes COe)9 11111LNG all GHGs(million tonnes COe)00000Chemicals all GHGs(million tonnes COe)11 1 1 1 1 1Other all GHGs(million tonnes CO

92、e)13 1 1 1 1 1Indirect GHG emissions from imported energy(scope 2),location-based all GHGs(million tonnes COe)22Upstream all GHGs(million tonnes COe)11Midstream all GHGs(million tonnes COe)1 1Downstream all GHGs(million tonnes COe)911LNG all GHGs(million tonnes COe)00Chemicals all GHGs(million tonne

93、s COe)11 1 1Other all GHGs(million tonnes COe)13 1 1operated emissions table continues on page 1616Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaindirect GHG em

94、issions(scope 3)17CCE4:A2Category 11 use of sold products production method all GHGs(million tonnes COe)588621592576616Category 11 use of sold products throughput method all GHGs(million tonnes COe)392450442295324Indirect biogenic CO emissions(million tonnes CO)15Category 11 use of sold products thr

95、oughput method(million tonnes CO)31GHG mitigationCarbon capture,utilization and storage(CCUS)all GHGs(million tonnes COe)1931122CCE3:A6Renewable Energy Credits(RECs for indirect emissions)all GHGs (million tonnes COe)20 1 1 1 1 1CCE3:A7Offsets all GHGs(million tonnes COe)212131058operated emissions,

96、continued17Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report20202021202220232024SASBipiecaenergy efficiencyCCE6Total energy consumption,operated assets and nonoperated joint venture refineries(

97、trillion BTUs)22851859787785794CCE6:C1Total energy consumption,operated assets and nonoperated joint venture refineries(million gigajoules)22898906830829838CCE6:C1Total energy consumption,operated assets(trillion BTUs)22701703629632638CCE6:C1Total energy consumption,operated assets(million gigajoule

98、s)22739741663667673CCE6:C1Manufacturing Energy Index(Refining)238888928987CCE6:A4Upstream Energy Intensity(thousand BTUs per barrel of oil-equivalent)341306255255242CCE6:A2air quality24ENV5:C1Total volatile organic compounds(VOCs)emitted(thousand metric tons)8191635755EM-EP-120a.1 EM-MD-120a.1 EM-RM

99、-120a.1 RR-BI-120aTotal sulfur oxides(SOx)emitted(thousand metric tons)4187704848EM-EP-120a.1 EM-MD-120a.1 EM-RM-120a.1 RR-BI-120aTotal nitrogen oxides(NOx)emitted(thousand metric tons)112113106103101EM-EP-120a.1 EM-MD-120a.1 EM-RM-120a.1 RR-BI-120awater managementWater withdrawn25ENV1Fresh water wi

100、thdrawn(million cubic meters)6367636369ENV1:C1Upstream2827262428EM-EP-140a.1Refining263337353637EM-RM-140a.1Other2722334RR-BI-140a.1environmental performance table continues on page 18environmental performance Indicates restatement of data.18Chevron 2024 Corporate Sustainability Highlights(May 2025)

101、overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportenvironmental performance,continued20202021202220232024SASBipiecaWater withdrawn,25 continuedNonfresh water withdrawn(million cubic meters)3433333332ENV1:A4Upstream1715141514Refining261717181717Other27

102、111 1 1Fresh water withdrawn intensityUpstream(barrel of water per barrel of oil-equivalent)280.110.100.110.100.11ENV1:A2Refining(barrel of water per barrel of oil-equivalent as feedstock)290.570.560.560.550.59ENV1:A2Fresh water consumed(million cubic meters)6266626267EM-EP-140a.1ENV1:C2Fresh water

103、withdrawn in regions with high or extremely high baseline water stress(%)3019243336EM-EP-140a.1 EM-RM-140a.1RR-BI-140a.1ENV1:C4Fresh water consumed in regions with high or extremely high baseline water stress(%)3019253436EM-EP-140a.1 EM-RM-140a.1RR-BI-140a.1ENV1:C4wastewater31Average oil concentrati

104、on in discharges to surface water(parts per million)Upstream76989EM-EP-140a.2ENV2:C1Refining2612222ENV2:C2Total amount of oil discharged to surface water(thousand metric tons)Upstream0.50.40.30.30.3EM-EP-140a.2ENV2:C1Refining260.030.050.050.050.06ENV2:C2environmental performance table continues on p

105、age 1919Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportenvironmental performance,continued20202021202220232024SASBipiecaaccidental release prevention and response32ENV6Petroleum spills to lan

106、d and water(volume in thousand barrels)0.9412.271.951.890.84EM-EP-160a.2 EM-MD-160a.4ENV6:C2Total volume recovered0.600.831.430.480.27EM-EP-160a.2 EM-MD-160a.4ENV6:A1Petroleum spills to land and water(number of spills)4581738089EM-EP-160a.2 EM-MD-160a.4ENV6:C2waste33ENV7:C3Hazardous waste generated(

107、million metric tons)0.20.30.30.30.5EM-RM-150a.1Hazardous waste disposed of(million metric tons)0.10.20.20.20.4Hazardous waste recycled,reused or recovered(million metric tons)0.10.10.10.10.1EM-RM-150a.1fines and settlements34Number of environmental,health and safety fines paid and settlements entere

108、d into,equity basis4557583843Cost of environmental,health and safety fines paid and settlements entered into,equity basis(millions of dollars)$3.0$3.6$2.1$3.4$37.5 20Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance

109、data|about this report20202021202220232024SASBipiecaTotal employees42,62837,49838,25840,21239,742SOC5:C2Women10,85810,03410,37111,00010,907SOC5:C2Men31,61627,36327,79429,13828,762SOC5:C2Data not available154101937473SOC5:C2U.S.20,81419,62719,97521,63821,326SOC5:C2Women5,4135,0905,3435,7135,556SOC5:C

110、2Men15,37214,51214,60915,90515,751SOC5:C2Data not available2925232019SOC5:C2Other Americas3,4113,4463,5623,8743,874SOC5:C2Women8949251,0051,1221,175SOC5:C2Men2,4842,4842,5362,7402,689SOC5:C2Data not available3337211210SOC5:C2Africa4,2283,6063,8623,8233,816SOC5:C2Women715612613611623SOC5:C2Men3,5072,

111、9913,2463,2093,189SOC5:C2Data not available63334SOC5:C2Asia10,1287,1457,1277,1747,066SOC5:C2Women2,8462,4932,4202,5502,577SOC5:C2Men7,2024,6214,6754,6084,476SOC5:C2Data not available8031321613SOC5:C2Australia2,4112,1702,1892,1402,095SOC5:C2Women580533557562542SOC5:C2Men1,8251,6341,6291,5741,550SOC5:

112、C2Data not available63343SOC5:C2global employee demographics table continues on page 21global employee demographics 3521Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportglobal employee demograp

113、hics,35 continued20202021202220232024SASBipiecaEurope1,6361,5041,5431,5631,565SOC5:C2Women410381433442434SOC5:C2Men1,2261,1211,0991,1021,107SOC5:C2Data not available2111924SOC5:C2Service station employees5,1085,0975,5885,3885,556SOC5:C2Women2,5212,1702,1212,3922,545SOC5:C2Men2,1251,7321,6752,0112,37

114、2SOC5:C2Data not available4621,1951,792985639SOC5:C2Union-represented U.S.employees(%)1212121111SOC5:C2Total employees women(%)2527272727SOC5:C2Mid-level management women(%)2223242424SOC5:C3Senior leadership women(%)2021222323SOC5:C3Executive leadership women(%)1617172026SOC5:C322Chevron 2024 Corpor

115、ate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportsupply chain 36workforce health and safety 3720202021202220232024SASBipiecaTotal goods and services spending(billions of dollars)$20.9$18.1$22.0$26.4$29.2 Total go

116、ods and services spending with U.S.-based businesses(billions of dollars)$11.0$9.8$13.2$15.7$17.6 SOC14:A1Total goods and services spending with U.S.-based small businesses (billions of dollars)$1.3$1.1$1.5$2.0$2.1 SOC14:A120202021202220232024SASBipiecaTotal Recordable Incident Rate(incidents per 20

117、0,000 work-hours)EM-EP-320a.1 EM-RM-320a.1SHS3:C1Workforce0.130.200.210.220.24Employees0.110.170.180.140.17EM-EP-320a.1 EM-RM-320a.1Contractors0.140.200.220.240.27EM-EP-320a.1 EM-RM-320a.1Lost-Time Incident Frequency(Days Away From Work incidents and fatalities per million work-hours)SHS3:C1Workforc

118、e0.130.160.160.200.25Employees0.130.270.230.170.28Contractors0.130.120.130.210.24 Days Away From Work Rate(incidents per 200,000 work-hours)SHS3:C1Workforce0.0250.0310.0290.0390.049Employees0.0230.0550.0470.0330.057Contractors0.0260.0230.0230.0410.046workforce health and safety table continues on pa

119、ge 23 Indicates restatement of data.23Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportworkforce health and safety,37 continued20202021202220232024SASBipiecaNumber of serious injuries38SHS3:C1W

120、orkforce1321202012Employees33324Contractors101817188Number of work-related fatalitiesEM-EP-320a.1 EM-RM-320a.1SHS3:C1Workforce12521Employees10000EM-EP-320a.1 EM-RM-320a.1Contractors02521EM-EP-320a.1 EM-RM-320a.1Work-related fatal accident rate(work-related employee or contractor fatalities per 100 m

121、illion work-hours)EM-EP-320a.1 EM-RM-320a.1SHS3:C1Workforce0.290.591.490.610.31Employees1.040.000.000.000.00EM-EP-320a.1 EM-RM-320a.1Contractors0.000.781.980.830.43EM-EP-320a.1 EM-RM-320a.1Work-related fatal incident rate(work-related incidents with employee or contractor fatalities per 100 million

122、work-hours)0.290.591.200.610.31EM-EP-320a.1 EM-RM-320a.1SHS3:C1Motor Vehicle Crash Rate(workforce vehicle incidents per million miles driven)390.020.030.040.020.03SHS4:A1Number of Process Safety Tier 1 events(ANSI/API Recommended Practice 754 guidance)401534221726EM-EP-540a.1SHS6:C1Upstream719141316

123、Downstream&Chemicals710649Midstream15201 Indicates restatement of data.24Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportenvironmentchevron resourcesSASBipiecaGreenhouse gas emissionsDiscussio

124、n on GHG emissions approach,performance and capital allocation related to addressing GHG emissions,including methane and flaring.GHG emissions management lower carbon future methane management portfolio carbon intensity lifecycle carbon analysisEM-EP-110a.3EM-MD-110a.2EM-RM-110a.2CCE1:C1 CCE2:C2 CCE

125、2:C3 CCE5:C1CCE5:C2BiodiversityDescription of environmental management policies and practices for active sites.environment risk management biodiversityEM-EP-160a.1EM-MD-160a.1ENV3:C1ENV3:C2ENV3:C3WaterDescription of approach to water management practices and information on operations,including those

126、 located in water-stressed areas.stewarding water water mapRR-BI-140a.2ENV1:A7ENV1:A10WasteDescription of approach to waste management,including approach to reuse,recycling and recovery.waste management case studiesENV7:C1ENV7:C2AirDescription of local air monitoring and management,including any tec

127、hnologies.managing air emissionsENV5:C2DecommissioningDescription of approach to decommissioning,including management of recovered materials,financial provisions,and related research and technologies.decommissioning 2024 annual report on form 10-K case studiesENV8:C1ENV8:C2ENV8:A2ENV8:A4Emergency pr

128、eparednessDescription of approach to emergency preparedness for preventing accidental releases of hydrocarbons and other materials to the environment.emergency preparednessEM-EP-540a.2EM-MD-540a.4ENV6:C1ENV6:C4ESG qualitative metrics table continues on page 25ESG qualitative metrics25Chevron 2024 Co

129、rporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportsocialchevron resourcesSASBipiecaSafety and healthDescription of approach to health and safety for employees and contractors,including systems to incorporate a

130、 culture of safety,transport safety and product stewardship.workplace health and safety operational excellence management system contractor and supplier expectations product stewardship EM-EP-320a.2 EM-RM-320a.2SHS1:C2SHS1:C3SHS4:A1SHS5:C1SHS5:C2Human rightsDiscussion of human rights policy,engageme

131、nt processes,due diligence practices,remedy mechanisms,supplier communications,Indigenous rights and security.human rights policy stakeholder engagement grievance mechanism supply chain management indigenous peoples securityEM-EP-210a.3SOC1:C1SOC1:C2SOC2:C1SOC3:C1Human capital managementDescription

132、of approach to human capital management.human capital management employee development employee pay and benefitsSOC5:C1SOC5:C3SOC6:C1SOC7:A1Community relationsDescription of approach to community investment.stakeholder engagement social investment grievance mechanismEM-EP-210b.1SOC8:C1SOC12:C1SOC13:C

133、1Supply chainDescription of approach to supply chain management.supply chain managementSOC14:C1ESG qualitative metrics table continues on page 26ESG qualitative metrics,continued26Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereportin

134、g|performance data|about this reportgovernancechevron resourcesSASBipiecaGovernance approachDiscussion of the companys purpose,governance structure,the Board of Directors oversight of ESG issues,and how ESG risks and opportunities are identified and assessed.governance the chevron way proxy statemen

135、t GOV1:C1GOV1:C2GOV1:C3GOV1:C5Business conductDescription of code of conduct,anticorruption and bribery policies for the company and its suppliers,revenue transparency,and processes for reporting unethical or unlawful behavior.business conduct and ethics code antibribery and corruption contractor an

136、d supplier expectations tax whistleblower hotlineEM-EP-510a.2GOV3:C1GOV3:C3GOV4:C1Lobbying and political contributionsDescription of approach to advocacy and lobbying,political contributions reporting,and discussion of positions related to sustainability matters.climate policy lobbying political con

137、tributions trade associationsEM-EP-530a.1 EM-RM-530a.1GOV5:C1GOV5:C2TechnologyDescription of approach to managing cybersecurity,artificial intelligence(AI)and data privacy.cybersecurity artificial intelligence data privacy SHS7:C3ESG qualitative metrics,continued27Chevron 2024 Corporate Sustainabili

138、ty Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportnotes to pages 9 through 23 1 See equations methodology.2 Unless otherwise noted,Scope 1 and Scope 2 data collected as of February12,2025.Data include estimates.3 Scope1 includes

139、direct emissions excluding biogenic carbon dioxide(CO2)emissions.For reporting,Chevron may include indirect sources of GHG emissions within Scope1 that are outside of the traditional Scope 1 definition such as GHG emissions from processes like drilling and completions,and tolling agreements up to th

140、e point of third-party custody transfer of the oil or gas product.Direct GHG emissions related to production of energy in the form of electricity or steam exported or sold to a third party are included in the reported Scope1 emissions to align with Ipiecas Sustainability Reporting Guidance for the O

141、il&Gas Industry(2020).Chevrons Scope1 includes emissions of seven GHGs carbon dioxide(CO),methane(CH),nitrous oxide(NO),sulfur hexafluoride(SF6),perfluorocarbons(PFCs)hydrofluorocarbons(HFCs)and nitrogen trifluoride(NF3).4 Calculation methods for Scope 1 and Scope 2 GHG emissions are based on the Am

142、erican Petroleum Institutes Compendium of Greenhouse Gas Emissions Methodologies for the Oil and Natural Gas Industry(2021)or,where relevant,local regulatory reporting methodologies.5 When a nonoperated joint venture(NOJV)provides consolidated emissions data,Chevron seeks to allocate its equity shar

143、e of those emissions to the most representative scope and GHG based on best available knowledge of the NOJVs operations.6 Consistent with our financial accounting,Venezuela NOJV emissions have not been included for emissions reporting since 2021.7 We provide methane emissions data and intensity perf

144、ormance as a mass of methane as well as a mass of COe.To convert from methane to COe,we use the Intergovernmental Panel on Climate Change(IPCC)Fifth Assessment Report(AR5)100-year global warming potential(GWP),except in a limited number of cases where(1)GWP values from IPCCs Sixth Assessment Report(

145、AR6)are required to be used for regulatory reporting or(2)an NOJV has chosen to use the AR6 GWP values.In cases where NOJVs provide their data only on a COe basis,we use the AR5 GWP value.8 For years 2020 to 2022,where flaring emissions were calculated based on mass or reported in aggregate,not all

146、volumes were included.Starting 2023,all volumes are included.9 Downstream includes emissions from refineries,terminals,marketing and distribution,including renewable fuels.Chemical and base oil facilities located within refineries are included in refinery emissions.10 2024 is the first year reportin

147、g liquefied natural gas(LNG)flare volumes.11 Chemicals includes emissions from stand-alone chemical,additive and lubricant facilities.12 Chevron Phillips Chemical Company,LLC data received April 2,2025.13 Other includes,but is not limited to,GHG emissions from energy management,corporate aviation an

148、d real estate services.14 Exported emissions are direct GHG emissions related to production of energy in the form of electricity or steam that are exported or sold to a third party.Direct GHG emissions related to production of energy in the form of electricity or steam exported or sold to a third pa

149、rty are included in the reported Scope 1 emissions for each segment.15 Biogenic CO2 emissions from the combustion or bio-degradation of biomass are not included in scopes but reported separately,as recommended by the World Business Council for Sustainable Developments(WBCSD)/World Resources Institut

150、es(WRI)The Greenhouse Gas Protocol,A corporate accounting and reporting standard Revised edition(2004)and Corporate Value Chain(Scope3)Accounting and Reporting Standard(2011).16 Scope2 includes indirect emissions from imported electricity and steam.CO2,CH4 and N2O are accounted for in Chevrons Scope

151、2 emissions.Scope2 emissions are accounted for using the market-based approach as described in the World Resources Institutes(WRI)GHG Protocol Scope2 Guidance(2015),including calculating Scope2 emissions net of contractual instruments such as renewable energy credits(RECs).Reporting of Scope2 locati

152、on-based emissions started in 2023.17 Chevron calculates emissions from third-party use of sold products in alignment with methods in Category 11 of Ipiecas Estimating Petroleum Industry Value Chain(Scope3)Greenhouse Gas Emissions(2016).Emissions are based on aggregate production,throughput and sale

153、s numbers that include renewable fuels.18 For assurance statements,visit GHG emissions management.Figures in assurance statements may vary from figures reported in each subsequent Corporate Sustainability Report due to restatements and assurance scope.2024 assurance excludes Chevron Phillips Chemica

154、l Company,LLC data.19 Carbon capture,utilization and storage includes both CO2 sold to third parties and CO2(and other gas)injected for carbon storage.20 RECs are credits generated from renewable electricity generation within the United States that are retired by Chevron.Reported Scope2 emissions ar

155、e net of contractual instruments such as RECs.21 Offsets are credits generated from the avoidance or reduction of GHG emissions or the removal of GHGs from the atmosphere that are retired by Chevron,excluding RECs.Includes offsets retired in compliance programs.For programs with multiyear compliance

156、 periods,offsets are reported in the calendar year they are retired.22 Total energy consumption includes energy generated from Chevrons operations and imported energy.Exported energy is not subtracted from the total.23 Manufacturing Energy Index(MEI)(Refining)is an analysis of Chevrons refining ener

157、gy performance based on the Solomon Energy Intensity Index methodology.Chevrons MEI includes the refining assets at Chevrons operated and nonoperated joint venture refineries.24 For compiling and reporting air emissions data,Chevron follows regulatory definitions of VOC.SOx emissions include SO and

158、SO3,reported as SO-equivalent.NOx emissions include NO and NO(reported as NO-equivalent)and exclude NO.25 Fresh water withdrawn from the environment is defined per local legal definitions.If no local definition exists,fresh water is defined as water extracted,directly or indirectly,from surface wate

159、r,groundwater or rainwater that has a total dissolved solids concentration of less than or equal to 2,000 mg/L.Fresh water withdrawn does not include effluent or recycled/reclaimed water from municipal or other industrial wastewater treatment systems,as this water is reported under nonfresh water wi

160、thdrawn.Nonfresh water withdrawn could include:seawater;brackish groundwater or surface water;reclaimed wastewater from another municipal or industrial facility;desalinated water;or remediated groundwater used for industrial purposes.Produced water is excluded from fresh water withdrawn,fresh water

161、consumed and nonfresh water withdrawn.Water quantities may be determined using direct measurement techniques or engineering estimation methods.26 Refining includes data from refineries,including chemical and base oil facilities located within refineries.27 Other includes,but is not limited to,chemic

162、al and lubricant facilities,as well as real estate services.28Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this report 28 Chevron calculates fresh water withdrawn intensity for upstream using gross op

163、erated production.29 Chevron calculates fresh water withdrawn intensity for refining using total refinery inputs,which comprise all feeds into the refinery.This includes purchased crudes for crude units and third-party feeds for other processing units.30 Chevron reports fresh water withdrawn and con

164、sumed in water-stressed regions according to the World Resources Institutes(WRI)definition and categorization of“baseline water stress”in high or extremely high water-stressed areas.WRI Aqueduct map version 4.0 was used to identify operations that are in water-stressed areas.Baseline water stress me

165、asures the ratio of total water demand to available renewable surface and groundwater supplies.Water demand includes domestic,industrial,irrigation and livestock uses.Available renewable water supplies include the impact of upstream consumptive water users and large dams on downstream water availabi

166、lity.Higher values indicate more competition among users.From 2020 to 2022,Chevrons fresh water withdrawn and consumed in water-stressed areas excluded Chevrons Fuels and Lubricants businesses and real estate services,although freshwater withdrawals for these activities were minimal(1%of the total)c

167、ompared with the overall use in the corporation.31 Oil concentration is determined by the sampling of effluent streams,using methods required or recommended by regulatory agencies or authorities,where applicable.Chevron reports the total cumulative amount of oil discharged to surface water excluding

168、 spills,which are reported separately.32 Chevron reports petroleum spills to land and water to align with the 2020 Ipieca Reporting Guidance.Spills to land and water that are greater than or equal to one barrel are included.Spills to secondary containment,chemical spills and spills due to sabotage a

169、re excluded.33 To align with Ipiecas Sustainability Reporting Guidance for the Oil and Gas Industry(2020),and where appropriate information and data exist,our hazardous waste numbers starting in 2024 include waste generated;disposed of;and recycled,reused or recovered from previously excluded source

170、s such as remediation,facility or plant demolition,construction of new facilities,and drilling muds and cuttings.Hazardous waste amounts are quantified using methods required or recommended by regulatory agencies or authorities,where applicable.In other instances,similar methods are used,including d

171、irect measurement onsite or at the point of shipping,engineering estimates,and process knowledge.Chevron follows the regulatory definitions of hazardous waste applicable to the jurisdictions in which we operate,including de minimis specifications.34 The 2024 data are based on information received fr

172、om government entities and recorded internally as of February 13,2025.35 Data collected annually in December.These data may not include a small number of employees from recent acquisitions.“Data not available”includes employees where data were not collected or employee chose not to disclose.36 Data

173、collected for year 2024 on February 19,2025.Data collected for year 2023 on March 19,2024.For year 2022,data collected on February7,2023.For year 2021,data collected as of February7,2022.For year 2020,data collected as of February24,2021.37 This section reflects Chevron data collected as of February

174、11,2025.Health and safety performance rates include both injury-and illness-related incidents.38 Serious injuries are injuries that result in significant disfigurement or typically result in permanent or long-term impairment of an internal organ,body function or body part.39 Data include catastrophi

175、c and major incidents only,as defined in the International Association of Oil and Gas Producers(IOGP)Land Transportation Safety Report 365.40 Process Safety Tier 1 loss-of-primary-containment events are unplanned or uncontrolled releases resulting in consequences equivalent to those specified by the

176、 American National Standards Institute/American Petroleum Institute(ANSI/API)Recommended Practice(RP)754 and IOGP Report 456:Process Safety Recommended Practice on Key Performance Indicators.29Chevron 2024 Corporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperfor

177、mancereporting|performance data|about this reportabout this reportThis report and the linked additional resources(together hereinafter“report”)reflect a limited selection of case studies and data points regarding select activities of Chevron in 2024.Due to the complexity of our operations,this repor

178、t is not intended to be a comprehensive overview of these select activities nor Chevrons global operations.This report covers our owned and operated businesses and does not address the performance or operations of our suppliers,contractors and partners unless otherwise noted.In the case of certain j

179、oint ventures for which Chevron is the operator,we exercise influence but not control.Thus,the governance,processes,management and strategy for those joint ventures are known to differ from those detailed in this report.All financial information is presented in U.S.dollars unless otherwise noted.Thi

180、s report contains forward-looking statements relating to the manner in which Chevron intends to conduct certain of its activities,based on managements current expectations,estimates and projections.These statements are not guarantees of future conduct,performance or policy and are subject to numerou

181、s risks,uncertainties and other factors,many of which are beyond our control and are difficult to predict,including government regulation and oil and gas prices.See Forward-Looking Statements Warning and Other Disclaimers.The actual conduct of our activities,including the development,implementation

182、or continuation of any program,policy or initia tive discussed or forecasted in this report,may differ materially in the future.As with any projections,estimates or plans,actual outcomes,results or numbers may vary or differ materially from Chevrons projections,estimates,or plans.The regulations,met

183、hodologies and standards(“methodologies”)for tracking,reporting,disclosing,marketing and advertising related to environmental,social and governance(ESG)matters,including emissions,emissions reductions,offsets and related issues,are relatively new,have not been harmonized and continue to evolve.Our s

184、election of disclosure frameworks that seek to align with various voluntary reporting standards may change from time to time and may result in a lack of comparative data for different periods.Our existing processes and controls may not align with evolving voluntary standards for identifying,measurin

185、g and reporting metrics.Our interpretation of reporting standards may differ from those of others,and such standards may change over time,including through nonpublic processes,any of which could result in significant revisions to our goals,targets,aspira tions and other ambitions or reported progres

186、s in achieving them.The statements of intention in this report speak only as of the date of this report.Chevron undertakes no obligation to publicly update any statements.This report contains information from third parties.Chevron makes no representation or warranty as to the third-party information

187、.Where necessary,Chevron received permission to cite third-party sources,but the information and data remain under the control and direction of the third parties.Except as specifically referenced,Chevrons use of third-party information and the inclusion of links to third-party content in this report

188、 is not an endorsement or adoption of such information,nor does it incorporate such information into this report.In addition,this report contains terms used by various standards and disclosure frameworks.Chevron does not intend to endorse or adopt such terms.In using such terms,Chevron is not obliga

189、ting itself to use the terms in the way defined by the standards and disclosure frameworks,nor is it obligating itself to provide any specific disclosure.Chevron makes no representation or warranty as to the various standards and disclosure frameworks use or defini-tion of specific terms or recommen

190、dations.For example,with respect to the use of the term“material,”individual companies are best suited to determine what information is material,under the long-standing U.S.Supreme Court definition of that term,and whether to disclose this information in U.S.Securities and Exchange Commission(SEC)fi

191、lings.Inclusion of any topic,information or data in this report does not correspond to the concept of materiality used in the securities laws and disclosures required by the SEC.Chevron participates,along with other companies,institutes,universities,trades and other organizations,in various initiati

192、ves and other projects that express various ambitions,aspirations and goals related to sustainability matters,including climate change,emissions and energy transition.Chevrons individual ambitions,future performance or policies may differ from the ambitions of such organizations or the individual am

193、bitions of other participants in these various initiatives and other projects.Chevron may unilaterally change or eliminate its individual ambitions.Chevron regularly evaluates its ambitions and expects to change or eliminate some of these aspirations,targets,and other ambi tions for various reasons,

194、including market conditions;its strategy or portfolio;and financial,operational,policy,reputational,legal and other factors.Chevrons aspirations,targets or other ambitions have been stated in its own corporate reports,including this report,Chevrons 2023 Climate Change Resilience Report,and Chevrons

195、2022 Methane Report.These reports contain necessary context and disclaimers regarding Chevrons aspirations,targets or other ambitions and how Chevron measures its progress toward reaching them.As used in this report,the term“Chevron”and such terms as “the company,”“the corporation,”“our,”“its,”“we”a

196、nd“us”may refer to one or more of Chevrons consolidated subsidiaries or affiliates or to all of them taken as a whole.All of these terms are used for convenience only and are not intended as a precise description of any of the separate entities,each of which manages its own affairs.30Chevron 2024 Co

197、rporate Sustainability Highlights(May 2025)overviewlower carbonenvironmentsafetysocialperformancereporting|performance data|about this reportforward-looking statements warning and other disclaimersCAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF“SAFE HARBOR”PROVISIONS

198、 OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERSThis report contains forward-looking images and statements relating to Chevrons operations,assets,and strategy that are based on managements current expectations,estimates,and projections about the petroleu

199、m,chemicals,and other energy-related industries.Words or phrases such as“anticipates,”“expects,”“intends,”“plans,”“targets,”“advances,”“commits,”“drives,”“aims,”“forecasts,”“projects,”“believes,”“approaches,”“seeks,”“schedules,”“estimates,”“positions,”“pursues,”“progress,”“design,”“enable,”“may,”“ca

200、n,”“could,”“should,”“will,”“budgets,”“outlook,”“trends,”“guidance,”“focus,”“on track,”“trajectory,”“goals,”“objectives,”“strategies,”“opportunities,”“poised,”“potential,”“ambitions,”“future,”“aspires”and similar expressions,and variations or negatives of these words,are intended to identify such for

201、ward-looking statements,but not all forward-looking statements include such words.These statements are not guarantees of future performance and are subject to numerous risks,uncertainties and other factors,many of which are beyond the companys control and are difficult to predict.Therefore,actual ou

202、tcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.Our ability to achieve any aspiration,target or goal outlined in this report is subject to numerous risks and contingencies,many of which are outside of Chevrons control.Examples of such

203、risks include:(1)sufficient and substantial advances in technology,including the continuing progress of commercially viable technologies and low-or non-carbon-based energy sources;(2)laws,governmental regulation,policies,and other enabling actions,including those regarding subsidies,tax and other in

204、centives as well as the granting of necessary permits by governing authorities;(3)the availability and acceptability of cost-effective,verifiable carbon credits;(4)the availability of suppliers that can meet our sustainability-related standards;(5)evolving regulatory requirements,including changes t

205、o IPCCs Global Warming Potentials and the U.S.EPA Greenhouse Gas Reporting Program,affecting ESG standards or disclosures;(6)evolving standards for tracking and reporting on emissions and emission reductions and removals;(7)customers and consumers preferences and use of the companys products or subs

206、titute products;(8)actions taken by the companys competitors in response to legislation and regulations;and(9)successful negotiations for carbon capture and storage and nature-based solutions with customers,suppliers,partners,and governments.Further,standards of measurement and performance set forth

207、 in this report made in reference to our environmental,social,governance,and other sustainability-related plans,goals and other ambitions may be based on protocols,processes and assumptions that continue to evolve and are subject to change in the future,including due to the impact of future regulati

208、on.The reader should not place undue reliance on these forward-looking statements,which speak only as of the date of this report.Unless legally required,Chevron undertakes no obligation to update publicly any forward-looking statements,whether as a result of new information,future events or otherwis

209、e.Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are:changing crude oil and natural gas prices and demand for the companys products,and production curtailments due to market conditions;crude oil production quotas or other

210、 actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries;technological advancements;changes to government policies in the countries in which the company operates;public health crises,such as pandemics and epidemics,and any related government p

211、olicies and actions;disruptions in the companys global supply chain,including supply chain constraints and escalation of the cost of goods and services;changing economic,regulatory and political environments in the various countries in which the company operates;general domestic and international ec

212、onomic,market and political conditions,including the military conflict between Russia and Ukraine,the conflict in the Middle East and the global response to these hostilities;changing refining,marketing and chemicals margins;the companys ability to realize anticipated cost savings and efficiencies a

213、ssociated with enterprise structural cost reduction initiatives;actions of competitors or regulators;timing of exploration expenses;changes in projected future cash flows;timing of crude oil liftings;uncertainties about the estimated quantities of crude oil,natural gas liquids and natural gas reserv

214、es;the competitiveness of alternate-energy sources or product substitutes;pace and scale of the development of large carbon capture and offset markets;the results of operations and financial condition of the companys suppliers,vendors,partners and equity affiliates;the inability or failure of the co

215、mpanys joint venture partners to fund their share of operations and development activities;the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects;potential delays in the development,construction or startup of planned projects;

216、the potential disruption or interruption of the companys operations due to war,accidents,political events,civil unrest,severe weather,cyber threats,terrorist acts,or other natural or human causes beyond the companys control;the potential liability for remedial actions or assessments under existing o

217、r future environmental regulations and litigation;significant operational,investment,or product changes undertaken or required by existing or future environmental statutes and regulations,including international agreements and national or regional legislation and regulatory measures related to green

218、house gas emissions and climate change;the potential liability resulting from pending or future litigation;the risk that regulatory approvals and clearances related to the Hess Corporation(“Hess”)transaction are not obtained or are not obtained in a timely manner or are obtained subject to condition

219、s that are not anticipated by the company and Hess;potential delays in consummating the Hess transaction,including as a result of the ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement;risks that such ongoing arbitration is not satisfactorily

220、resolved and the potential transaction fails to be consummated;uncertainties as to whether the potential transaction,if consummated,will achieve its anticipated economic benefits,including as a result of risks associated with third-party contracts containing material consent,anti-assignment,transfer

221、 or other provisions that may be related to the potential transaction that are not waived or otherwise satisfactorily resolved;the companys ability to integrate Hesss operations in a successful manner and in the expected time period;the possibility that any of the anticipated benefits and projected

222、synergies of the potential transaction will not be realized or will not be realized within the expected time period;the companys future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions;the potential for gains

223、and losses from asset dispositions or impairments;government mandated sales,divestitures,recapitalizations,taxes and tax audits,tariffs,sanctions,changes in fiscal terms,or restrictions on scope of company operations;foreign currency movements compared with the U.S.dollar;higher inflation and relate

224、d impacts;material reductions in corporate liquidity and access to debt markets;changes to the companys capital allocation strategies;the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies;the companys ability to identify and mitigat

225、e the risks and hazards inherent in operating in the global energy industry;and the factors set forth under the heading“Risk Factors”on pages 20 through 27 of the companys 2024 Annual Report on Form 10-K and in subsequent filings with the U.S.Securities and Exchange Commission.Other unpredictable or

226、 unknown factors not discussed in this report could also have material adverse effects on forward-looking statements.If you have questions about this report,contact:Strategy&SustainabilityChevron Corporation1400 Smith StreetHouston,TX 77002 USAProduced by Corporate Strategy and Sustainability,Chevro

227、n Corporation Design Sequel Studio,New York, Photo credits Cover:Bryan Clevenger;1:Joo Filipe;7:Sean Lee;back cover:Roger KisbyChevron Corporation1400 Smith StreetHouston,TX 77002- 2025 Chevron Corporation.All Rights Reserved.We believe in the power of human ingenuity to produce and deliver energy more efficiently,and to help build a resilient,lower carbon energy system that can continue to meet growing energy demand and advance human progress.learn more