Energy Efficiency, GHG Emissions, Industrial - August 4, 2023
Murphy Oil Lowers Emissions by 25%, Methane Intensity by 34%
Murphy Oil Corporation announced that it lowered GHG emissions intensity by 25%, reduced methane intensity by 34% and reduced flaring intensity by 60% from 2019 to 2022.
The oil company also received third-party assurance of GHG Scope 1 and 2 absolute data for a third consecutive year and also enhanced accountability by increasing ESG metrics weighting in its annual incentive plan in 2022.
Murphy released details in its 2023 Sustainability Report, which covers the company’s environmental, social and governance (ESG) performance and progress on established targets.
"I am pleased at the work our company has done to enhance our sustainability efforts this past year," said Roger W. Jenkins, President and CEO of Murphy Oil Corporation, in a statement. "Our 2023 Sustainability Report highlights our advances in technology and data, which have driven efficiencies and helped reduce our impact on the environment. This furthers our goal of operating sustainably for the long term. Our team continues to support our communities, as well, and we appreciate the recognitions we have received because of this."
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