Energy Efficiency, GHG Emissions, Industrial - August 9, 2024
Murphy Oil Lowers Emissions by 37%
Murphy Oil Corporation announced it lowered GHG emissions intensity by 37%, reduced methane intensity by 51% and reduced flaring intensity by 66% from 2019 to 2023.
The company recorded the lowest intensities for all three emissions metrics since becoming an independent exploration and production company in 2013 and remains on-track to achieve 2030 goals of zero routine flaring and a 15% to 20% reduction in GHG intensity compared to 2019.
Murphy Oil also earned third-party assurance of GHG Scope 1 and 2 absolute data for the fourth consecutive year.
As announced in its 2024 Sustainability Report, the company focuses its efforts on reducing emissions generated from combustion sources and processes that emit predominantly methane. Murphy Oil made investments to reduce GHG and other emissions, spending approximately $129 million from 2015 to 2023.
"Our team continues its legacy of operational excellence by making great strides in operating more sustainably for the long term, and I am pleased at what we achieved this past year. Murphy’s sixth sustainability report highlights the dedication and collective efforts of our incredible team in carrying out our goal of providing society with responsibly produced energy,” said CEO Roger W. Jenkins in a statement.
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