Supporting the energy transition
Climate change remains the biggest single challenge of this century.
We believe oil and gas, supported by technological innovations, will prove to be essential in achieving an orderly global energy transition.
As one of the world’s largest integrated energy and chemicals companies, we have an important role to play in helping to reduce greenhouse gas emissions. Our ambition is to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across our wholly owned and operated assets by 2050.
Transitioning to a sustainable energy future
Given that oil and gas will be required as sources of energy for many decades to come, all roads to net zero run through our industry. We support the aims of the Paris Agreement.
Aramco also recognizes that it delivers energy and materials needed to support economic growth and societal well-being in a world that will have 9.8 billion inhabitants by 2050, according to the United Nations.
Everyone has a part to play on the journey to a sustainable energy future. Collective action is needed from all industries, governments and consumers to limit the global average temperature increase to well below 2°C above pre-industrial levels.
Our transition actions
We find innovative and cost-effective solutions for carbon management, focusing on COcapture and sequestration, CO emissions reduction, and driving efficiency and value across the hydrocarbon chain.
As a founding member of the Oil and Gas Climate Initiative (OGCI), and member of the International Petroleum Industry Environmental Conservation Association (IPIECA), and the Petroleum Environmental Research Forum, we foster collaboration across our industry.
We are committed to leveraging our unique scale, capabilities and opportunities to help build a lower carbon economy.
Mobile Carbon Capture
We’re aiming to reduce the environmental impact of the internal combustion engine.
We are working to create breakthrough transportation technologies that have the potential to reduce emissions.
We are developing technology solutions to address some of the world’s most pressing energy and materials challenges.
Aramco completes $2.65bn acquisition of Valvoline Inc’s global products business (‘Valvoline Global Operations’)
Aramco and Shandong Energy collaborate on downstream projects in China
Aramco agrees to acquire Valvoline’s Global Products Business
Aramco acquires 17% of South Korean Hyundai Oilbank