Exxon, Chevron, Occidental To Join Industry Climate Initiative

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of major international oil and gas companies in an initiative aimed at curbing carbon emissions in the sector, the companies said in a statement Sept. 20.

The move marks a U-turn for Exxon Mobil and Chevron. The top two U.S. oil and gas producers had resisted joining the Oil and Gas Climate Initiative (OGCI) after its launch in 2014.

Together with its three newest members, the group will account for about 30% of global oil and gas production and 20% of primary energy consumption, Total CEO Patrick Pouyanne said in a tweet.