3
Liquids
Satisfying Global Demand and Decarbonizing Petroleum Products
Getting to a net zero society will require deep changes in the global energy mix. While oil consumption will stabilize and then decline, the world will still need hydrocarbons in the coming decades to meet rising energy demand. That’s why we are continuing to develop new oil projects that are balanced in terms of cost and carbon intensity. At the same time, we are further reducing emissions related to the production and use of oil by avoiding the release of greenhouse gases into the atmosphere, making our facilities more energy efficient and developing renewable fuels such as renewable diesel and sustainable aviation fuel.