Oil major Exxon Mobil Corp. said on Dec. 6 it aims to achieve net-zero greenhouse-gas (GHG) emissions from operated assets in the U.S. Permian Basin by 2030, expanding its emission-reduction plans for unconventional operations in New Mexico and Texas.

The target is part of the company-wide effort to reduce the intensity of upstream GHG emissions by 40% to 50% by 2030, compared with 2016 levels.

Exxon Mobil also said it plans to eliminate routine flaring in Permian Basin operations by the end of 2022.

By year-end 2021, Exxon Mobil expects reduced flaring volumes across its Permian operations by more than 75% compared to 2019.

Exxon Mobil Permian Basin Methane Monitoring
Exxon Mobil currently operates ground-based monitors around the Permian Basin and plans to increase deployment to enhance methane monitoring as part of the company's plans to achieve net zero greenhouse gas emissions. Ground-based systems provide continuous and real-time monitoring at production sites. (Photo: Business Wire)