Global demand for energy is growing, and we are committed to ensuring a sustainable energy future. We believe carbon capture and storage is a central part of efforts to achieve net zero emissions, while ensuring the world can continue to thrive. How does carbon capture work? Carbon Capture, Utilization and Storage (CCUS) is a set of technologies that capture carbon dioxide (CO2) emissions at source, preventing them from entering the atmosphere, or else directly from the air. The CO2 emissions are then transported away and either stored deep underground or turned into useful products. Capturing carbon has been used for decades as a way to help improve the quality of natural gas, but by pioneering new technologies we can now remove and sequester CO2 indefinitely. Moreover, we can now add value to what has always been considered a waste product, by turning CO2 into marketable industrial and commercial products. What carbon capture technologies are available? Capture is the process of capturing CO2 from exhaust or reformed gases or stationary sources, using technologies categorized under pre-combustion, post-combustion or oxy-combustion. Sequestration is the process of depositing the captured CO2 in geological formations. Utilization is the direct use of captured CO2 (for example in cement) or the conversion of captured CO2 and other gases into useful industrial products, such as chemicals or fuels Mobile Carbon Capture technology can capture CO2 from mobile sources and store it on board, ready to be taken away for sequestration or utilization Direct Air Capture is the process of capturing CO2 directly from the atmosphere (rather than at source) and remove CO2 to be sequestered or utilized Oxy-combustion is a technology that uses pure oxygen to combust fuels, increasing combustion efficiency and increasing the concentration of CO2 in flue gases, enabling easier CO2 capture Bio Energy Carbon Capture and Storage (BECCS) uses CCS technology to extract and store CO2 from biomass, itself a renewable energy source. Nature can act as a natural carbon sink, such as mangrove trees which sequester carbon far more effectively (up to 100 times faster) and more permanently than terrestrial forests What are we doing? We believe, we are uniquely qualified to drive the technology and collaboration needed to address the global emissions challenge. Our innovative low-carbon practices and technologies already position us as one of the lowest carbon emitters in our industry, and we have the brightest minds continuing their pioneering work in carbon capture and sequestration. Capturing carbon We focus on using carbon capture technology to capture 40 million standard cubic feet of CO2 every day. The design of this CO2 EOR project uses ‘Fourth Industrial Revolution (IR4) technology to enable reservoir stimulation studies, an Intelligent field and comprehensive monitoring, allowing us to remove CO2, increase our oil production sustainably, and reduce operational costs. The future of carbon capture The transition to a low carbon future will be a complex process. Alternatives will take significant time, and renewables – although part of the solution – cannot do it alone. collaboration between all stakeholders will be vital. We have also joined forces with public and private institutions around the world to pioneer new ways to recover and use oil and gas, so that we can continue to empower people and economies while emitting significantly less emissions. The circular carbon economy We focus on enabling the circular carbon economy, a framework in which emissions of carbon and other GHG are addressed through the 4 Rs: Reduce; Reuse; Recycle; Remove. This circular cycle is what the earth has been doing for billions of years, and by emulating this approach we may help restore the balance of carbon and achieve the greatest impact in reducing global emissions. Reduce We practice energy efficiency measures to help us reduce emissions and energy intensity Reuse We don’t think of carbon dioxide as a waste product – we believe it should be actively reused, turning a million tons of carbon dioxide annually into products Recycle We are in the process of developing technologies that can capture carbon dioxide from vehicles and recycle it into other forms of energy Remove We use Carbon Capture, Utilization and Storage (CCUS) to remove carbon from the atmosphere and store it deep underground