HighlightsEnvironmentGHG Emissions• Exceeded 2025 short-term GHG emissions target.• Remained on track to achieve 2035 medium-term GHG emissions target.• Disclosed 2038 company-wide GHG emissions update.• Disclosed 2050 long-term ambition.• Received independent third-party limited assurance on/of:o Company-wide 2023 Scopes 1 and 2 GHG emissions, including re昀椀ning, renewable diesel andethanol.o Company-wide 2023 life cycle GHG emissions displacements from our renewable diesel andethanol production, as well as the blending of and credits from low-carbon fuels.o Company-wide 2023 GHG emissions from the use of our products on an intensity basis (Use ofProduct GHG Emissions Intensity).o The validation of our 2035 GHG emissions reduction/displacement target.Low-Carbon Investments• Invested $5.4 billion as of December 31, 2023, in low-carbon fuels businesses.• Low-carbon projects held to the same after-tax internal rate of return (IRR) hurdle, just like otherre昀椀nery growth projects.• Largest low-carbon liquid fuels producer with existing production capacity of renewable diesel,renewable arctic diesel, renewable naphtha, renewable propane, ethanol and cellulosic ethanol.• Expected to be completed in the fourth quarter of 2024, our SAF project at our Texas renewable fuelplant to provide optionality to upgrade approximately 50% of the plant's current 470 million-gallonrenewable diesel annual production capacity to neat SAF.• Exporting lower carbon transportation fuels produced with low-carbon hydrogen.• Supporting the development of a prototype to reduce CO2 from internal combustion engines with anonboard tailpipe carbon capture system.Safety and Environmental Performance• Achieved our best-ever re昀椀nery environment performance in 2023 as measured by environmentalscorecard metrics.• Accomplished our best-ever re昀椀ning segment mechanical availability of 97.4% in 2023, whichminimizes environmental impacts and avoids unplanned downtime.6
It seems that your browser's pop-up blocker has prevented us from opening a new window/tab. Please click the button below to open the link manually.
