Our 2025 Sustainability Report | Our Operations — Transcript

Full transcript

1. 0:04Innovation shapes our efforts to build a more sustainable and resilient future,
2. 0:09one where we work toward greater efficiency across our operations
3. 0:13while continuing to reliably meet the world’s energy demands.
4. 0:18In 2025, our sustainability initiatives progressed to new heights,
5. 0:25centered around supporting the energy transition,
6. 0:28advancing the safety of our operations, growing our community
7. 0:32and our people’s potential, and reducing environmental impact.
8. 0:37During the past year, we continued to maintain one of the lowest
9. 0:41upstream carbon intensities among major oil and gas producers,
10. 0:44supported by our effective reservoir and water management practices
11. 0:48and our investments in infrastructure and technology.
12. 0:52Within transition minerals, we announced our proposed joint venture with Ma'aden
13. 0:54Within transition minerals, we announced our proposed joint venture with Ma'aden
14. 0:57to explore and produce lithium,
15. 1:00keeping commercial production on track for 2027.
16. 1:04With the aim of increasing production capacity
17. 1:07by up to 4 million barrels per day,
18. 1:09we are strategically investing in the growth
19. 1:11of our liquids-to-chemicals business.
20. 1:13We completed transactions on major solar
21. 1:16and wind projects totaling 16.4 gigawatts gross capacity.
22. 1:21Through iktva, we met our target of achieving 70% local content
23. 1:26and set a new target of 75% by 2030,
24. 1:30strengthening supply chain resilience and supporting industrial growth.
25. 1:35Through our biodiversity preservation efforts,
26. 1:38we planted approximately 6 million mangrove trees in the Kingdom,
27. 1:42bringing our total to more than 49 million planted trees.
28. 1:47As we look ahead, we continue to innovate
29. 1:50with the aim of reducing our greenhouse gas emissions,
30. 1:53supporting a more stable and resilient future.