---
title: "Exxon Mobil Planning to Massively Increase Its Annual Emissions"
description: "According to internal documents obtained by Bloomberg, America's largest oil and gas corporation Exxon Mobil has been planning to increase annual emissions."
date: "2020-10-05"
modified: "2020-10-05"
authors:
  - name: "Victor Tangermann"
    job_title: "Senior Editor"
    link: "https://futurism.com/authors/victor"
url: "https://futurism.com/the-byte/exxon-mobil-increase-annual-emissions"
categories:
  - "Climate Change"
  - "Environment"
  - "Science & Energy"
tags:
  - "big oil"
  - "carbon emissions"
  - "climate change"
  - "exxon mobil"
  - "oil and gas"
  - "the digest"
---

# Exxon Mobil Planning to Massively Increase Its Annual Emissions

![According to internal documents obtained by Bloomberg, America's largest oil and gas corporation Exxon Mobil has been planning to increase annual emissions.](<https://futurism.com/wp-content/uploads/2020/10/exxon-mobil-increase-annual-emissions.jpg>)
*\<em\>Image: Richard Hurd\</em\>*

## Betting on Oil

According to [internal documents obtained by *Bloomberg*](<https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output?sref=YfHlo0rL>), America's largest oil and gas corporation Exxon Mobil has been planning to increase annual carbon-dioxide emissions by 17 percent by 2025 — equivalent to about the output of the country of Greece.

And that's not even the whole picture, as it only reflects Exxon's own operations as an oil company — not the emissions hit from millions of customers burning fuel.

The real climate change impact would be about five times the company's estimate, as *Bloomberg* reports, amounting to about 100 million tons of additional carbon dioxide.

## Going Net Zero

Unlike many of its rivals, Exxon Mobil has never made any promises about cutting emissions or plans of ever becoming carbon neutral. For instance, BP set an extremely ambitious goal of [becoming net zero by 2050](<https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bernard-looney-announces-new-ambition-for-bp.html>) earlier this year. Shell announces [similar plans](<https://www.shell.com/energy-and-innovation/the-energy-future/shells-ambition-to-be-a-net-zero-emissions-energy-business.html#iframe=L3dlYmFwcHMvY2xpbWF0ZV9hbWJpdGlvbi8>) as well.

The pandemic has wreaked havoc on the oil industry this year with oil prices [hitting negative numbers](<https://futurism.com/the-byte/first-time-ever-price-oil-negative>) for the first time ever.

"As demand returns and capital investments resume," Exxon wrote in a statement to *Bloomberg* that "our growth plans will continue to include meaningful emission mitigation efforts." For instance, it published plans to offset methane emissions and reducing ["carbon intensity"](<https://www.ft.com/content/6b785d00-5f23-11ea-b0ab-339c2307bcd4>) during oil production.

**READ MORE:** [Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents](<https://www.bloomberg.com/news/articles/2020-10-05/exxon-carbon-emissions-and-climate-leaked-plans-reveal-rising-co2-output?sref=YfHlo0rL>) \[*Bloomberg*\]

**More on Exxon:** *[Tesla Is Now Worth More Than ExxonMobil](<https://futurism.com/tesla-worth-more-exxonmobil>)*

## Author
I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida.

### Author social links  
[Bluesky](<https://bsky.app/profile/vtanger.bsky.social>)