Exxon Mobil, Shell, BP, and Equinor are all making efforts to reduce their greenhouse gas emissions. Exxon Mobil has pledged to reduce its Scope 1 and Scope 2 emissions through the electrification of operations with renewable power. On the other hand, Shell, BP, and Equinor have plans to reduce Scope 3 emissions. They are investing in carbon capture, reforestation, and the sale of hydrocarbon businesses to invest more in renewable sources. Exxon Mobil is currently under pressure from activist investors to accelerate its divestment efforts.
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