Emissions Monitor: February 2026 Update

Energy Intelligence’s latest update to the Emissions Monitor reflects a full performance benchmarking for FY2024, with data from a total of 43 oil and gas companies. As part of our proprietary analysis, we find that methane performance continues to improve markedly year-on-year across all peer groups, while operated emissions performance (Scope 1 and 2) is mixed. Upstream emissions intensity, however, continues to decline, suggesting that companies are learning to produce more hydrocarbons with a lower per-unit carbon footprint. Energy Intelligence has also added six independent E&Ps and three state firms to coverage in the Emissions Monitor: Antero Resources, Devon Energy, Coterra Energy (to be acquired by Devon), Murphy Oil, Galp Energia, Tullow Oil, YPF, KMG and OQ.

Key contents of the report:

• Operational emissions benchmarking
• Methane emissions benchmarking
  
• US independent E&Ps in focus
  
• New company emissions profile
  
• Appendix: GHG emissions reduction targets