Hilcorp Energy, Exxon Mobil, and ConocoPhillips Release the Most Greenhouse Gasses Among U.S. Oil and Gas Companies

"Our industry is at the forefront of data collection and advancing and utilizing cutting-edge technologies, including remote monitoring with satellites and lasers, to detect and reduce methane emissions and any suggestion to the contrary is false," an API spokesperson told CNBC on Thursday."The most recent data used in this year's CERES report is from 2020 and does not reflect the continued reductions Hilcorp has made since 2020.

Also, Hilcorp said its emissions data skews higher than its production data because of the nature of its business development strategy, which focused on acquiring older companies. "While we inherit the emission profiles of the assets we acquire, we spend substantial capital optimizing, retrofitting, and refurbishing equipment in order to drive down emissions and intensity from these acquired assets," said the spokesperson.

Exxon told CNBC that emissions intensity is the metric it focuses on,"because it is the truest reflection of how manufacturing companies are reducing greenhouse gases associated with each unit of production," spokesperson Casey Norton told CNBC."This includes aerial flyover monitoring in addition to hand-held imaging cameras. We are also expanding our use of ground-based sensor technology for continuous methane detection and are working with Scepter, Inc.

ConocoPhillips also said it considers emissions intensity a more accurate measurement of its focus on decarbonization work."Due to our company size, we rank high on the absolute emissions ranking, but intensity measures enable a better comparison between companies and better reflect operational practices," a spokesperson told CNBC.

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