What are Mission Vision & Core Values of Inpex Company?

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What are the Mission, Vision, and Core Values of the Company?

Mission and vision statements are crucial for any business, defining its purpose and aspirations. They guide strategic decisions, shape corporate identity, and align the organization. The Company, a global energy leader, excels in oil and natural gas, with strong financial performance in 2024.

The Company reported a 4.7% revenue increase to ¥2,265.8 billion and a 32.8% profit surge to ¥427.3 billion. Beyond hydrocarbons, it is expanding into renewables, CCUS, and hydrogen, navigating the energy transition with clear mission, vision, and values. Explore their strategic landscape with an Inpex PESTEL Analysis.

The Inpex mission statement emphasizes a commitment to societal progress by sustainably developing, producing, and delivering energy. This encompasses a global scope, aiming for a brighter future for all, while prioritizing environmental responsibility alongside energy supply.

Societal Contribution

Inpex aims to foster a brighter future for society, aligning its operations with global well-being.

Sustainable Energy

The company focuses on developing and delivering energy in an environmentally responsible manner.

Comprehensive Offerings

Inpex covers the full energy lifecycle, from development to production and delivery.

Global Reach

The mission implies a broad market scope, impacting society worldwide through its energy solutions.

Value Proposition

Its unique value lies in balancing energy supply with strong environmental stewardship.

Operational Reflection

The mission guides business strategies, including decarbonization and stable energy supply.

The Inpex mission statement, a cornerstone of Inpex corporate philosophy, clearly outlines its primary objective: to contribute to a brighter future for society by sustainably developing, producing, and delivering energy. This commitment is evident in their operations, such as maintaining stable crude oil supply from Abu Dhabi oilfields while actively pursuing decarbonization initiatives. For instance, Inpex aims to reduce greenhouse gas emissions during production. Another key aspect is their strategic focus on expanding natural gas and LNG businesses, exemplified by the Ichthys LNG project in Australia, which has a capacity to produce 9.3 million tons of LNG per year. This project also integrates lower-carbon solutions like CCUS and hydrogen, reflecting Inpex's vision for the future of energy. The Inpex mission statement for stakeholders underscores its role as a responsible energy supplier, balancing stable supply with a strong focus on sustainability and contributing to a lower-carbon society. For more details on their operational framework, consider reading about the Revenue Streams & Business Model of Inpex. This aligns with Inpex core values and ethical conduct, ensuring that Inpex company purpose is met through sustainable development.

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Inpex's Vision 2035, titled 'Realizing a Responsible Energy Transition,' outlines its long-term strategy through 2035, reflecting changes in the global energy landscape. This vision also includes a medium-term business plan for 2025 to 2027, detailing specific initiatives and goals. The company aims for net-zero emissions by 2050, emphasizing a significant reduction in carbon intensity.

Future-Oriented Vision

Inpex's Vision 2035 focuses on 'Realizing a Responsible Energy Transition' by 2035, with a clear path towards net-zero by 2050.

Broad Scope

The vision encompasses industry disruption through diversification into new energy sources and aims for global impact by contributing to a lower-carbon society.

Ambitious Targets

Targets include a 60% reduction in net carbon intensity by 2035 compared to 2019 levels, with an interim target of 35% reduction by 2027.

Business Growth

Inpex aims to grow its business scale by 60% by 2035, demonstrating an ambitious yet realistic outlook.

Strategic Funding

Leveraging expertise from projects like Ichthys LNG and the planned Abadi LNG project, with a target FID by 2027 and peak production of 9.5 million metric tons per year, funds '5 Net Zero' businesses.

Financial Resilience

The company's net profit of ¥427.3 billion in FY2024 supports these ambitious energy transitions and strategic investments.

Inpex's Vision 2035 is explicitly future-oriented, focusing on 'Realizing a Responsible Energy Transition' by 2035 and progressing towards net-zero by 2050. Its scope is broad, encompassing industry disruption through diversification into new energy sources and aiming for global impact by contributing to a lower-carbon society. The vision sets ambitious targets, such as achieving a 60% reduction in net carbon intensity by 2035 compared to 2019 levels, with an interim target of 35% reduction by 2027. Furthermore, it aims to grow business scale by 60% by 2035. This Inpex vision statement appears realistic yet highly aspirational given the company's current trajectory and market position. Inpex is leveraging its existing expertise in large-scale energy projects like Ichthys LNG and the planned Abadi LNG project in Indonesia (with a target FID by 2027 and peak production of 9.5 million metric tons per year) to fund and develop its '5 Net Zero' businesses: hydrogen/ammonia, CCUS, renewable energy, carbon recycling/new business, and forest conservation. The company's financial resilience, with a net profit of ¥427.3 billion in FY2024, supports these ambitious transitions. For more details on the company's past, refer to the Brief History of Inpex. This aligns with the Inpex corporate philosophy and Inpex vision for the future of energy.

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The Inpex core values are fundamental principles that guide the company's operations and employee conduct. These values reflect Inpex's commitment to safety, ethical behavior, diversity, and innovation, shaping its corporate culture and strategic decisions.

Inpex's philosophy is underpinned by its 'Inpex Values,' which guide its employees and operations. While specific numbered values are not explicitly listed in the search results as a distinct set of 4 or 6, the company's sustainability reports and corporate philosophy highlight key principles that function as core values.

Safety Number One (Anzen dai ichi)

This value emphasizes the paramount importance of safety and health for all employees and persons associated with Inpex's business operations. In 2024, Inpex successfully achieved 'zero major incidents,' a key management goal under Inpex Vision 2035, demonstrating its commitment to this value in its operations.

Ethical Conduct

Inpex is committed to being ethical, honest, and trustworthy in its business relationships and professional in its conduct at all times. This value influences corporate governance practices, ensuring transparent, fair, and timely decision-making, as evidenced by their Corporate Governance Guidelines updated in March 2025.

Diversity, Equity, Inclusion, and Belonging (DEIB)

Inpex proactively embraces individual differences, fostering a workplace that is diverse, equitable, inclusive, and actively promotes a sense of belonging for all employees. In 2024, Inpex Idemitsu Norge continued aligning its initiatives with the Norwegian Equality and Anti-Discrimination Act, making strides in advancing gender balance at leadership levels.

Initiative and Innovation

Inpex embraces initiative and innovative problem-solving at every level and celebrates successes. This value drives product development by encouraging cutting-edge technology integration, with Inpex investing ¥50 billion (approximately $450 million) in research and development in 2024.

These Inpex core values collectively differentiate the company by positioning it as a responsible, forward-thinking energy provider. To understand how these principles influence the company's strategic direction, explore the Growth Strategy of Inpex and how its mission and vision influence the company's strategic decisions.

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A company's mission and vision are crucial in shaping its strategic direction and guiding critical decisions. These statements provide a clear purpose and a forward-looking aspiration that influences everything from project selection to market expansion.

Inpex's Strategic Compass: Mission, Vision, and Core Values

Inpex's strategic decisions are deeply rooted in its mission and vision, particularly the ambitious Vision 2035. This vision sets clear targets for business growth and carbon intensity reduction, directly influencing capital allocation and project prioritization.

• The '60-60' targets of Vision 2035 aim for a 60% growth in business scale and a 60% reduction in net carbon intensity by 2035.
• The company's mission to expand natural gas and LNG business as a pragmatic transition fuel guides investments in projects like the Abadi LNG project.
• This project is expected to contribute to raising net output to over 700,000 barrels of oil equivalent per day (boe/d) from approximately 650,000 boe/d in 2024.
• Investments in renewable energy, such as offshore wind in Europe and solar in Australia, support the vision of a 'Responsible Energy Transition.'
• By 2030, the company aims for renewables to account for 20% of total energy production, targeting a capacity of 1,000 MW.

Mission in Action: Pragmatic Transition

Inpex's mission to expand its natural gas and LNG business as a transition fuel is evident in its strategic pursuit of projects like the Abadi LNG project, targeting a Final Investment Decision (FID) by 2027. This aligns with the broader goal of increasing production and meeting global energy demands responsibly.

Vision for a Responsible Energy Transition

The vision of a 'Responsible Energy Transition' is actively pursued through significant investments in renewable energy sources across the globe. These initiatives are key to achieving the company's long-term sustainability goals and diversifying its energy portfolio.

Financial Performance Supporting Strategy

The company's financial health, demonstrated by a 32.8% surge in net profit to ¥427.3 billion for FY2024, provides the necessary capital to fund its ambitious transition initiatives and strategic investments.

Decarbonization Goals and Operational Impact

Commitment to reducing Scope 1 and 2 emissions to net-zero by 2050, with a 2030 goal of a 30% reduction from 2020 levels, directly influences operational improvements and investments in technologies like CCUS and hydrogen.

Leadership Commitment to Growth and Sustainability

President & CEO Takayuki Ueda's emphasis on contributing to society, enhancing corporate value, and growing as a sustainable energy supplier highlights the leadership's dedication to the company's core principles and long-term objectives.

Core Values in Daily Operations

The company's core values are reflected in its operational focus, such as achieving 'Zero major incidents' in 2024, and in its long-term planning, as outlined in the 2025-2027 Medium-Term Business Plan, which details initiatives for growth and decarbonization.

Inpex's mission and vision are integral to its strategic decision-making, guiding investments and operational focus toward sustainable growth and energy transition. Explore the Target Market of Inpex to understand how these principles are applied in practice.

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Enhancing the Inpex mission and vision statements can sharpen strategic focus and better align with the dynamic energy landscape. Incorporating specific business pillars into the mission and articulating a clearer role in customer decarbonization within the vision are key areas for improvement.

Explicitly Integrate '5 Net Zero' Pillars into Mission Statement

To strengthen the Inpex mission statement, consider directly naming its five '5 Net Zero' business pillars: hydrogen/ammonia, CCUS, renewable energy, carbon recycling/new business, and forest conservation. This would more vividly communicate the company's diversified energy transition strategy, aligning it with the ambitious goals of Vision 2035.

Position as a Leading Provider of Decarbonization Solutions

Refining the Inpex vision statement to explicitly state an ambition to be a leading provider of decarbonization solutions for customers, beyond internal emissions reduction, would reflect industry best practices. This could involve setting targets for CO2 capture volumes or clean energy supplied to third parties, embracing emerging technologies like Direct Air Capture (DAC).

Highlighting Enabling Role in Industry Decarbonization

Adapting both the mission and vision to explicitly showcase Inpex's role in enabling other industries to decarbonize through its CCUS and hydrogen offerings would frame these as significant growth opportunities. This approach emphasizes the company's potential to drive industry-wide transformation and solidify its market position.

Reinforcing Commitment to Sustainable Development and Innovation

By clearly articulating its purpose and values, Inpex reinforces its commitment to sustainable development and innovation for employees and stakeholders alike. This clarity in the Inpex mission and vision explained, along with its core values, guides its business strategy and operational excellence.