Talos Energy Publishes Annual Sustainability Report

Rhea-AI Summary

Talos Energy (NYSE:TALO) has released its sixth annual Sustainability Report, showcasing significant environmental and safety achievements in 2024. The company achieved its lowest Serious Injury and Fatality rate in history and maintained a 30% lower Total Recordable Incident Rate compared to industry average.

Notable environmental accomplishments include reaching their 15% Absolute GHG Emissions Reduction Target ahead of the 2030 schedule, reducing methane emissions by 38% since 2022, and marking six years without significant hydrocarbon releases. The company also maintained an "A" rating in MSCI ESG Ratings since 2023 and implemented a fully declassified Board structure.

Positive

• Achieved lowest Serious Injury and Fatality (SIF) rate in company history
• 30% lower incident rate than Gulf of America industry average
• Reached 15% GHG emissions reduction target well ahead of 2030 schedule
• 38% reduction in methane emissions since 2022
• Six consecutive years with zero significant hydrocarbon releases
• Maintained 'A' rating in MSCI ESG Ratings

Negative

• None.

HOUSTON, Aug. 26, 2025 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the publication of its sixth annual Sustainability Report, highlighting the Company's 2024 performance and continued commitment to responsible offshore energy development.

The report outlines Talos's progress across our sustainability strategy founded on three core commitments: Reducing Environmental Impact, Strengthening Employees and Communities, and Governing with Integrity and Transparency.

President and Chief Executive Officer Paul Goodfellow commented, "What stands out most at Talos is the exceptional talent and performance-driven mindset of our workforce. This culture of delivery is a core strength of our organization—and it's clearly reflected in our 2024 sustainability achievements."

2024 Sustainability Highlights^(1,2)

• Realized the lowest Serious Injury and Fatality (SIF) rate in company history for the second consecutive year.
  
  
• Achieved 30% lower combined Total Recordable Incident Rate (TRIR) than the Gulf of America industry average.
  
  
• Reached our 15% Absolute GHG Emissions Reduction Target, originally targeted by 2030, well ahead of schedule.
  
  
• Reduced Methane Emission by 38% since 2022 baseline.
  
  
• Marked six consecutive years with zero hydrocarbon releases greater than one barrel.
  
  
• Fully Declassified Board - annual election of all Talos Board of Directors.
  
  
• Sustained an "A" rating (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment since 2023.

The report is available at https://www.talosenergy.com/sustainability.

ABOUT TALOS ENERGY

Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. For more information, visit www.talosenergy.com.

INVESTOR RELATIONS CONTACT

Clay Jeansonne
investor@talosenergy.com

FORWARD-LOOKING STATEMENTS

This communication may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this communication, regarding our corporate and sustainability strategy and goals; the future success of the Company's sustainability targets, including greenhouse gas emission reduction plans or goals; the continued development, implementation or continuation of practices, programs, policies, initiatives, plans, goals, or targets discussed herein or the report; development plans; future performance; projected costs, cost savings and operational efficiencies; future operations and operating results; production and reserves; market trends and conditions; commodity price assumptions; acquisition and divestiture opportunities and prospects; and objectives of the Board and management are forward-looking statements. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.

We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, the effects of climate change and the energy transition; changes in laws and regulations regarding the sustainability focus area; the availability of technology and technological advances and the costs thereof; commodity prices and the general economic environment; the availability of capital resources to implement our sustainability programs; and the other risks discussed in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 and in our subsequent Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission (the "SEC").

Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.

(1) All data, except emissions (GHG, methane), includes QuarterNorth as if owned for the full year 2024. Emissions data include EnVen and QuarterNorth baselined to 2022.

(2) Combined results refer to both employees and contractors. Gulf of America average is based on 2023 contained in the latest Bureau of Safety and Environmental Enforcement aggregated data of OCS Oil and Gas Industry Activities Report (July 31, 2024).

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SOURCE Talos Energy

FAQ

What ESG achievements did Talos Energy (TALO) report in its 2024 Sustainability Report?

Talos Energy achieved its lowest-ever Serious Injury and Fatality rate, reduced GHG emissions by 15%, cut methane emissions by 38% since 2022, and maintained zero significant hydrocarbon releases for six consecutive years.

How does Talos Energy's (TALO) safety record compare to industry standards?

Talos Energy maintained a Total Recordable Incident Rate (TRIR) that was 30% lower than the Gulf of America industry average in 2024.

What environmental targets has Talos Energy (TALO) achieved in 2024?

Talos Energy reached its 15% Absolute GHG Emissions Reduction Target ahead of its 2030 schedule and achieved a 38% reduction in methane emissions from its 2022 baseline.

What corporate governance changes did Talos Energy (TALO) implement in 2024?

Talos Energy implemented a fully declassified Board structure, requiring annual election of all Board of Directors members.

What is Talos Energy's (TALO) MSCI ESG rating?

Talos Energy has maintained an 'A' rating (on a scale of AAA-CCC) in the MSCI ESG Ratings assessment since 2023.