Mission Statement, Vision, & Core Values (2025) of Inpex Corporation.

An Overview of Inpex Corporation

General Summary of Inpex Corporation

Inpex Corporation, established in 1966, is Japan's largest exploration and production company. Headquartered in Tokyo, it focuses on oil and natural gas exploration, development, and production, operating in over 15 countries worldwide. The company offers a range of services including the production of energy resources, development of offshore and onshore projects, and technological innovation for resource extraction.

As of 2024, Inpex reported a sales revenue of approximately ¥5.1 trillion, driven primarily by its core operations in oil and gas. Its major projects include the Ichthys LNG project in Australia and various initiatives in the Middle East and Southeast Asia, which significantly contribute to its revenue stream.

Company's Financial Performance in the Latest Financial Reports

In the recent financial report for the fiscal year ending March 2024, Inpex Corporation achieved record-breaking revenues, reporting an increase of 20% year-over-year. The company's net profit stood at approximately ¥350 billion, reflecting a remarkable surge influenced by rising oil prices and expanded market reach.

The following table highlights key financial metrics for Inpex Corporation for the fiscal year 2024:

Introduction to Inpex as a Leader in the Industry

Inpex Corporation is recognized as a leader in the oil and gas industry, consistently ranking among the top exploration and production companies globally. Its commitment to sustainable development and efficient resource management positions it favorably within the competitive landscape. The company's strategic partnerships and technological advancements further enhance its operational capabilities and market presence.

With a focus on innovation and expanding its portfolio, Inpex aims to adapt to the dynamic energy market while maintaining growth. Investors and analysts are encouraged to explore Inpex's strategic initiatives and operational strengths to gain deeper insights into its success.

Mission Statement of Inpex Corporation

Mission Statement Overview

The mission statement of Inpex Corporation encapsulates its commitment to providing sustainable energy solutions through innovation and excellence. This guiding principle directs the company's strategic decisions and operational activities, ensuring alignment with long-term objectives and stakeholder expectations. In particular, the mission highlights the importance of high-quality products and services in contributing to energy security and environmental sustainability.

Core Component 1: Sustainable Energy Development

Inpex emphasizes its role in advancing sustainable energy development. The company aims to contribute to global energy supply while minimizing environmental impacts. In fiscal year 2022, Inpex reported a total production of approximately 555,000 barrel of oil equivalent per day, showcasing its extensive involvement in the energy sector.

The company is also investing significantly in renewable energy projects. By 2024, Inpex plans to allocate around ¥200 billion (approximately $1.8 billion) towards renewable energy ventures, indicating a shift towards diversification in energy sources.

Core Component 2: Innovation and Technology

Innovation plays a crucial role in Inpex's mission, as the company continuously seeks to improve its operational efficiencies and reduce costs through cutting-edge technology. In 2023, Inpex implemented new digital technologies that resulted in a 10% increase in production efficiency across its major offshore projects.

The company has also partnered with various tech firms to enhance its technological capabilities. In 2022, investments in R&D reached ¥30 billion (approximately $270 million), focusing on innovative solutions such as carbon capture and storage (CCS) to mitigate greenhouse gas emissions.

Core Component 3: Commitment to Stakeholders

Inpex's mission reinforces its commitment to stakeholders, including employees, customers, and the communities in which it operates. In 2023, employee engagement scores improved by 15% following initiatives aimed at improving workplace culture and safety practices.

Financially, Inpex reported a net profit of ¥300 billion (approximately $2.7 billion) for the fiscal year 2022, emphasizing its ability to generate value for shareholders while focusing on ethical and sustainable practices.

Vision Statement of Inpex Corporation

Vision of Inpex Corporation

Inpex Corporation's vision statement reflects its commitment to becoming a global leader in the energy sector by utilizing advanced technology and sustainable practices. The essence of the vision is framed around the concept of 'creating a sustainable energy future.' In 2024, the company aims to align its operations with global energy demands while maintaining a focus on environmental stewardship and innovation.

Global Leadership in Sustainable Energy

The vision of Inpex emphasizes the company's goal to lead in sustainable energy production. As of 2024, Inpex plans to enhance its role in supplying energy through projects that focus on reducing carbon emissions. The company's target is to achieve a **30% reduction** in greenhouse gas emissions by **2030** compared to **2020** levels.

Innovation Through Technology

Inpex highlights innovation as a core component of its vision. The company is focusing on integrating cutting-edge technology in its exploration and production processes. In **2024**, Inpex is investing **¥50 billion** (approximately **$450 million**) in research and development to enhance its technological capabilities, particularly in areas such as carbon capture and storage (CCS) and hydrogen production.

Enhancing Stakeholder Engagement

The company envisions a strong focus on stakeholder engagement, aiming for transparency and collaboration. In **2024**, Inpex plans to conduct **10 stakeholder meetings** across its operational regions to gather insights on community concerns and promote dialogue on sustainable practices, demonstrating its commitment to social responsibility.

Commitment to Renewable Energy

As part of its vision, Inpex is committed to expanding its renewable energy portfolio. As of 2024, the company aims to increase its renewable energy contribution to account for **20% of its total energy production** by **2030**. Projects in solar and wind energy are projected to generate a capacity of **1,000 MW** collectively by the end of 2030.

Long-Term Sustainability Goals

The vision also includes long-term sustainability goals. By **2024**, Inpex aims to establish a sustainability reporting framework that aligns with the **Global Reporting Initiative (GRI)** standards. Furthermore, the company seeks to achieve **100% compliance** with local and international environmental regulations across all its operations.

• Establishment of sustainability frameworks by 2024
• 100% compliance with environmental regulations
• Engagement with the community for sustainable practices

Core Values of Inpex Corporation

Safety

The core value of safety at Inpex Corporation is paramount. The company prioritizes the health and safety of its employees and stakeholders across all operations.

In the fiscal year 2023, Inpex reported a Zero Lost Time Injury (LTI) rate across all its projects. The focus on safety training resulted in over 500,000 hours of safety training delivered to employees, enhancing awareness and competency in safety practices.

Through initiatives such as the Safety Leadership Program, Inpex fosters a culture of safety. This program includes regular safety drills and audits, ensuring compliance with international safety standards. The outcome has been a significant reduction in workplace incidents by 30% compared to the previous year.

Sustainability

Sustainability is a core value that drives Inpex's operations to create long-term value while minimizing environmental impact.

In 2023, Inpex achieved a reduction in carbon emissions by 15% through the implementation of advanced technologies in its facilities. The company has invested approximately $2 billion in renewable energy projects, including solar and wind energy initiatives.

Additionally, Inpex's participation in the RE100 initiative aims to source 100% renewable energy for its global operations by 2025. The commitment is backed by ongoing partnerships with local governments and NGOs to promote sustainability practices.

Integrity

Integrity is essential to Inpex's business philosophy and practices, ensuring accountability and transparency in all dealings.

The company has initiated a Code of Conduct that emphasizes ethical behavior and compliance with regulations. In the 2023 assessment, 98% of employees completed training on the Code of Conduct, reflecting a strong corporate culture.

Inpex's commitment to integrity includes regular audits and risk assessments, with over $10 million allocated for compliance programs in 2023 to strengthen governance and accountability measures.

Collaboration

Collaboration is a core value that drives Inpex to build strong partnerships internally and externally, enhancing operational efficiency.

In 2023, Inpex established strategic alliances with over 20 international oil and gas companies to promote knowledge sharing and technology exchange. These partnerships are projected to save up to $150 million in operational costs.

The establishment of the Innovation Hub within the company fosters collaboration among teams, leading to the development of new technologies that increased production efficiency by 12% in various projects.

Community Engagement

Community engagement is crucial for Inpex's commitment to contributing positively to the regions in which it operates.

In 2023, Inpex invested over $30 million in community development programs, focusing on education, health, and environmental conservation. The company has partnered with local NGOs to support over 50 community projects that directly benefit local populations.

The Inpex Community Volunteer Program encourages employees to participate in various community activities, resulting in over 10,000 hours of volunteer work in 2023.