In 2019, ExxonMobil and ConocoPhillips were amongst the charter members of the OOC Oil & & Gas Blockchain Consortium, a group of energy business seeking to develop “key blockchain standards, frameworks and capabilities” within the market. Other members of the group consist of Chevron, Equinor (EQNR), Hess (HES), Pioneer Natural Resources (PXD) and Repsol.