Cnooc
CNOOC Limited, commonly known as CNOOC, is a leading Chinese offshore oil and gas producer headquartered in Beijing, China. Established in 1998, the company has rapidly expanded its operations across major regions, including the South China Sea, Bohai Bay, and international markets in Africa and North America. CNOOC primarily focuses on the exploration, development, and production of oil and natural gas, distinguishing itself through advanced technology and a commitment to sustainable practices. The company has achieved significant milestones, including becoming one of the largest independent oil and gas companies globally. With a robust portfolio of core products and services, CNOOC is well-positioned in the energy sector, recognised for its operational efficiency and strategic partnerships. Its notable achievements underscore its status as a key player in the global energy landscape.
DitchCarbon Score
How does Cnooc's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cnooc's score of 5 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cnooc's reported carbon emissions
In 2023, Cnooc reported total carbon emissions of approximately 10,779,000,000 kg CO2e for Scope 1 and 1,484,000,000 kg CO2e for Scope 2, resulting in combined emissions of about 12,263,000,000 kg CO2e. This marks an increase from 2022, where emissions were approximately 9,779,000,000 kg CO2e for Scope 1 and 1,101,000,000 kg CO2e for Scope 2, totalling around 10,879,000,000 kg CO2e. Cnooc has consistently disclosed emissions data for Scope 1 and Scope 2 over the past few years, with 2021 emissions recorded at about 9,774,000,000 kg CO2e for Scope 1 and 531,000,000 kg CO2e for Scope 2, totalling approximately 10,305,000,000 kg CO2e. In 2020, the company reported 9,123,000,000 kg CO2e for Scope 1 and 222,000,000 kg CO2e for Scope 2, leading to total emissions of around 9,345,000,000 kg CO2e. The trend shows a gradual increase in emissions over the years. Cnooc has not set specific reduction targets or initiatives as part of its climate commitments, nor does it report any emissions data for Scope 3. The company operates independently without cascading emissions data from a parent organisation, and its emissions data is sourced directly from CNOOC Finance Corp. Ltd. Overall, Cnooc's emissions profile reflects the challenges faced by the oil and gas industry in reducing greenhouse gas emissions while meeting energy demands.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,597,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 |
| Scope 2 | 186,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cnooc is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
