Cnooc Sustainability Profile
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 87% 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 12,263,000,000 kg CO2e. This figure includes about 10,779,000,000 kg CO2e from Scope 1 emissions and around 1,484,000,000 kg CO2e from Scope 2 emissions. The combined Scope 1 and 2 emissions for the year were equal to the total emissions reported. Comparatively, in 2022, Cnooc's total emissions were about 10,879,000,000 kg CO2e, with Scope 1 emissions at approximately 9,779,000,000 kg CO2e and Scope 2 emissions at about 1,101,000,000 kg CO2e. This indicates an increase in emissions from 2022 to 2023. In 2021, the company reported total emissions of about 10,305,000,000 kg CO2e, with Scope 1 emissions of approximately 9,774,000,000 kg CO2e and Scope 2 emissions of around 531,000,000 kg CO2e. The trend shows a consistent rise in emissions over the years, with 2020 emissions at approximately 9,345,000,000 kg CO2e and 2019 at about 8,783,000,000 kg CO2e. Cnooc has not disclosed any specific reduction targets or initiatives as part of its climate commitments. The company does not report Scope 3 emissions, which typically encompass indirect emissions from the value chain. As of now, there are no climate pledges or SBTi targets associated with Cnooc, indicating a potential area for future development in their sustainability strategy.
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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 | - | - | - | - | - |
How Carbon Intensive is Cnooc's Industry?
How Carbon Intensive is Cnooc's Location?
Cnooc's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cnooc has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
