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 88% 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, comprising about 10,779,000,000 kg CO2e from Scope 1 emissions and about 1,484,000,000 kg CO2e from Scope 2 emissions. This represents an increase from 2022, when 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. Over the past few years, Cnooc's emissions have shown a general upward trend, with total emissions in 2021 at about 10,305,000,000 kg CO2e and in 2020 at approximately 9,345,000,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting and improvement. Cnooc has not set specific reduction targets or initiatives as part of its climate commitments, nor has it participated in initiatives such as the Science Based Targets initiative (SBTi). The absence of defined reduction strategies suggests that the company may need to enhance its climate action framework to align with industry standards and expectations. Overall, Cnooc's emissions data reflects significant operational impacts, and the lack of reduction commitments highlights an opportunity for the company to strengthen its climate strategy moving forward.
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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.
