Noble Energy, Inc., a prominent player in the crude petroleum industry, is headquartered in the United States and operates primarily in the Gulf of Mexico and the Eastern Mediterranean. Founded in 1932, the company has established itself as a leader in crude oil extraction and related services, excluding surveying, with a focus on innovative exploration and production techniques.
Noble Energy is renowned for its commitment to operational excellence and sustainability, offering a range of services that enhance efficiency in oil extraction. The company has achieved significant milestones, including successful offshore drilling projects and strategic partnerships that bolster its market position. With a reputation for reliability and technological advancement, Noble Energy continues to be a key contributor to the global energy landscape.
-3 vs industry average
Noble Energy, Inc.’s score of 12 is lower than 35% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Reported emissions
Scope 3 accounts for ••• of total emissions.
Noble Energy, Inc.'s reported carbon emissions
Noble Energy, Inc., headquartered in the US and operating within the crude petroleum and related extraction services industry, has disclosed its carbon emissions for the years 2016, 2017, and 2018. In 2018, the company reported total global emissions of approximately 492,192,000 kg CO2e. This comprised Scope 1 emissions totalling about 477,495,000 kg CO2e, Scope 2 emissions of approximately 30,803,000 kg CO2e, and Scope 3 emissions of approximately 17,088,000 kg CO2e. For 2017, Noble Energy's total global emissions were approximately 459,842,000 kg CO2e. Scope 1 emissions were about 451,672,000 kg CO2e, Scope 2 emissions stood at approximately 38,438,000 kg CO2e, and Scope 3 emissions were approximately 13,337,000 kg CO2e. In 2016, the company's total global emissions amounted to approximately 712,554,000 kg CO2e. This included Scope 1 emissions of around 710,219,000 kg CO2e, Scope 2 emissions of approximately 23,011,000 kg CO2e, and Scope 3 emissions of approximately 12,675,000 kg CO2e. Noble Energy has implemented initiatives aimed at reducing its environmental impact. In 2018, the company invested in a capital project for its Tamar gas production platform, which became operational in 2019. This project was projected to achieve a reduction in methane emissions of approximately 93 percent and non-methane Volatile Organic Compound (VOC) emissions of approximately 98 percent. These targets are classified as absolute reduction targets for Scope 1 and Scope 2 emissions, with a near-term timeframe. It is important to note that Noble Energy, Inc. is a current subsidiary, and its climate data and initiatives are not cascaded from a parent organisation.
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Noble Energy, Inc.’s Climate Goals (2030 & 2050)
2 goals2019
98% reduction in Scope 2
In 2018, we undertook a significant capital investment project to reduce air emissions on our Tamar gas production platform. This project wi…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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