Petróleos de Venezuela, S.A.
Petróleos de Venezuela, S.A. (PDVSA) is a state-owned oil and natural gas company headquartered in Venezuela. Established in 1976, PDVSA has become a cornerstone of the Venezuelan economy, primarily operating in the oil and gas industry. The company is renowned for its extensive exploration, production, refining, and distribution activities, with significant operations in the Orinoco Oil Belt and other key regions. PDVSA's core products include crude oil, natural gas, and refined petroleum products, distinguished by their high quality and strategic importance in global markets. Over the years, PDVSA has achieved notable milestones, including becoming one of the largest oil producers in the world. Despite facing various challenges, the company remains a pivotal player in the energy sector, contributing significantly to Venezuela's national revenue and energy security.
DitchCarbon Score
How does Petróleos de Venezuela, S.A.'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 Crude Oil Extraction 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
Petróleos de Venezuela, S.A.'s score of 0 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Petróleos de Venezuela, S.A.'s reported carbon emissions
Petróleos de Venezuela, S.A. (PDVSA), headquartered in Venezuela (VE), has not disclosed specific carbon emissions data for recent years, including Scope 1, 2, or 3 emissions. The latest available emissions data dates back to 2015, with no reported figures for subsequent years. As of 2015, PDVSA's emissions data remains unspecified, indicating a lack of transparency in their carbon footprint reporting. Furthermore, PDVSA has not established any formal reduction targets or commitments under the Science Based Targets initiative (SBTi) or similar frameworks. This absence of defined climate pledges suggests that the company may not be actively pursuing significant initiatives to mitigate its carbon emissions or address climate change. In the context of the oil and gas industry, where companies are increasingly held accountable for their environmental impact, PDVSA's lack of emissions data and reduction commitments may hinder its ability to align with global climate goals and investor expectations for sustainability.
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.
Petróleos de Venezuela, S.A. is not committed to any reduction initiatives 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.
