Tethys Oil AB, commonly referred to as Tethys Oil, is a prominent player in the crude petroleum industry, headquartered in Sweden (SE). Established in 2001, the company has carved a niche in crude oil extraction services, focusing on operations in the Middle East, particularly in Oman.
Tethys Oil is dedicated to the exploration and production of oil, leveraging advanced technologies and sustainable practices to enhance efficiency. The company’s unique approach to resource management and commitment to environmental stewardship sets it apart in a competitive market.
With a strong portfolio of assets and a reputation for operational excellence, Tethys Oil has achieved significant milestones, positioning itself as a reliable partner in the oil sector. Its strategic initiatives and focus on growth continue to solidify its standing in the global crude oil landscape.
+11 vs industry average
Tethys Oil’s score of 27 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Tethys Oil?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
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 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tethys Oil's reported carbon emissions
Tethys Oil, headquartered in SE and operating in the crude petroleum and related services industry, reported a total of approximately 503.3 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions.
For the year 2023, the company's total emissions were approximately 509.0 billion kg CO2e. In 2022, Tethys Oil reported approximately 529.4 billion kg CO2e in total emissions. Prior to that, in 2021, total emissions stood at approximately 538.9 billion kg CO2e, and in 2020, the total was approximately 465.2 billion kg CO2e.
Tethys Oil has a commitment to eliminate routine flaring by 2030, which applies to both Scope 1 and Scope 2 emissions. The company's emissions data is inherited from its ultimate parent, Tethys Oil AB (publ), where it operates as a current subsidiary with a cascade level of 2.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Tethys Oil’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Emissions comparison with industry peers
View similar organisations
Tethys Oil
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project