W And T Offshore Sustainability Profile
W&T Offshore, Inc., commonly referred to as W&T Offshore, is a prominent player in the oil and gas industry, headquartered in the United States. Founded in 1983, the company has established a strong presence in the Gulf of Mexico, focusing on the exploration and production of hydrocarbons. W&T Offshore is renowned for its commitment to operational excellence and innovative techniques in resource extraction. The company’s core services include offshore drilling and production, with a portfolio that highlights its expertise in both mature and emerging fields. With a reputation for reliability and efficiency, W&T Offshore has achieved significant milestones, positioning itself as a leader in the sector. Its strategic approach to asset management and development has garnered recognition, making it a key player in the competitive landscape of offshore energy production.
DitchCarbon Score
How does W And T Offshore'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 Natural Gas Liquids 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
W And T Offshore's score of 10 is lower than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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W And T Offshore's reported carbon emissions
In 2022, W And T Offshore, headquartered in the US, reported total carbon emissions of approximately 350.9 million kg CO2e, all of which were classified under Scope 1 emissions. This figure represents a slight increase from 2021, when emissions were about 341.0 million kg CO2e. The company has not disclosed any Scope 2 or Scope 3 emissions data for these years. W And T Offshore's emissions have fluctuated over recent years, with 2020 emissions recorded at approximately 393.0 million kg CO2e and 2019 at about 437.7 million kg CO2e. The company has not set any specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). Overall, W And T Offshore's climate commitments appear limited, with no significant pledges or initiatives reported to date. The company continues to focus on its operational emissions, primarily from direct sources, while lacking comprehensive strategies for broader emissions reduction across its value chain.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 280,751,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 29,289,000 | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is W And T Offshore's Industry?
How Carbon Intensive is W And T Offshore's Location?
W And T Offshore'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.
W And T Offshore 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.
