W And T Offshore
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 16 is lower than 66% 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 Scope 1 emissions of approximately 350,933,000 kg CO2e. This figure reflects a slight increase from 2021, when Scope 1 emissions were about 340,977,000 kg CO2e. In 2020, the company recorded even higher emissions at around 393,041,000 kg CO2e, indicating a trend of fluctuating emissions over the past few years. W And T Offshore has set ambitious climate commitments, aiming to reduce its Scope 1 emissions to near zero by 2025. This target is part of a broader strategy to address its carbon footprint, which also includes a commitment to reduce Scope 2 emissions to near zero within the same timeframe. The company has not disclosed any Scope 3 emissions data, nor has it reported any specific reduction targets through the Science Based Targets initiative (SBTi). However, its focus on significant reductions in Scope 1 and 2 emissions aligns with industry standards for climate action. Overall, W And T Offshore is actively working towards substantial emissions reductions, reflecting a growing commitment to sustainability in the oil and gas sector.
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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 | - | - | - | - | - |
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.
W And T Offshore is not participating in any of the initiatives that 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.
