Weatherford
Weatherford International plc, commonly known as Weatherford, is a leading global provider of oilfield services headquartered in the United States. Founded in 1941, the company has established a strong presence in key operational regions, including North America, Latin America, Europe, the Middle East, and Africa. Specialising in the oil and gas industry, Weatherford offers a comprehensive range of products and services, including drilling, evaluation, completion, production, and intervention solutions. Their innovative technologies and commitment to safety set them apart in a competitive market. With a focus on enhancing operational efficiency and maximising resource recovery, Weatherford has achieved significant milestones, solidifying its position as a trusted partner for energy companies worldwide. The company continues to drive advancements in the industry, contributing to sustainable energy practices and operational excellence.
DitchCarbon Score
How does Weatherford'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 Gas/Diesel Oil 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
Weatherford's score of 18 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Weatherford's reported carbon emissions
In 2023, Weatherford reported total greenhouse gas emissions of approximately 77306000 kg CO2e for Scope 1 and 116153000 kg CO2e for Scope 2. Additionally, their Scope 3 emissions were significant, with contributions from various categories: 595578000 kg CO2e from purchased goods and services, 140474000 kg CO2e from investments, and 38902000 kg CO2e from employee commute, among others. Weatherford has set ambitious climate commitments, aiming for Net-Zero greenhouse gas emissions for both Scope 1 and Scope 2 by 2050. This long-term target reflects their dedication to sustainability and reducing their carbon footprint. Notably, they achieved a reduction in Scope 1 and 2 greenhouse gas intensity of over 24% in 2022, decreasing to 36.7 metric tons per million dollars of revenue compared to their 2019 baseline. These initiatives underscore Weatherford's commitment to addressing climate change and enhancing their environmental performance in the oil and gas industry.
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| 2023 | |
|---|---|
| Scope 1 | 77,306,000 |
| Scope 2 | 116,153,000 |
| Scope 3 | 955,451,000 |
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.
Weatherford 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.
