Weatherford International plc, commonly known as Weatherford, is a leading player in the gas and diesel oil industry, headquartered in the United States. Founded in 1941, the company has established a strong presence in key operational regions, including North America, the Middle East, and Europe.
Specialising in oilfield services, Weatherford offers a diverse range of products and services, including drilling, evaluation, completion, and production solutions. Their innovative technologies and commitment to safety set them apart in a competitive market.
With a focus on enhancing efficiency and sustainability, Weatherford has achieved significant milestones, positioning itself as a trusted partner for energy companies worldwide. The company’s dedication to excellence has earned it a notable reputation, making it a prominent name in the global oil and gas sector.
+1 vs industry average
Weatherford’s score of 20 is lower than 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Weatherford's reported carbon emissions
Weatherford, a US-based company in the Gas/Diesel Oil industry, reported Scope 1 and Scope 2 emissions for 2023, totalling approximately 179.2 billion kg CO2e. Specifically, Scope 1 emissions were around 63.1 billion kg CO2e, and Scope 2 emissions were approximately 116.2 billion kg CO2e. This represents a decrease from 2019, when Scope 1 emissions were about 77.3 billion kg CO2e and Scope 2 emissions were approximately 158.1 billion kg CO2e. Weatherford has set a long-term commitment to achieve Net-Zero greenhouse gas emissions for Scope 1 and 2 by 2050. In a near-term achievement, their Scope 1 and 2 greenhouse gas intensity decreased by over 24% to 36.7 metric tons per million dollars of revenue by 2022, compared to their 2019 baseline year. The company's reporting for Scope 1 and 2 emissions is based on data from Weatherford International plc at cascade level 0. Scope 3 emissions data is not yet available.
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Weatherford’s Climate Goals (2030 & 2050)
4 goals2022
24% reduction in Scope 1
In 2022, our Scope 1 and 2 greenhouse gas intensity decreased by more than 24% to 36.7 metric tons per million dollars of revenue in compari…
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Weatherford
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