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 6 is lower than 71% 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 significant carbon emissions, with Scope 1 emissions totalling approximately 63,050,000,000 kg CO2e. This figure highlights the company's substantial greenhouse gas output, which is critical for understanding its environmental impact. 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 the company's dedication to reducing its carbon footprint and aligns with global climate goals. Notably, in 2022, Weatherford achieved a reduction in Scope 1 and 2 greenhouse gas intensity, decreasing by over 24% to approximately 36.7 metric tons CO2e per million dollars of revenue compared to its 2019 baseline. The company has not disclosed any Scope 2 or Scope 3 emissions data, indicating a focus on direct emissions management at this stage. Weatherford's climate initiatives are crucial in the context of the energy sector, where reducing emissions is increasingly vital for sustainability and regulatory compliance.
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| 2019 | 2023 | |
|---|---|---|
| Scope 1 | 77,306,000,000 | 00,000,000,000 |
| Scope 2 | 116,153,000,000 | - |
| 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.
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.
