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, positioning itself as a trusted partner for energy companies worldwide. The company continues to drive advancements in the industry, reinforcing its reputation as a leader in oilfield services.
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 9 is lower than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Weatherford's reported carbon emissions
In 2023, Weatherford reported total carbon emissions of approximately 77306000 kg CO2e from Scope 1, 116153000 kg CO2e from Scope 2, and 595578000 kg CO2e from Scope 3 emissions. This indicates a significant reliance on indirect emissions, particularly from purchased goods and services, which accounted for about 595578000 kg CO2e. In previous years, Weatherford's emissions intensity was recorded at 0.0367 for Scope 1 and 2 in 2022 and 0.0148 in 2019, reflecting a change in operational efficiency relative to revenue, which was approximately 4331000000 USD in 2022 and 4954000000 USD in 2019. Despite these figures, Weatherford has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of defined climate pledges or science-based targets suggests that while the company is aware of its emissions, it may not yet have formalised a comprehensive strategy for significant reductions. Overall, Weatherford's emissions data highlights the challenges faced by the oil and gas sector in managing carbon outputs, particularly in Scope 3 emissions, which often represent the largest share of a company's total emissions.
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Add to project| 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 committed to some reduction initiatives 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.
