Woodside Energy
Woodside Energy Group Ltd, commonly known as Woodside, is a leading Australian oil and gas company headquartered in Perth, Australia. Founded in 1954, Woodside has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of hydrocarbons. The company operates major projects in Australia and internationally, with significant assets in the North West Shelf and Pluto LNG. Woodside is renowned for its innovative approach to liquefied natural gas (LNG) production, offering unique solutions that enhance efficiency and sustainability. With a commitment to responsible energy development, Woodside has achieved notable milestones, including the successful delivery of large-scale LNG projects. As a prominent entity in the energy market, Woodside continues to drive advancements in technology and environmental stewardship, solidifying its position as a trusted provider of energy solutions.
DitchCarbon Score
How does Woodside Energy'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 Crude Oil Extraction 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
Woodside Energy's score of 20 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Woodside Energy's reported carbon emissions
In 2023, Woodside Energy reported total greenhouse gas emissions of approximately 9,175,000,000 kg CO2e, comprising 9,165,000,000 kg CO2e from Scope 1 and 10,000,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for a 15% reduction in net equity Scope 1 and 2 emissions by 2025 and a 30% reduction by 2030, using a baseline of the 2016-2020 gross annual average. Furthermore, Woodside aspires to achieve net zero emissions by 2050 or sooner. The company has made significant strides in reducing flare intensity, achieving over a 50% reduction since 2013. This commitment to operational reliability and emissions reduction reflects Woodside's proactive approach to addressing climate change. The intensity of Scope 1 emissions for equity production was reported at 280 kg CO2e per tonne in 2023, indicating a focus on improving efficiency in their operations. Overall, Woodside Energy's climate strategy is centred on substantial emissions reductions and a long-term vision for sustainability, aligning with global efforts to mitigate climate change impacts.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,402,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 8,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 | - | - | - |
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.
Woodside Energy is participating in some 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.
