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Woodside Energy, a leading player in the crude petroleum sector, is headquartered in Australia and operates primarily in the Asia-Pacific region. Founded in 1954, the company has established itself as a key provider of crude oil extraction services, excluding surveying, and has achieved significant milestones in the energy industry.
Specialising in the exploration and production of oil and gas, Woodside Energy is renowned for its innovative approaches and commitment to sustainability. The company’s core offerings include the extraction of crude oil and the development of liquefied natural gas (LNG) projects, which set it apart in a competitive market.
With a strong market position, Woodside Energy has garnered recognition for its operational excellence and strategic partnerships, making it a notable entity in the global energy landscape.
40
DitchCarbon score
+24 vs industry average
Woodside Energy’s score of 40 is higher than 66% 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
Very High
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Woodside Energy's reported carbon emissions
Woodside Energy, an AU-headquartered company in the crude petroleum and services related to crude oil extraction industry, reported Scope 3 emissions of about 75,000 kg CO2e in 2024. For 2023, the company disclosed Scope 1 emissions of approximately 9.165 billion kg CO2e and Scope 2 emissions of around 10 million kg CO2e. In 2022, Woodside Energy's Scope 1 emissions were approximately 9.565 billion kg CO2e, with Scope 2 emissions at around 8 million kg CO2e.
Woodside Energy has set several climate commitments. The company is targeting a 15% reduction in net equity Scope 1 and 2 greenhouse gas emissions by 2025, and a 30% reduction by 2030, against a 2016-2020 gross annual average baseline. The company has successfully met its 2025 target. Furthermore, Woodside Energy has an aspiration for net-zero emissions by 2050 or sooner. The company also reported a reduction in flare intensity by over 50% between 2013 and 2016 for Scope 1 and 2 emissions.
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Woodside Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
See details
Active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Woodside Energy6 months ago
40
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