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OrganisationsWoodside Energy
Woodside Energy logo

Woodside Energy

Crude Oil ExtractionAustraliaASX: WDS
Last verified 4 months agowoodside.com

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.

39
DitchCarbon score

+24 vs industry average

Woodside Energy’s score of 39 is higher than 64% 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

00.0B00.0B00.0B00.0B0

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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, based in Australia and operating in the crude petroleum and related services industry, has reported significant carbon emissions. For 2024, the company reported approximately 6.78 billion kg CO2e for Scope 1 and 2 emissions. In 2023, Scope 1 emissions were approximately 9.17 billion kg CO2e, and Scope 2 emissions were approximately 10 million kg CO2e, totalling about 9.17 billion kg CO2e for Scope 1 and 2.

Looking at prior years, Woodside Energy's Scope 1 and 2 emissions were approximately 9.57 billion kg CO2e in 2022, and approximately 8.91 billion kg CO2e in 2021. Scope 3 emissions for the use of sold products were approximately 32.94 billion kg CO2e in 2020.

Woodside Energy has established several climate commitments. The company is targeting a reduction of net equity Scope 1 and 2 greenhouse gas emissions by 15% by the end of 2025 and 30% by the end of 2030, relative to a 2016-2020 gross annual average. Notably, the 2025 target has been successfully met. Furthermore, Woodside Energy has an aspiration to achieve net zero emissions by 2050 or sooner across all scopes. Initiatives such as improvements in operational reliability and flare reduction have contributed to a reduction in flare intensity by over 50% since 2013.

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Woodside Energy’s Climate Goals (2030 & 2050)

13 goals

2050

15% reduction in all scopes

NET EQUITY SCOPE 1 AND 2 EMISSIONS REDUCTION TARGETS2 15% 30% 3 4 Aspiration of net zero by 2050 or sooner

On track15%

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%

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Scope 3 top emissions categories

1 of 15 categories disclosed
Use of Sold Products100%
Use of Sold Products100%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Woodside Energy logoWoodside Energy
AUCrude Oil Extraction
4 months ago
39
Royal Dutch Shell logoRoyal Dutch Shell
GBPetroleum Refineries
2 days ago
87
View
Slb logoSlb
USSupport Activities for Oil and Gas Operations
5 days ago
82
View
Repsol logoRepsol
ESPetroleum Electricity
4 days ago
75
View
TotalEnergies logoTotalEnergies
FRPetroleum Refineries
2 days ago
73
View
Eni logoEni
ITCrude Oil Extraction
2 days ago
70
View
Oil Search Limited logoOil Search Limited
PGCrude Oil Extraction
5 days ago
57
View

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Ditchcarbonv260715.4
[email protected]+44 203 475 7875

Ditch Carbon Ltd

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