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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.
+24 vs industry average
Woodside Energy’s score of 40 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Crude Oil Extraction is among the most carbon-intensive industries
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Scope 3 accounts for ••• of total emissions.
Woodside Energy, an Australian crude petroleum and related services company, reported approximately 6.78 billion kg CO2e in Scope 1 and 2 emissions for 2024. In 2023, the company's Scope 1 emissions were approximately 9.17 billion kg CO2e, with Scope 2 emissions at approximately 10 million kg CO2e. For 2022, Woodside Energy's Scope 1 emissions were approximately 9.57 billion kg CO2e, and Scope 2 emissions were around 8 million kg CO2e. In 2021, Scope 1 emissions were about 8.9 billion kg CO2e, and Scope 2 emissions were approximately 8 million kg CO2e.
Looking further back, in 2020, Woodside Energy reported Scope 1 emissions of approximately 9.17 billion kg CO2e and Scope 2 emissions of about 10 million kg CO2e. The company also disclosed Scope 3 emissions, specifically from the use of sold products, amounting to approximately 32.94 billion kg CO2e in 2020. In 2019, Scope 1 emissions were approximately 8.84 billion kg CO2e, Scope 2 emissions were around 7 million kg CO2e, and Scope 3 emissions from the use of sold products were approximately 27.89 billion kg CO2e.
Woodside Energy aims to reduce its net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and 30% by 2030, relative to a 2016-2020 gross annual average baseline. The company has successfully met its 2025 target. Furthermore, Woodside Energy has an aspiration of achieving net-zero emissions by 2050 or sooner. Between 2013 and 2016, the company reduced its Scope 1 and Scope 2 flare intensity by over 50%.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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