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.
+22 vs industry average
Woodside Energy’s score of 37 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
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Woodside Energy's reported carbon emissions
Woodside Energy, an Australian crude oil and related extraction services company, has reported its carbon emissions across various scopes. For 2024, Woodside Energy reported Scope 1 and 2 emissions totalling approximately 6.78 billion kg CO2e. The company has not provided specific Scope 1, Scope 2, or Scope 3 totals for this year. In 2023, Woodside Energy's Scope 1 emissions were approximately 9.17 billion kg CO2e, with Scope 2 emissions at approximately 10 million kg CO2e. This brings their combined Scope 1 and 2 emissions to about 9.18 billion kg CO2e for the year. Scope 1 emissions for previous years include: * 2022: Approximately 9.57 billion kg CO2e (Scope 1 and 2 combined) * 2021: Approximately 8.91 billion kg CO2e (Scope 1 and 2 combined) * 2020: Approximately 9.17 billion kg CO2e (Scope 1), with Scope 3 emissions from the use of sold products at approximately 32.94 billion kg CO2e. * 2019: Approximately 8.84 billion kg CO2e (Scope 1), with Scope 3 emissions from the use of sold products at approximately 27.89 billion kg CO2e. * 2018: Approximately 9.77 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 8 million kg CO2e. * 2017: Approximately 9.88 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 8 million kg CO2e. * 2016: Approximately 10.08 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 14 million kg CO2e. * 2015: Approximately 9.97 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 7 million kg CO2e. * 2014: Approximately 9.82 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 8 million kg CO2e. * 2013: Approximately 3.05 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 8 million kg CO2e. * 2012: Approximately 8.40 billion kg CO2e (Scope 1), with Scope 2 emissions at approximately 8 million kg CO2e. Woodside Energy has outlined several climate commitments and reduction targets. The company aims to reduce its net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025 and 30% by 2030, using the 2016-2020 gross annual average as a baseline. They have successfully met their 2025 target. Furthermore, Woodside Energy has an aspiration for net zero emissions by 2050 or sooner, covering all scopes. Historically, between 2013 and 2016, the company achieved a reduction of over 50% in flare intensity through operational improvements.
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Woodside Energy’s Climate Goals (2030 & 2050)
13 goals2050
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
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.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Woodside Energy
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