Xcite Energy Limited
Xcite Energy Limited, often referred to as Xcite, is a prominent player in the energy sector, headquartered in the British Virgin Islands (VG). Founded in 2007, the company has established itself as a leader in the exploration and production of oil and gas, primarily focusing on the North Sea region. Xcite Energy is renowned for its innovative approach to hydrocarbon extraction, particularly through its flagship asset, the Bentley field. This unique project showcases the company's commitment to utilising advanced technologies that enhance recovery rates while minimising environmental impact. With a strong market position, Xcite Energy Limited has achieved significant milestones, including successful drilling campaigns and strategic partnerships, solidifying its reputation as a forward-thinking entity in the energy industry.
DitchCarbon Score
How does Xcite Energy Limited'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
Xcite Energy Limited's score of 2 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Xcite Energy Limited's reported carbon emissions
In 2023, Xcite Energy Limited reported total carbon emissions of approximately 4,129,800 kg CO2e from Scope 2 and about 7,968,000 kg CO2e from Scope 1. This marks a significant increase in emissions compared to 2022, where Scope 1 emissions were about 612,000 kg CO2e and Scope 2 emissions were approximately 40,119,000 kg CO2e. Despite the rise in emissions, Xcite Energy Limited has not disclosed any specific reduction targets or climate pledges. The company has reported emissions data for Scope 1 and Scope 2 but has not provided information regarding Scope 3 emissions. As Xcite Energy Limited continues to navigate its environmental impact, the absence of defined reduction initiatives highlights the need for a strategic approach to climate commitments in the energy sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 612,000 | 0,000,000 |
| Scope 2 | 40,119,000 | 00,000,000 |
| Scope 3 | - | - |
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.
Xcite Energy Limited is not committed to any reduction initiatives 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.
