Cnooc
CNOOC Limited, commonly known as CNOOC, is a leading Chinese offshore oil and gas producer headquartered in Beijing, China. Established in 1998, the company has rapidly expanded its operations across major regions, including the South China Sea, Bohai Bay, and international markets in Africa and North America. CNOOC primarily focuses on the exploration, development, and production of oil and natural gas, distinguishing itself through advanced technology and a commitment to sustainable practices. The company has achieved significant milestones, including becoming one of the largest independent oil and gas companies globally. With a robust portfolio of core products and services, CNOOC is well-positioned in the energy sector, recognised for its operational efficiency and strategic partnerships. Its notable achievements underscore its status as a key player in the global energy landscape.
DitchCarbon Score
How does Cnooc'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 Gas/Diesel Oil 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
Cnooc's score of 10 is lower than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cnooc's reported carbon emissions
In 2023, Cnooc reported total carbon emissions of approximately 31,271,414 kg CO2e for Scope 1, 11,807,450 kg CO2e for Scope 2, and 11,789,010 kg CO2e for Scope 3 emissions, totalling about 12,263,000,000 kg CO2e for Scope 1 and 2 combined. This marks a notable increase in emissions compared to 2022, where Scope 1 emissions were about 28,319,212 kg CO2e, Scope 2 emissions were approximately 10,145,785 kg CO2e, and Scope 3 emissions were around 11,425,000 kg CO2e, leading to a total of about 10,879,000,000 kg CO2e for Scope 1 and 2. Cnooc's emissions have shown a general upward trend over the years, with 2021 emissions at approximately 25,562,264 kg CO2e for Scope 1, 9,423,019 kg CO2e for Scope 2, and 9,969,000 kg CO2e for Scope 3. In 2020, the company reported significantly higher emissions, with Scope 1 at about 9,123,000,000 kg CO2e and Scope 2 at 222,000,000 kg CO2e. Despite the increasing emissions, Cnooc has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for enhanced transparency and accountability in their climate strategy. The company has acknowledged the importance of addressing climate change but has yet to outline a comprehensive plan to reduce its carbon footprint effectively.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 8,597,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 186,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Cnooc is not participating in any of the initiatives that 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.
