Petrochina Sustainability Profile
PetroChina Company Limited, commonly referred to as PetroChina, is a leading player in the global oil and gas industry, headquartered in Beijing, China (CN). Established in 1999, the company has rapidly evolved into one of the largest integrated energy firms worldwide, with significant operations across Asia, Africa, and the Americas. PetroChina's core business areas encompass exploration, production, refining, and distribution of oil and natural gas, alongside petrochemical manufacturing. The company is renowned for its extensive pipeline network and advanced technology in resource extraction, setting it apart in a competitive market. With a strong market position, PetroChina consistently ranks among the top oil producers globally, achieving notable milestones in sustainable energy initiatives and innovation. Its commitment to operational excellence and environmental stewardship underscores its role as a key player in the energy sector.
DitchCarbon Score
How does Petrochina'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 Natural Gas 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
Petrochina's score of 19 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Petrochina's reported carbon emissions
In 2023, PetroChina reported total carbon emissions of approximately 171,180,000,000 kg CO2e, comprising about 124,660,000,000 kg CO2e from Scope 1 and about 46,520,000,000 kg CO2e from Scope 2 emissions. This represents a slight increase from 2022, where total emissions were about 160,560,000,000 kg CO2e, with Scope 1 emissions at approximately 119,680,000,000 kg CO2e and Scope 2 emissions at about 40,880,000,000 kg CO2e. PetroChina has set a long-term commitment to achieve carbon neutrality by 2050, with specific targets for Scope 1 emissions. This commitment is part of their broader climate strategy, which aims to align with global climate goals. The company is currently classified as a current subsidiary of PetroChina Company Limited, which influences its emissions reporting and climate initiatives. The emissions data for 2023 and 2022 reflects a consistent disclosure of Scope 1 and Scope 2 emissions, while Scope 3 emissions data remains undisclosed. The company has not yet established Science-Based Targets Initiative (SBTi) targets, but it is actively working towards its long-term climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 132,170,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
| Scope 2 | 41,910,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Petrochina's Industry?
How Carbon Intensive is Petrochina's Location?
Petrochina's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Petrochina has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
