Petrochina
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 14 is higher than 82% 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. This marked 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 at about 40,880,000,000 kg CO2e. PetroChina has set a significant climate commitment, aiming for carbon neutrality by 2050, with a focus on reducing Scope 1 emissions. This long-term target reflects the company's recognition of the need to address climate change and its impact on the environment. The company has also reported carbon emission intensity metrics, such as a Scope 1 carbon emission intensity of about 0.00285714 kg CO2e per barrel for member companies, indicating ongoing efforts to improve operational efficiency and reduce emissions per unit of production. Overall, while PetroChina's emissions have shown fluctuations, its commitment to achieving carbon neutrality by 2050 positions it within the broader industry context of transitioning towards more sustainable practices.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 132,170,000,000 | 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 |
| 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.
Petrochina is participating in some 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.
