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Aker BP ASA

Common Name
Aker BP
Country
Norway
Sector
Energy
Industry
Oil & Gas E&P
Employees
2,462
Ticker
AKRBP
Exchange
OSLO BORS
Website
akerbp.com
Description
Aker BP ASA is a leading Norwegian oil and gas company focused on exploration, field development, and production on the Norwegian continental shelf. As one of Europe’s largest independent exploration ...

Aker BP's GHG Emissions Data Preview

In 2024, Aker BP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Aker BP has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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b
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b
0000000
Location-Based
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a
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b
0000000
Total Scope 3
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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b
0000000
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Verified Sources Behind Aker BP’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Aker BP’s data sources below and access millions more through our Disclosure Search.

a. Aker BP's Annual Report 2024
a. Aker BP's Annual Report 2024
b. Aker BP's Annual Report 2023
b. Aker BP's Annual Report 2023

Insights into Aker BP's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofAker BP amounted to852,400metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Aker BPdecreased by 7.32%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Aker BP's Scope 1 Emissions Over Time

20212022202320240300 k600 k900 k1.2 MtCO2e-10%-15%-8%
  • Total Scope 1
  • Year-over-Year Change

What are Aker BP's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Aker BP were 838,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Aker BP reduced its Scope 1 emissions over time?

Since 2021, Aker BP's Scope 1 emissions have decreased by 29.43%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Aker BP's Scope 1 emissions decreased by 7.54%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are Aker BP's Scope 2 emissions?

In 2024, Aker BP reported Scope 2 greenhouse gas (GHG) emissions of 575,000 tCOâ‚‚e using the market-based method and 14,400 tCOâ‚‚e using the location-based method.a

Has Aker BP reduced its Scope 2 emissions over time?

Since 2021, Aker BP's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 213.93%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Aker BP's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Aker BP's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Aker BP use for Scope 2 reporting?

In 2024, Aker BP reported its Scope 2 emissions using the market-based method and using the location-based method.a

Aker BP's Scope 2 Emissions Over Time

20212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Aker BP's Value Chain Emissions

In 2024, Aker BP reported 71,457,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Aker BP includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,up from 8 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Aker BP's Scope 3 Emissions Over Time

2021202220232024020 M40 M60 M80 MtCO2e-2%+15%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Aker BP's Scope 3 emissions?

In 2024, Aker BP reported total Scope 3 emissions of 71,457,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.86%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.14%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Aker BP reduced its Scope 3 emissions over time?

Since 2021, Aker BP's Scope 3 emissionshave increased by 11.24%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Aker BP's Scope 3 emissions remained relatively stable, indicating that Aker BP's emissions have plateaued with no significant change in its value chain footprint.ab

What categories of Scope 3 emissions does Aker BP disclose?

In 2024, Aker BP reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Aker BP's Scope 3 emissions?

In 2024, the largest contributors to Aker BP's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 66,172,000 tCOâ‚‚e(92.6%)
  • Processing of Sold Products (Cat. 10): 4,668,000 tCOâ‚‚e(6.53%)
  • Upstream Transportation and Distribution (Cat. 4): 202,000 tCOâ‚‚e(0.28%)

Aker BP's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(6.5%)Use of Sold Products(Cat. 11)(92.6%)

Insights into Aker BP’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Aker BP reported Scope 1 greenhouse gas (GHG) emissions of 838,000 tCOâ‚‚e and total revenues of USD 12,243 millions. This translates into an emissions intensity of 68.45 tCOâ‚‚e per millions USD.a

Aker BP's Scope 1 Emissions Intensity Compared to Peers

5,00050,000500,00010,000,000100,000,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)OSOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MChord EnergyYear: 2024Scope 1: 1,944,660 tCO2eRevenue: $M 5,251Scope 1 Intensity: 370.34 tCO2e/$MAntero ResourcesYear: 2024Scope 1: 201,511 tCO2eRevenue: $M 4,119Scope 1 Intensity: 48.93 tCO2e/$MVar EnergiYear: 2024Scope 1: 320,859 tCO2eRevenue: $M 75,046Scope 1 Intensity: 4.28 tCO2e/$MBluenordYear: 2023Scope 1: 303,000 tCO2eRevenue: $M 795Scope 1 Intensity: 381.08 tCO2e/$MHessYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 12,896Scope 1 Intensity: 155.09 tCO2e/$MDiamondback EnergyYear: 2024Scope 1: 2,776,675 tCO2eRevenue: $M 11,023Scope 1 Intensity: 251.90 tCO2e/$MNovatekYear: 2024Scope 1: 9,571,891 tCO2eRevenue: $M 13,590Scope 1 Intensity: 704.34 tCO2e/$MOccidental PetroleumYear: 2024Scope 1: 17,900,000 tCO2eRevenue: $M 26,725Scope 1 Intensity: 669.78 tCO2e/$MInpexYear: 2024Scope 1: 6,614,000 tCO2eRevenue: $M 14,433Scope 1 Intensity: 458.27 tCO2e/$MCalifornia ResourcesYear: 2024Scope 1: 4,467,797 tCO2eRevenue: $M 2,931Scope 1 Intensity: 1,524.33 tCO2e/$MAPA Corp (US)Year: 2024Scope 1: 6,225,000 tCO2eRevenue: $M 9,737Scope 1 Intensity: 639.31 tCO2e/$MInternational PetroleumYear: 2023Scope 1: 865,305 tCO2eRevenue: $M 10,477Scope 1 Intensity: 82.59 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MCoterra EnergyYear: 2024Scope 1: 1,177,337 tCO2eRevenue: $M 5,458Scope 1 Intensity: 215.71 tCO2e/$MEOG ResourcesYear: 2024Scope 1: 6,000,000 tCO2eRevenue: $M 23,378Scope 1 Intensity: 256.65 tCO2e/$MPTTEPYear: 2024Scope 1: 6,550,208 tCO2eRevenue: $M 9,096Scope 1 Intensity: 720.12 tCO2e/$MRange ResourcesYear: 2024Scope 1: 195,199 tCO2eRevenue: $M 2,347Scope 1 Intensity: 83.17 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MSSSavannah EnergyYear: 2024Scope 1: 36,101 tCO2eRevenue: $M 227Scope 1 Intensity: 159.01 tCO2e/$MWoodside Energy GroupYear: 2024Scope 1: 6,769,000 tCO2eRevenue: $M 20,322Scope 1 Intensity: 333.09 tCO2e/$MAker BPYear: 2024Scope 1: 838,000 tCO2eRevenue: $M 12,243Scope 1 Intensity: 68.45 tCO2e/$M

How does Aker BP's GHG emissions intensity compare to its peers?

In 2024, Aker BP reported a Scope 1 emissions intensity of 68.45 tCOâ‚‚e per millions USD. Compared to the peer group median of 269.89, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Aker BP rank on GHG emissions intensity within its industry?

In 2024, Aker BP ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Aker BP among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Aker BP's Total Carbon Footprint

In 2024, Aker BP reported a total carbon footprint of 72,309,400 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.66% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Aker BP's total carbon footprint was Scope 3 emissions, accounting for 98.82% of the company's total carbon footprint, followed by Scope 1 emissions at 1.16%.a

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