Aker BP ASA

Common Name
Aker BP
Country
Norway
Sector
Energy
Industry
Oil & Gas E&P
Employees
2,962
Ticker
AKRBP
Exchange
OSLO BORS
Website
akerbp.com
Description
Aker BP ASA is an independent oil and gas exploration and production company based in Norway. The company's primary function is the exploration, development, and production of petroleum resources. It ...

Aker BP's GHG Emissions Data Preview

In 2023, 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 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Aker BP’s Greenhouse Gas (GHG) Emissions Data

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a. Aker BP's Annual Report 2023
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Insights into Aker BP's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Aker BP amounted to 923,182 metric 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 2022, the total operational greenhouse gas (GHG) emissions of Aker BP decreased by 14.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Aker BP's Scope 1 Emissions Over Time

2021202220230300 k600 k900 k1.2 MtCO2e-10%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Aker BP's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Aker BP were 906,378 metric tons of CO₂ equivalent (tCO₂e). a

Has Aker BP reduced its Scope 1 emissions over time?

Since 2021, Aker BP's Scope 1 emissions have decreased by 23.67%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Aker BP's Scope 1 emissions decreased by 15.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Aker BP's Scope 2 emissions?

In 2023, Aker BP reported Scope 2 greenhouse gas (GHG) emissions of 443,966 tCO₂e using the market-based method and 16,804 tCO₂e 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 266.34%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Aker BP's Scope 2 emissions (Location-Based) rose by 114.15% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Aker BP use for Scope 2 reporting?

In 2023, 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

2021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Aker BP's Value Chain Emissions

In 2023, Aker BP reported 72,607,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Aker BP includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Aker BP's Scope 3 Emissions Over Time

202120222023020 M40 M60 M80 MtCO2e-2%+15%
  • Total Scope 3
  • Year-over-Year Change

What are Aker BP's Scope 3 emissions?

In 2023, Aker BP reported total Scope 3 emissions of 72,607,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.28% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.72% 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 emissions have increased by 13.03%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Aker BP's Scope 3 emissions increased by 15.15%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Aker BP disclose?

In 2023, Aker BP reported emissions for 8 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 2023, the largest contributors to Aker BP's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 67,370,000 tCO₂e (92.91%)
  • Processing of Sold Products (Cat. 10): 4,935,000 tCO₂e (6.81%)
  • Upstream Transportation and Distribution (Cat. 4): 128,000 tCO₂e (0.18%)

Aker BP's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(92.9%)Processing of SoldProducts (Cat. 10)(6.8%)

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

In 2023, Aker BP reported Scope 1 greenhouse gas (GHG) emissions of 906,378 tCO₂e and total revenues of USD 13,580 millions. This translates into an emissions intensity of 66.74 tCO₂e per millions USD. a

Aker BP's Scope 1 Emissions Intensity Compared to Peers

501,00050,0002,000,000100,000,000Scope 1 Emissions (tCO2e)1005002,00020,000100,000Revenues (Millions of USD)OOOOriental 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: 2023Scope 1: 1,500,209 tCO2eRevenue: $M 3,897Scope 1 Intensity: 385.00 tCO2e/$MAntero ResourcesYear: 2023Scope 1: 221,063 tCO2eRevenue: $M 4,279Scope 1 Intensity: 51.66 tCO2e/$MVar EnergiYear: 2023Scope 1: 195,706 tCO2eRevenue: $M 6,816Scope 1 Intensity: 28.71 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MNovatekYear: 2023Scope 1: 9,482,000 tCO2eRevenue: $M 15,178Scope 1 Intensity: 624.71 tCO2e/$MOccidental PetroleumYear: 2023Scope 1: 17,370,000 tCO2eRevenue: $M 28,257Scope 1 Intensity: 614.71 tCO2e/$MInpexYear: 2023Scope 1: 6,622,000 tCO2eRevenue: $M 15,305Scope 1 Intensity: 432.68 tCO2e/$MPermian ResourcesYear: 2023Scope 1: 2,150,671 tCO2eRevenue: $M 3,121Scope 1 Intensity: 689.12 tCO2e/$MMurphy OilYear: 2023Scope 1: 1,083,362 tCO2eRevenue: $M 3,449Scope 1 Intensity: 314.12 tCO2e/$MPrairiesky RoyaltyYear: 2023Scope 1: 94 tCO2eRevenue: $M 388Scope 1 Intensity: 0.24 tCO2e/$MMedco Energi InternasionalYear: 2022Scope 1: 5,710,288 tCO2eRevenue: $M 2,312Scope 1 Intensity: 2,469.60 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MCoterra EnergyYear: 2023Scope 1: 1,358,410 tCO2eRevenue: $M 5,914Scope 1 Intensity: 229.69 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MPTTEPYear: 2023Scope 1: 6,744,227 tCO2eRevenue: $M 8,733Scope 1 Intensity: 772.23 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MWoodside Energy GroupYear: 2023Scope 1: 6,172,000 tCO2eRevenue: $M 21,579Scope 1 Intensity: 286.02 tCO2e/$MAker BPYear: 2023Scope 1: 906,378 tCO2eRevenue: $M 13,580Scope 1 Intensity: 66.74 tCO2e/$M

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

In 2023, Aker BP reported a Scope 1 emissions intensity of 66.74 tCO₂e per millions USD. Compared to the peer group median of 314.12, 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 2023, Aker BP ranked 4 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 2023, Aker BP reported a total carbon footprint of 73,530,182 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.66% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Aker BP's total carbon footprint was Scope 3 emissions, accounting for 98.74% of the company's total carbon footprint, followed by Scope 1 emissions at 1.23%. a

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