CNOOC Ltd

Common Name
CNOOC
Country
China (Mainland)
Sector
Energy
Industry
Oil & Gas E&P
Employees
22,181
Ticker
600938
Exchange
SHANGHAI STOCK EXCHANGE
Description
CNOOC Ltd. is a leading Chinese oil and natural gas exploration and production company. It serves as a key player in the energy sector, focusing on the exploration, development, and production of crud...

CNOOC's GHG Emissions Data Preview

In 2023, CNOOC 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) and Scope 2 (indirect emissions from purchased energy).

However, CNOOC has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 CNOOC’s Greenhouse Gas (GHG) Emissions Data

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a. CNOOC's ESG Report 2023
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Insights into CNOOC's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of CNOOC amounted to 12,263,000 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 CNOOC increased by 12.71%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

CNOOC's Scope 1 Emissions Over Time

20212022202303 M6 M9 M12 MtCO2e0%+10%
  • Total Scope 1
  • Year-over-Year Change

What are CNOOC's Scope 1 emissions?

In 2023, the total Scope 1 emissions of CNOOC were 10,779,000 metric tons of CO₂ equivalent (tCO₂e). a

Has CNOOC reduced its Scope 1 emissions over time?

Since 2021, CNOOC's Scope 1 emissions have increased by 10.28%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), CNOOC's Scope 1 emissions increased by 10.23%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are CNOOC's Scope 2 emissions?

In 2023, CNOOC reported Scope 2 greenhouse gas (GHG) emissions of 1,484,000 tCO₂e without specifying the calculation method. a

Has CNOOC reduced its Scope 2 emissions over time?

Since 2021, CNOOC's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 179.47%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), CNOOC's Scope 2 emissions (Unspecified Calculation Method) rose by 34.79% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does CNOOC use for Scope 2 reporting?

In 2023, CNOOC reported its Scope 2 emissions using an unspecified methodology. a

CNOOC's Scope 2 Emissions Over Time

2021202220230400 k800 k1.2 M1.6 MtCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into CNOOC’s GHG Emissions Intensity Compared to Industry Peers

In 2022, CNOOC reported Scope 1 greenhouse gas (GHG) emissions of 9,779,000 tCO₂e and total revenues of USD 62,074 millions. This translates into an emissions intensity of 157.54 tCO₂e per millions USD. a

CNOOC's Scope 1 Emissions Intensity Compared to Peers

502,00050,0002,000,000100,000,000Scope 1 Emissions (tCO2e)1005005,00020,000200,000Revenues (Millions of USD)Canadian Natural ResourcesYear: 2022Scope 1: 23,243,129 tCO2eRevenue: $M 36,595Scope 1 Intensity: 635.14 tCO2e/$MOccidental PetroleumYear: 2023Scope 1: 17,370,000 tCO2eRevenue: $M 28,257Scope 1 Intensity: 614.71 tCO2e/$MInpexYear: 2023Scope 1: 6,622,000 tCO2eRevenue: $M 15,305Scope 1 Intensity: 432.68 tCO2e/$MOvintivYear: 2023Scope 1: 3,307,430 tCO2eRevenue: $M 10,883Scope 1 Intensity: 303.91 tCO2e/$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: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MCivitas ResourcesYear: 2023Scope 1: 1,920,131 tCO2eRevenue: $M 3,479Scope 1 Intensity: 551.88 tCO2e/$MWoodside Energy GroupYear: 2023Scope 1: 6,172,000 tCO2eRevenue: $M 21,579Scope 1 Intensity: 286.02 tCO2e/$MMatador ResourcesYear: 2023Scope 1: 1,051,432 tCO2eRevenue: $M 2,818Scope 1 Intensity: 373.16 tCO2e/$MExpand EnergyYear: 2023Scope 1: 799,373 tCO2eRevenue: $M 7,775Scope 1 Intensity: 102.81 tCO2e/$MCNOOCYear: 2022Scope 1: 9,779,000 tCO2eRevenue: $M 62,074Scope 1 Intensity: 157.54 tCO2e/$M

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

In 2022, CNOOC reported a Scope 1 emissions intensity of 157.54 tCO₂e per millions USD. Compared to the peer group median of 430.13, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does CNOOC rank on GHG emissions intensity within its industry?

In 2022, CNOOC ranked 3 out of 17 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

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