Oceaneering International Inc

Common Name
Oceaneering International
Country
United States
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
10,400
Ticker
OII
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Oceaneering International, Inc. is a diversified oilfield services company specializing in engineered services and products primarily for the offshore energy industry. Its core objective is to support...

Oceaneering International's GHG Emissions Data Preview

In 2023, Oceaneering International 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, Oceaneering International 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
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 Oceaneering International’s Greenhouse Gas (GHG) Emissions Data

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a. Oceaneering International's TCFD Report 2024
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Insights into Oceaneering International's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Oceaneering International amounted to 56,601 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 Oceaneering International increased by 2.58%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Oceaneering International's Scope 1 Emissions Over Time

20222023015 k30 k45 k60 ktCO2e+3%
  • Total Scope 1
  • Year-over-Year Change

What are Oceaneering International's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Oceaneering International were 44,690 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Oceaneering International's Scope 1 emissions increased by 2.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Oceaneering International's Scope 2 emissions?

In 2023, Oceaneering International reported Scope 2 greenhouse gas (GHG) emissions of 3,545 tCO₂e using the market-based method and 11,911 tCO₂e using the location-based method. a

Has Oceaneering International reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Oceaneering International's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Oceaneering International 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Oceaneering International use for Scope 2 reporting?

In 2023, Oceaneering International reported its Scope 2 emissions using the market-based method and using the location-based method. a

Oceaneering International's Scope 2 Emissions Over Time

2022202303 k6 k9 k12 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Oceaneering International’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Oceaneering International reported Scope 1 greenhouse gas (GHG) emissions of 44,690 tCO₂e and total revenues of USD 2,425 millions. This translates into an emissions intensity of 18.43 tCO₂e per millions USD. a

Oceaneering International's Scope 1 Emissions Intensity Compared to Peers

2,00020,000200,0002,000,00020,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)HTidewaterYear: 2023Scope 1: 1,074,336 tCO2eRevenue: $M 1,010Scope 1 Intensity: 1,063.71 tCO2e/$MVital EnergyYear: 2023Scope 1: 663,046 tCO2eRevenue: $M 1,548Scope 1 Intensity: 428.43 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MAlliance Resource PartnersYear: 2023Scope 1: 2,521,512 tCO2eRevenue: $M 2,567Scope 1 Intensity: 982.39 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MMagnolia Oil & GasYear: 2023Scope 1: 479,393 tCO2eRevenue: $M 1,227Scope 1 Intensity: 390.71 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MHHHess MidstreamYear: 2023Scope 1: 486,869 tCO2eRevenue: $M 1,346Scope 1 Intensity: 361.69 tCO2e/$MBaker HughesYear: 2023Scope 1: 383,096 tCO2eRevenue: $M 25,506Scope 1 Intensity: 15.02 tCO2e/$MNew Fortress EnergyYear: 2020Scope 1: 967,889 tCO2eRevenue: $M 452Scope 1 Intensity: 2,143.01 tCO2e/$MExcelerate EnergyYear: 2023Scope 1: 596,397 tCO2eRevenue: $M 1,159Scope 1 Intensity: 514.60 tCO2e/$MNovYear: 2023Scope 1: 135,671 tCO2eRevenue: $M 8,583Scope 1 Intensity: 15.81 tCO2e/$MHalliburtonYear: 2023Scope 1: 3,443,174 tCO2eRevenue: $M 23,018Scope 1 Intensity: 149.59 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MSchlumbergerYear: 2023Scope 1: 1,469,000 tCO2eRevenue: $M 33,135Scope 1 Intensity: 44.33 tCO2e/$MHelmerich and PayneYear: 2023Scope 1: 1,142,000 tCO2eRevenue: $M 2,872Scope 1 Intensity: 397.57 tCO2e/$MOceaneering InternationalYear: 2023Scope 1: 44,690 tCO2eRevenue: $M 2,425Scope 1 Intensity: 18.43 tCO2e/$M

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

In 2023, Oceaneering International reported a Scope 1 emissions intensity of 18.43 tCO₂e per millions USD. Compared to the peer group median of 366.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Oceaneering International rank on GHG emissions intensity within its industry?

In 2023, Oceaneering International ranked 4 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

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