Saudi Arabian Oil Co
Saudi Arabian Oil's Climate Target Data Preview
As of 2024, Saudi Arabian Oil has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 2 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Saudi Arabian Oil's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2035 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | 0000000 | 2035 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | Copy/Paste is a PRO feature.  a | 2035 |
Verified Sources Behind Saudi Arabian Oil’s Climate Targets Data
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Insights into Saudi Arabian Oil's Greenhouse Gas Emissions Pathways
As of 2024, Saudi Arabian Oil has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
Does Saudi Arabian Oil have a target to reduce the emissions from its operations?
As of 2024, Saudi Arabian Oil has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Saudi Arabian Oil's most ambitious operational target is to reduce these emissions by 15% by 2035, compared to a baseline of 0.009 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced in 2018.a
Instead of reducing operational emissions, Saudi Arabian Oil has increased them, with 2024 levels exceeding those of the 2018 baseline, placing the company well behind its reduction target.a