In 2024, Saudi Arabian Oil 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, Saudi Arabian Oil has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 56,100,000a | 54,400,000a | 55,700,000a | |
Total Scope 2 | ||||
Market-Based | 12,400,000a | 13,000,000a | 10,312,000b | |
Location-Based | 18,500,000a | 18,200,000a | 16,100,000a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 116.9501a | 109.892a | 92.3593a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Saudi Arabian Oil amounted to 74,600,000 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 2023, the total operational greenhouse gas (GHG) emissions of Saudi Arabian Oil increased by 2.75%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Saudi Arabian Oil were 56,100,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Saudi Arabian Oil's Scope 1 emissions have increased by 11.75%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Saudi Arabian Oil's Scope 1 emissions increased by 3.13%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Saudi Arabian Oil reported Scope 2 greenhouse gas (GHG) emissions of 12,400,000 tCO₂e using the market-based method and 18,500,000 tCO₂e using the location-based method.a
Since 2020, Saudi Arabian Oil's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Saudi Arabian Oil's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Saudi Arabian Oil's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Saudi Arabian Oil's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Saudi Arabian Oil reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Saudi Arabian Oil reported Scope 1 greenhouse gas (GHG) emissions of 56,100,000 tCO₂e and total revenues of USD 479,692 millions. This translates into an emissions intensity of 116.95 tCO₂e per millions USD.a
In 2024, Saudi Arabian Oil reported a Scope 1 emissions intensity of 116.95 tCO₂e per millions USD. Compared to the peer group median of 331.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Saudi Arabian Oil ranked 3 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Saudi Arabian Oil among the top performers, with one of the lowest emissions intensities relative to peers.a