Seadrill Ltd

Common Name
Seadrill
Country
Bermuda
Sector
Energy
Industry
Oil & Gas Drilling
Employees
3,300
Ticker
SDRL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Seadrill Limited is a prominent offshore drilling contractor that provides effective drilling solutions to the global oil and gas industry. The company's core business involves the ownership and opera...

Seadrill's GHG Emissions Data Preview

In 2023, Seadrill 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).

Seadrill has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 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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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Seadrill's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Seadrill amounted to 436,729 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).

Seadrill's Scope 1 Emissions Over Time

20230150 k300 k450 k600 ktCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Seadrill's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Seadrill were 436,501 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

What are Seadrill's Scope 2 emissions?

In 2023, Seadrill reported Scope 2 greenhouse gas (GHG) emissions of 228 tCOâ‚‚e using the market-based method.

What methodology does Seadrill use for Scope 2 reporting?

In 2023, Seadrill reported its Scope 2 emissions using the market-based method.

Seadrill's Scope 2 Emissions Over Time

2023060120180240tCO2e
  • Total Scope 2 Market-Based

Insights into Seadrill's Value Chain Emissions

In 2023, Seadrill reported 399,119 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Seadrill includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in , reflecting improved emissions accounting practices and greater transparency across the company's value chain

Seadrill's Scope 3 Emissions Over Time

20230100 k200 k300 k400 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Seadrill's Scope 3 emissions?

In 2023, Seadrill reported total Scope 3 emissions of 399,119 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 52.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 47.1% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Seadrill disclose?

In 2023, Seadrill reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Seadrill's Scope 3 emissions?

In 2023, the largest contributors to Seadrill's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 188,000 tCOâ‚‚e (47.1%)
  • Purchased Goods and Services (Cat. 1): 181,179 tCOâ‚‚e (45.39%)
  • Upstream Transportation and Distribution (Cat. 4): 16,759 tCOâ‚‚e (4.2%)

Seadrill's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(45.4%)UpstreamTransportation andDistribution(Cat. 4)(4.2%)Downstream LeasedAssets (Cat. 13)(47.1%)

Insights into Seadrill's Total Carbon Footprint

In 2023, Seadrill reported a total carbon footprint of 835,848 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions.

The largest contributor to Seadrill's total carbon footprint was Scope 1 emissions, accounting for 52.22% of the company's total carbon footprint, followed by Scope 3 emissions at 47.75%.

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