Seadrill Ltd
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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Verified Sources Behind Seadrill’s Greenhouse Gas (GHG) Emissions Data
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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). a
Seadrill's Scope 1 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e). a
What are Seadrill's Scope 2 emissions?
In 2023, Seadrill reported Scope 2 greenhouse gas (GHG) emissions of 228 tCO₂e using the market-based method. a
What methodology does Seadrill use for Scope 2 reporting?
In 2023, Seadrill reported its Scope 2 emissions using the market-based method. a
Seadrill's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into Seadrill's Value Chain Emissions
In 2023, Seadrill reported 399,119 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
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 a
Seadrill's Scope 3 Emissions Over Time
- 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 CO₂ equivalent (tCO₂e). a
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. a
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. a
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: a
- Downstream Leased Assets (Cat. 13): 188,000 tCO₂e (47.1%)
- Purchased Goods and Services (Cat. 1): 181,179 tCO₂e (45.39%)
- Upstream Transportation and Distribution (Cat. 4): 16,759 tCO₂e (4.2%)
Seadrill's Scope 3 Emissions by Categories
Insights into Seadrill’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Seadrill reported Scope 1 greenhouse gas (GHG) emissions of 436,501 tCO₂e and total revenues of USD 1,502 millions. This translates into an emissions intensity of 290.61 tCO₂e per millions USD. a
Seadrill's Scope 1 Emissions Intensity Compared to Peers
How does Seadrill's GHG emissions intensity compare to its peers?
In 2023, Seadrill reported a Scope 1 emissions intensity of 290.61 tCO₂e per millions USD. Compared to the peer group median of 348.07, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Seadrill rank on GHG emissions intensity within its industry?
In 2023, Seadrill ranked 8 out of 17 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Seadrill is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Seadrill's Total Carbon Footprint
In 2023, Seadrill reported a total carbon footprint of 835,848 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. a
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%. a