TechnipFMC PLC

Common Name
TechnipFMC
Country
United Kingdom
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
21,693
Ticker
FTI
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
TechnipFMC plc is a globally recognized company in the oil and gas services sector. It specializes in delivering innovative solutions across three main sectors: Subsea, Onshore/Offshore, and Surface T...

TechnipFMC's GHG Emissions Data Preview

In 2023, TechnipFMC 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, TechnipFMC 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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0000000
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 TechnipFMC’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore TechnipFMC’s data sources below and access millions more through our Disclosure Search.

a. TechnipFMC's Annual Report 2023
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Insights into TechnipFMC's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of TechnipFMC amounted to 277,410 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 TechnipFMC decreased by 1.92%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

TechnipFMC's Scope 1 Emissions Over Time

202120222023065 k130 k195 k260 ktCO2e+4%-5%
  • Total Scope 1
  • Year-over-Year Change

What are TechnipFMC's Scope 1 emissions?

In 2023, the total Scope 1 emissions of TechnipFMC were 235,263 metric tons of CO₂ equivalent (tCO₂e). a

Has TechnipFMC reduced its Scope 1 emissions over time?

Since 2021, TechnipFMC's Scope 1 emissions have decreased by 1.2%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), TechnipFMC's Scope 1 emissions decreased by 4.93%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are TechnipFMC's Scope 2 emissions?

In 2023, TechnipFMC reported Scope 2 greenhouse gas (GHG) emissions of 31,166 tCO₂e using the market-based method and 42,147 tCO₂e using the location-based method. a

What methodology does TechnipFMC use for Scope 2 reporting?

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

TechnipFMC's Scope 2 Emissions Over Time

202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into TechnipFMC’s GHG Emissions Intensity Compared to Industry Peers

In 2023, TechnipFMC reported Scope 1 greenhouse gas (GHG) emissions of 235,263 tCO₂e and total revenues of USD 7,824 millions. This translates into an emissions intensity of 30.07 tCO₂e per millions USD. a

TechnipFMC's Scope 1 Emissions Intensity Compared to Peers

5005,000100,0001,000,00020,000,000Scope 1 Emissions (tCO2e)1005005,00020,000100,000Revenues (Millions of USD)VCSVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MCCCIMC Enric HoldingsYear: 2023Scope 1: 31,353 tCO2eRevenue: $M 3,634Scope 1 Intensity: 8.63 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MBumi ArmadaYear: 2023Scope 1: 1,850 tCO2eRevenue: $M 464Scope 1 Intensity: 3.99 tCO2e/$MWorleyYear: 2023Scope 1: 22,334 tCO2eRevenue: $M 7,546Scope 1 Intensity: 2.96 tCO2e/$MBaker HughesYear: 2023Scope 1: 383,096 tCO2eRevenue: $M 25,506Scope 1 Intensity: 15.02 tCO2e/$MSSSeatriumYear: 2023Scope 1: 74,941 tCO2eRevenue: $M 5,525Scope 1 Intensity: 13.56 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$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: $M 33,135Scope 1 Intensity: 44.33 tCO2e/$MTenarisYear: 2023Scope 1: 2,100,000 tCO2eRevenue: $M 14,869Scope 1 Intensity: 141.23 tCO2e/$MTGSYear: 2023Scope 1: 76,102 tCO2eRevenue: $M 794Scope 1 Intensity: 95.81 tCO2e/$MTechnipFMCYear: 2023Scope 1: 235,263 tCO2eRevenue: $M 7,824Scope 1 Intensity: 30.07 tCO2e/$M

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

In 2023, TechnipFMC reported a Scope 1 emissions intensity of 30.07 tCO₂e per millions USD. Compared to the peer group median of 19.21, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does TechnipFMC rank on GHG emissions intensity within its industry?

In 2023, TechnipFMC ranked 11 out of 16 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

TechnipFMC is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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