In 2023, W&T Offshore 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, W&T Offshore has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 325,446a | 350,933a | 340,977a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,790,000a | 543,000a | 1,030,000a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 610.9872a | 381.036a | 611.0589a |
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In 2023, the total operational greenhouse gas (GHG) emissions of W&T Offshore amounted to 2,115,446 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 W&T Offshore increased by 136.64%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of W&T Offshore were 325,446 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, W&T Offshore's Scope 1 emissions have decreased by 25.64%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), W&T Offshore's Scope 1 emissions decreased by 7.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, W&T Offshore reported Scope 2 greenhouse gas (GHG) emissions of 1,790,000 tCO₂e without specifying the calculation method.a
Since 2019, W&T Offshore's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 837.17%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), W&T Offshore's Scope 2 emissions (Unspecified Calculation Method) rose by 229.65% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, W&T Offshore reported its Scope 2 emissions using an unspecified methodology.a
In 2023, W&T Offshore reported Scope 1 greenhouse gas (GHG) emissions of 325,446 tCO₂e and total revenues of USD 533 millions. This translates into an emissions intensity of 610.99 tCO₂e per millions USD.a
In 2023, W&T Offshore reported a Scope 1 emissions intensity of 610.99 tCO₂e per millions USD. Compared to the peer group median of 334.49, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, W&T Offshore ranked 21 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places W&T Offshore among the least efficient performers, with one of the highest emissions intensities in its sector.a