In 2024, Weatherford International 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).
Weatherford International has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 96,816a | 116,153b | 105,268c | |
Total Scope 2 | ||||
Market-Based | 54,323a | N/A | N/A | |
Location-Based | 55,040a | 63,050b | 53,888c | |
Total Scope 3 | 802,816a | 955,451b | 608,608c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 17.5614a | 22.6199b | 24.3057c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Weatherford International amounted to 151,856 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 Weatherford International decreased by 15.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Weatherford International were 96,816 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Weatherford International's Scope 1 emissions have decreased by 38.77%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Weatherford International's Scope 1 emissions decreased by 16.65%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Weatherford International reported Scope 2 greenhouse gas (GHG) emissions of 54,323 tCO₂e using the market-based method and 55,040 tCO₂e using the location-based method.a
Since 2019, Weatherford International's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 28.8%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Weatherford International's Scope 2 emissions (Location-Based) fell by 12.7% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Weatherford International reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Weatherford International reported 802,816 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 2024 disclosure of Weatherford International includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Weatherford International reported total Scope 3 emissions of 802,816 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.85% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.15% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Weatherford International's Scope 3 emissions decreased by 15.98%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Weatherford International reported emissions for 9 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.
In 2024, the largest contributors to Weatherford International's Scope 3 emissions were:a
In 2024, Weatherford International reported Scope 1 greenhouse gas (GHG) emissions of 96,816 tCO₂e and total revenues of USD 5,513 millions. This translates into an emissions intensity of 17.56 tCO₂e per millions USD.a
In 2024, Weatherford International reported a Scope 1 emissions intensity of 17.56 tCO₂e per millions USD. Compared to the peer group median of 17.1, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Weatherford International ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Weatherford International is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Weatherford International reported a total carbon footprint of 954,672 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.86% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Weatherford International's total carbon footprint was Scope 3 emissions, accounting for 84.09% of the company's total carbon footprint, followed by Scope 1 emissions at 10.14%.a