Weatherford International PLC
Weatherford International's GHG Emissions Data Preview
In 2023, 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) | 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.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 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.  b | 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.  b | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Verified Sources Behind Weatherford International’s Greenhouse Gas (GHG) Emissions Data
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Insights into Weatherford International's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Weatherford International amounted to 179,203 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 Weatherford International increased by 12.6%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Weatherford International's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Weatherford International's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Weatherford International were 116,153 metric tons of CO₂ equivalent (tCO₂e). a
Has Weatherford International reduced its Scope 1 emissions over time?
Since 2019, Weatherford International's Scope 1 emissions have decreased by 26.54%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Weatherford International's Scope 1 emissions increased by 10.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Weatherford International's Scope 2 emissions?
In 2023, Weatherford International reported Scope 2 greenhouse gas (GHG) emissions of 63,050 tCO₂e using the location-based method. a
Has Weatherford International reduced its Scope 2 emissions over time?
Since 2019, Weatherford International's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 18.44%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Weatherford International's Scope 2 emissions (Location-Based) rose by 17% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Weatherford International use for Scope 2 reporting?
In 2023, Weatherford International reported its Scope 2 emissions using the location-based method. a
Weatherford International's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Weatherford International's Value Chain Emissions
In 2023, Weatherford International reported 955,451 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 Weatherford International includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Weatherford International's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Weatherford International's Scope 3 emissions?
In 2023, Weatherford International reported total Scope 3 emissions of 955,451 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 85.3% of these emissions originated from upstream activities such as purchased goods and capital goods, while 14.7% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Weatherford International's Scope 3 emissions increased by 56.99%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Weatherford International disclose?
In 2023, 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.
What are the main sources of Weatherford International's Scope 3 emissions?
In 2023, the largest contributors to Weatherford International's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 595,578 tCO₂e (62.33%)
- Investments (Cat. 15): 140,474 tCO₂e (14.7%)
- Upstream Transportation and Distribution (Cat. 4): 55,552 tCO₂e (5.81%)
Weatherford International's Scope 3 Emissions by Categories
Insights into Weatherford International’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Weatherford International reported Scope 1 greenhouse gas (GHG) emissions of 116,153 tCO₂e and total revenues of USD 5,135 millions. This translates into an emissions intensity of 22.62 tCO₂e per millions USD. a
Weatherford International's Scope 1 Emissions Intensity Compared to Peers
How does Weatherford International's GHG emissions intensity compare to its peers?
In 2023, Weatherford International reported a Scope 1 emissions intensity of 22.62 tCO₂e per millions USD. Compared to the peer group median of 177.27, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Weatherford International rank on GHG emissions intensity within its industry?
In 2023, Weatherford International ranked 5 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Weatherford International among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Weatherford International's Total Carbon Footprint
In 2023, Weatherford International reported a total carbon footprint of 1,134,654 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 47.79% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Weatherford International's total carbon footprint was Scope 3 emissions, accounting for 84.21% of the company's total carbon footprint, followed by Scope 1 emissions at 10.24%. a