Woodside Energy Group Ltd

Common Name
Woodside Energy Group
Country
Australia
Sector
Energy
Industry
Oil & Gas E&P
Employees
4,718
Ticker
WDS
Exchange
ASX
Description
Woodside Energy Group Ltd. is a leading Australian oil and gas company focused on hydrocarbon exploration, development, production, and marketing. Its primary function is to deliver sustainable energy...

Woodside Energy Group's GHG Emissions Data Preview

In 2023, Woodside Energy Group 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).

Woodside Energy Group has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 Woodside Energy Group’s Greenhouse Gas (GHG) Emissions Data

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a. Woodside Energy Group's Progress Report 2023
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Insights into Woodside Energy Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Woodside Energy Group amounted to 6,190,000 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 Woodside Energy Group increased by 15.27%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Woodside Energy Group's Scope 1 Emissions Over Time

20212022202302 M4 M6 M8 MtCO2e+51%+15%
  • Total Scope 1
  • Year-over-Year Change

What are Woodside Energy Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Woodside Energy Group were 6,172,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Woodside Energy Group reduced its Scope 1 emissions over time?

Since 2021, Woodside Energy Group's Scope 1 emissions have increased by 74.3%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Woodside Energy Group's Scope 1 emissions increased by 15.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Woodside Energy Group's Scope 2 emissions?

In 2023, Woodside Energy Group reported Scope 2 greenhouse gas (GHG) emissions of 18,000 tCO₂e without specifying the calculation method. a

Has Woodside Energy Group reduced its Scope 2 emissions over time?

Since 2021, Woodside Energy Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 200%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Woodside Energy Group's Scope 2 emissions (Unspecified Calculation Method) rose by 38.46% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Woodside Energy Group use for Scope 2 reporting?

In 2023, Woodside Energy Group reported its Scope 2 emissions using an unspecified methodology. a

Woodside Energy Group's Scope 2 Emissions Over Time

20212022202304.5 k9 k13.5 k18 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Woodside Energy Group's Value Chain Emissions

In 2023, Woodside Energy Group reported 72,825,000 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 Woodside Energy Group includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Woodside Energy Group's Scope 3 Emissions Over Time

202120222023020 M40 M60 M80 MtCO2e+63%+20%
  • Total Scope 3
  • Year-over-Year Change

What are Woodside Energy Group's Scope 3 emissions?

In 2023, Woodside Energy Group reported total Scope 3 emissions of 72,825,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 4.07% of these emissions originated from upstream activities such as purchased goods and capital goods, while 95.93% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Woodside Energy Group reduced its Scope 3 emissions over time?

Since 2021, Woodside Energy Group's Scope 3 emissions have increased by 95.84%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Woodside Energy Group's Scope 3 emissions increased by 19.98%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Woodside Energy Group disclose?

In 2023, Woodside Energy Group reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Woodside Energy Group's Scope 3 emissions?

In 2023, the largest contributors to Woodside Energy Group's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 69,653,000 tCO₂e (95.93%)
  • Downstream Transportation and Distribution (Cat. 9): 1,728,000 tCO₂e (2.38%)
  • Purchased Goods and Services (Cat. 1): 1,225,000 tCO₂e (1.69%)

Woodside Energy Group's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(95.9%)Purchased Goods andServices (Cat. 1)(1.7%)DownstreamTransportation andDistribution(Cat. 9)(2.4%)

Insights into Woodside Energy Group’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Woodside Energy Group reported Scope 1 greenhouse gas (GHG) emissions of 6,172,000 tCO₂e and total revenues of USD 21,579 millions. This translates into an emissions intensity of 286.02 tCO₂e per millions USD. a

Woodside Energy Group's Scope 1 Emissions Intensity Compared to Peers

20,000100,0001,000,00010,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)OOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MChord EnergyYear: 2023Scope 1: 1,500,209 tCO2eRevenue: $M 3,897Scope 1 Intensity: 385.00 tCO2e/$MAntero ResourcesYear: 2023Scope 1: 221,063 tCO2eRevenue: $M 4,279Scope 1 Intensity: 51.66 tCO2e/$MVar EnergiYear: 2023Scope 1: 195,706 tCO2eRevenue: $M 6,816Scope 1 Intensity: 28.71 tCO2e/$MHarbour EnergyYear: 2023Scope 1: 1,289,900 tCO2eRevenue: $M 3,715Scope 1 Intensity: 347.21 tCO2e/$MAker BPYear: 2023Scope 1: 906,378 tCO2eRevenue: $M 13,580Scope 1 Intensity: 66.74 tCO2e/$MEQT CorpYear: 2023Scope 1: 668,626 tCO2eRevenue: $M 5,070Scope 1 Intensity: 131.88 tCO2e/$MSantosYear: 2023Scope 1: 5,660,000 tCO2eRevenue: $M 9,048Scope 1 Intensity: 625.52 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MCoterra EnergyYear: 2023Scope 1: 1,358,410 tCO2eRevenue: $M 5,914Scope 1 Intensity: 229.69 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MPTTEPYear: 2023Scope 1: 6,744,227 tCO2eRevenue: $M 8,733Scope 1 Intensity: 772.23 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MCivitas ResourcesYear: 2023Scope 1: 1,920,131 tCO2eRevenue: $M 3,479Scope 1 Intensity: 551.88 tCO2e/$MExpand EnergyYear: 2023Scope 1: 799,373 tCO2eRevenue: $M 7,775Scope 1 Intensity: 102.81 tCO2e/$MWoodside Energy GroupYear: 2023Scope 1: 6,172,000 tCO2eRevenue: $M 21,579Scope 1 Intensity: 286.02 tCO2e/$M

How does Woodside Energy Group's GHG emissions intensity compare to its peers?

In 2023, Woodside Energy Group reported a Scope 1 emissions intensity of 286.02 tCO₂e per millions USD. Compared to the peer group median of 248.52, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Woodside Energy Group rank on GHG emissions intensity within its industry?

In 2023, Woodside Energy Group ranked 13 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Woodside Energy Group's Total Carbon Footprint

In 2023, Woodside Energy Group reported a total carbon footprint of 79,015,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.59% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Woodside Energy Group's total carbon footprint was Scope 3 emissions, accounting for 92.17% of the company's total carbon footprint, followed by Scope 1 emissions at 7.81%. a

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