W And T Offshore
W&T Offshore, Inc., commonly referred to as W&T Offshore, is a prominent player in the oil and gas industry, headquartered in the United States. Founded in 1983, the company has established a strong presence in the Gulf of Mexico, focusing on the exploration and production of hydrocarbons. W&T Offshore is renowned for its commitment to operational excellence and innovative techniques in resource extraction. The company’s core services include offshore drilling and production, with a portfolio that highlights its expertise in both mature and emerging fields. With a reputation for reliability and efficiency, W&T Offshore has achieved significant milestones, positioning itself as a leader in the sector. Its strategic approach to asset management and development has garnered recognition, making it a key player in the competitive landscape of offshore energy production.
DitchCarbon Score
How does W And T Offshore's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Liquids industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
W And T Offshore's score of 19 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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W And T Offshore's reported carbon emissions
In 2022, W And T Offshore, headquartered in the US, reported Scope 1 emissions of approximately 350,933,000 kg CO2e. This figure reflects a slight increase from 2021, where emissions were about 340,977,000 kg CO2e. The company has not disclosed Scope 2 or Scope 3 emissions data. W And T Offshore has set ambitious climate commitments, aiming for significant reductions in greenhouse gas emissions. The company targets a 40% reduction in Scope 1 emissions by 2030 and an 80% reduction by 2040, relative to 2008 levels, with a long-term goal of achieving net-zero emissions by 2050. Additionally, they aim to reduce Scope 2 emissions to near zero by the middle of this decade. The emissions data is not cascaded from any parent company, and all figures are reported directly by W And T Offshore, Inc. The company continues to focus on enhancing its sustainability practices in line with industry standards.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 280,751,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 29,289,000 | - | - | - | - |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
W And T Offshore is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
