3.8.1.1Emissions
Milestones and targets
Retrospective | Milestones and target years | |||||||
|---|---|---|---|---|---|---|---|---|
Base year 2016 | 2023 | 2024 | % Variation | 2025 | 2030 | 2050 | Progress against base year % | |
Scope 1 GHG emissions | ||||||||
Gross scope 1 GHG emissions (tonnes of CO2 Eq) | 222 | 489 | 169 | (65%) | Climate Neutral1 | 100% sourcing of green energy2 | Net Zero3 | (24%) |
Scope 2 GHG emissions | ||||||||
Gross location-based scope 2 GHG emissions (tonnes of CO2 Eq) | 3,582 | 1,811 | 2,061 | 14% | ||||
Gross market-based scope 2 GHG emissions (tonnes of CO2 Eq) | 3,582 | 1,257 | 839 | (33%) | Climate Neutral1 | 100% sourcing of green energy2 | Net Zero3 | (77%) |
Significant scope 3 GHG emissions | ||||||||
Total gross indirect (scope 3) GHG emissions (tonnes of CO2 Eq) | 5,926,119 | 7,174,754 | 21% | |||||
Category 1 – Purchased Goods & Services4 | 179,822 | 268,292 | 49% | |||||
Category 6 – Business Travel5 | 30,596 | 34,401 | 12% | |||||
Category 13 – Downstream Leased Assets6 | 8,444,579 | 5,715,701 | 6,872,061 | 20% | Near zero emission FPSO available to the market | 50% reduction of GHG intensity; zero routine flaring7 | Net Zero3 | (19%) |
Total GHG emissions8 | ||||||||
Total GHG emissions (location-based) (tonnes of CO2 Eq) | 5,928,419 | 7,176,985 | 21% | |||||
Total GHG emissions (market-based) (tonnes of CO2 Eq) | 5,927,865 | 7,175,763 | 21% | |||||
- 1 Balancing emissions associated with market-based office-related emissions.
- 2 Aiming for 100% sourcing of renewable energy by 2030 and considering investments in certified projects to compensate any residual GHG emissions from scope 1 and 2, reaching ‘net zero’ on total GHG emissions – all related to the scope of office and shorebase-related emissions. SBM Offshore monitors development versus 2016.
- 3 Including emissions in scope 1, scope 2 and one category of scope 3 – Downstream leased assets.
- 4 Base year 2021 for category 1 – Purchased goods and services.
- 5 Base year 2019 for category 6 – Business travel.
- 6 Base year 2016 for Category 13 – Downstream leased assets.
- 7 Reduce GHG-intensity of scope 3 – Downstream Leased Assets by 50% by 2030, compared to 2016 as a base year. Routine flaring of gas is flaring during normal oil production operations in the absence of sufficient facilities or amenable geology to re-inject the produced gas, utilize it on-site, or dispatch it to a market. Applies to GHG emissions from scope 3 – Downstream leased assets.
- 8 Including scope 1, 2 and 3 (Purchased goods and services, Business travel and Downstream leased assets) GHG emissions.
Scope 1 and 2 Breakdown per region
Total (per year) | 2024 (per region) | |||||||
|---|---|---|---|---|---|---|---|---|
2023 | 2024 | Variation (%) | Brazil | Angola | North America & Caribbean | Asia & Equatorial Guinea | Europe | |
Scope 1 and 2 GHG emissions | ||||||||
Scope 1 GHG Emissions | ||||||||
Scope 1 GHG emissions (tonnes of CO2 Eq) | 489 | 169 | (65%) | 0 | 31 | 0 | 1 | 137 |
Scope 2 GHG Emissions | ||||||||
Scope 2 GHG emissions (location based) (tonnes of CO2 Eq) | 1,811 | 2,061 | 14% | 49 | 110 | 711 | 822 | 369 |
Scope 2 GHG emissions (market based) (tonnes of CO2 Eq) | 1,257 | 839 | (33%) | 0 | 110 | 678 | 52 | 0 |
Total Scope 1 and 2 GHG Emissions | ||||||||
Total Scope 1 and 2 GHG emissions (location based) (tonnes of CO2 Eq) | 2,300 | 2,231 | (3%) | 49 | 141 | 711 | 824 | 505.8 |
Total Scope 1 and 2 GHG emissions (market based) (tonnes of CO2 Eq) | 1,746 | 1,009 | (42%) | 0 | 141 | 678 | 53 | 137 |
Scope 1 and 2 Breakdown per office country
2024 (per office country) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Brazil | Angola | United States of America | Guyana | China | India | Singapore | Equatorial Guinea | Malaysia | the Netherlands | Switzerland | Monaco | France | Portugal | |
Scope 1 and 2 GHG emissions | ||||||||||||||
Scope 1 GHG Emissions | ||||||||||||||
Scope 1 GHG emissions (tonnes of CO2 Eq) | 0 | 31 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 86 | 0 | 0 | 51 | 0 |
Scope 2 GHG Emissions | ||||||||||||||
Scope 2 GHG emissions (location based) (tonnes of CO2 Eq) | 49 | 110 | 39 | 672 | 28 | 638 | 7 | 52 | 97 | 192 | 0 | 25 | 17 | 134 |
Scope 2 GHG emissions (market based) (tonnes of CO2 Eq) | 0 | 110 | 6 | 672 | 0 | 0 | 0 | 52 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Scope 1 and 2 GHG Emissions | ||||||||||||||
Total Scope 1 and 2 GHG emissions (location based) (tonnes of CO2 Eq) | 49 | 141 | 39 | 672 | 28 | 639 | 7 | 52 | 97 | 278 | 0 | 25 | 68 | 134 |
Total Scope 1 and 2 GHG emissions (market based) (tonnes of CO2 Eq) | 0 | 141 | 6 | 672 | 0 | 1 | 0 | 52 | 0 | 86 | 0 | 0 | 51 | 0 |
Scope 3
Total (per year) | 2024 (per region) | |||||||
|---|---|---|---|---|---|---|---|---|
2023 | 2024 | Variation (%) | Brazil | Angola | North America & Caribbean | Asia & Equatorial Guinea | Europe | |
Scope 3 GHG emissions | ||||||||
Category 1 – Purchased Goods & Services1 | ||||||||
Total GHG emissions (tonnes of CO2 Eq) | 179,822 | 268,292 | 49% | 0 | 0 | 0 | 0 | 0 |
Category 6 – Business Travel2 | ||||||||
Total GHG emissions (tonnes of CO2 Eq) | 30,596 | 34,401 | 12% | 0 | 0 | 0 | 0 | 0 |
Category 13 – Downstream Leased Assets1 | ||||||||
Number of offshore assets | ||||||||
Total number of Downstream Leased Assets (units) | 15 | 15 | 7 | 3 | 3 | 2 | 0 | |
Offshore Downstream Leased Assets Production | ||||||||
Hydrocarbon Production (tonnes) | 57,762,768 | 58,170,414 | 1% | 30,037,855 | 6,076,346 | 20,512,996 | 1,522,279 | 0 |
Total net revenue (Financial statements – section 4.1.1) | ||||||||
Total net revenue (US$ million) | 4,963 | 4,784 | (4%) | 0 | 0 | 0 | 0 | 0 |
Scope 3 GHG emissions Downstream Leased Assets | ||||||||
Carbon dioxide (tonnes of CO2 Eq) | 5,332,324 | 6,359,654 | 19% | 3,512,058 | 1,226,157 | 1,104,472 | 516,966 | 0 |
Methane (tonnes of CO2 Eq) | 10,414 | 406,295 | 40% | 237,240 | 111,720 | 30,386 | 26,949 | 0 |
Nitrous oxide (tonnes of CO2 Eq) | 340 | 106,110 | 14% | 57,570 | 17,912 | 21,572 | 9,055 | 0 |
Total GHG emissions (tonnes of CO2 Eq) | 5,715,701 | 6,872,059 | 20% | 3,806,869 | 1,355,788 | 1,156,431 | 552,970 | 0 |
Total Scope 3 GHG intensity Downstream Leased Assets per Hydrocarbon Production | ||||||||
Total GHG Emissions per Hydrocarbon Production (tonnes of CO2 Eq/1000 tonnes HC Production) | 98.95 | 118.14 | 19% | 126.65 | 223.13 | 56.38 | 363.25 | 0 |
Non GHG emissions Downstream Leased Assets | ||||||||
Carbon monoxide (CO in tonnes) | 7,300 | 9,367 | 28% | 5,345 | 2,045 | 1,288 | 689 | 0 |
Nitrogen oxides (NOx in tonnes) | 9,006 | 10,661 | 18% | 6,041 | 1,591 | 2,121 | 908 | 0 |
Sulphur dioxides (SO2 in tonnes) | 164 | 211 | 29% | 134 | 35 | 13 | 28 | 0 |
Volatile organic compounds (VOCs in tonnes) | 1,096 | 1,567 | 43% | 930 | 434 | 101 | 103 | 0 |
Flaring Downstream Leased Assets | ||||||||
Total Gas Flared per hydrocarbon production (Tonnes/1,000 Tonnes HC Production) | 9.00 | 12.7 | 41% | 14.48 | 34.92 | 2.13 | 31.39 | 0 |
Flaring emissions vs Total Emissions | 30% | 36% | 20% | 38% | 52% | 13% | 29% | 0 |
Total Scope 3 GHG Emissions (Categories 1, 6 and 13)3 | ||||||||
Total Scope 3 GHG Emissions (tonnes of CO2 Eq) | 5,926,119 | 7,174,752 | 21% | 0 | 0 | 0 | 0 | 0 |
- 1 For more details see section 3.9 Reporting Boundaries.
- 2 The split per region is based on travel agency sources. Due to data aggregation in these sources, some regional data has been consolidated under region 'Europe'. For more details see section 3.9 Reporting Boundaries.
- 3 Sum of Category 1 – Purchased Goods & Services, Category 6 – Business Travel and Category 13 – Downstream Leased Assets.
Scope 1, 2 and 3
Total (per year) | |||
|---|---|---|---|
2023 | 2024 | Variation (%) | |
Total Scope 1, 2 and 3 GHG emissions1 | |||
Total Scope 1, 2 and 3 GHG emissions (tonnes of CO2 Eq) (location based) | 5,927,865 | 7,176,982 | 21% |
Total Scope 1, 2 and 3 GHG emissions (tonnes of CO2 Eq) (market based) | 5,928,419 | 7,175,760 | 21% |
Total Scope 1, 2 and 3 GHG intensity per net revenue (Financial statements – section 4.1.1)1 | |||
Total Scope 1, 2 and 3 GHG emissions per net revenue (tonnes of CO2 Eq/US$ million) (location based) | 1,194 | 1,500 | 26% |
Total Scope 1, 2 and 3 GHG emissions per net revenue (tonnes of CO2 Eq/US$ million) (market based) | 1,195 | 1,500 | 26% |
- 1 Including Scope 1, 2 and Scope 3 (Purchased goods and services, Business travel and Downstream Leased Assets) GHG emissions.
Energy offshore
Total (per year) | 2024 (per region) | |||||||
|---|---|---|---|---|---|---|---|---|
2023 | 2024 | Variation (%) | Brazil | Angola | North America & Caribbean | Asia & Equatorial Guinea | Europe | |
Offshore Energy Consumption and Mix – Downstream Leased Assets | ||||||||
Offshore Energy Consumption (GJ) | 64,291,224 | 68,814,919 | 7% | 36,952,711 | 10,091,042 | 15,689,149 | 6,082,017 | 0 |
Offshore Energy Consumption (MWh) | 17,858,673 | 19,115,255 | 7% | 10,264,642 | 2,803,067 | 4,358,097 | 1,689,449 | 0 |
Offshore Energy Consumption by source – Downstream Leased Assets | ||||||||
Energy consumption from fossil sources | 19,115,255 | 10,264,642 | 2,803,067 | 4,358,097 | 1,689,449 | 0 | ||
(a) fuel consumption from coal and coal products (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
(b) fuel consumption from crude oil and petroleum products (MWh) | 443,214 | 575,406 | 30% | 372,718 | 94,166 | 26,185 | 82,337 | 0 |
(c) fuel consumption from natural gas (MWh) | 17,163,722 | 18,539,850 | 8% | 9,891,924 | 2,708,901 | 4,331,912 | 1,607,113 | 0 |
(d) fuel consumption from other fossil sources (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
Energy consumption from nuclear sources (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
Energy consumption from renewable sources (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
(a) fuel consumption for renewable sources (MWh)1 | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
(c) consumption of self-generated non-fuel renewable energy (MWh) | 0 | 0 | 0% | 0 | 0 | 0 | 0 | 0 |
Share of fossil sources (%) | 100% | 100% | 100% | 100% | 100% | 0% | ||
Share of renewable sources (%) | 0% | 0% | 0% | 0% | 0% | 0% | ||
Offshore Energy Production – Downstream Leased Assets | ||||||||
Non-renewable energy production (MWh) | 19,115,255 | 10,264,642 | 2,803,067 | 4,358,097 | 1,689,449 | 0 | ||
Renewable energy production (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | ||
Offshore Energy Intensity per Net Revenue – Downstream Leased Assets (Financial statements – section 4.1.1) | ||||||||
Energy intensity per net revenue (MWh/US$ million) | 3,598 | 3,996 | 11% | 2,146 | 586 | 911 | 353 | 0 |
- 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
Energy onshore breakdown per region
Total (per year) | 2024 (per region) | |||||||
|---|---|---|---|---|---|---|---|---|
2023 | 2024 | Variation (%) | Brazil | Angola | North America & Caribbean | Asia & Equatorial Guinea | Europe | |
Onshore Energy Consumption and Mix | ||||||||
Onshore Energy Consumption (GJ) | 27,821 | 25,537 | (8%) | 2,392 | 2,780 | 4,003 | 3,791 | 12,571 |
Onshore Energy Consumption (MWh) | 7,728 | 7,094 | (8%) | 665 | 772 | 1,112 | 1,053 | 3,492 |
Onshore Energy Consumption by source | ||||||||
Energy consumption from fossil sources | 2,479 | 0 | 772 | 908 | 155 | 644 | ||
(a) fuel consumption from coal and coal products (MWh) | 0 | 0 | 0 | 0 | 0 | |||
(b) fuel consumption from crude oil and petroleum products (MWh) | 0 | 0 | 0 | 0 | 0 | |||
(c) fuel consumption from natural gas (MWh) | 644 | 0 | 0 | 0 | 0 | 644 | ||
(d) fuel consumption from other fossil sources (MWh) | 121 | 0 | 116 | 0 | 5 | 0 | ||
(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh) | 1,714 | 0 | 656 | 908 | 150 | 0 | ||
Energy consumption from nuclear sources (MWh) | 0 | 0 | 0 | 0 | 0 | |||
Energy consumption from renewable sources (MWh) | 2,926 | 4,615 | 58% | 665 | 0 | 204 | 898 | 2,848 |
(a) fuel consumption for renewable sources (MWh)1 | 0 | 0 | 0 | 0 | 0 | |||
(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh) | 4,412 | 665 | 0 | 90 | 898 | 2,760 | ||
(c) consumption of self-generated non-fuel renewable energy (MWh) | 201 | 202 | 0 | 0 | 114 | 0 | 88 | |
Share of fossil sources (%) | 35% | 0% | 100% | 82% | 15% | 18% | ||
Share of renewable sources (%) | 65% | 100% | 0% | 18% | 85% | 82% | ||
Onshore Energy Production | ||||||||
Non-renewable energy production (MWh) | 0 | 0 | 0 | 0 | 0 | |||
Renewable energy production (MWh) | 202 | 0 | 0 | 114 | 0 | 88 | ||
Onshore Energy Intensity per Net Revenue (Financial statements –section 4.1.1) | ||||||||
Energy intensity per net revenue (MWh/US$ million) | 1.5 | 0.1 | 0.2 | 0.2 | 0.2 | 0.7 | ||
- 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
Energy onshore breakdown per office country
2024 (per office country) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Brazil | Angola | United States of America | Guyana | China | India | Singapore | Equatorial Guinea | Malaysia | the Netherlands | Switzerland | Monaco | France | Portugal | |
Onshore Energy Consumption and Mix | ||||||||||||||
Onshore Energy Consumption (GJ) | 2,392 | 2,780 | 378 | 3,624 | 155 | 2,478 | 52 | 539 | 567 | 5,587 | 170 | 3,016 | 2,643 | 1,156 |
Onshore Energy Consumption (MWh) | 665 | 772 | 105 | 1007 | 43 | 688 | 14 | 150 | 158 | 1552 | 47 | 838 | 734 | 321 |
Onshore Energy Consumption by source | ||||||||||||||
Energy consumption from fossil sources | 0 | 772 | 15 | 892 | 0 | 5 | 0 | 150 | 0 | 425 | 0 | 0 | 219 | 0 |
(a) fuel consumption from coal and coal products (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
(b) fuel consumption from crude oil and petroleum products (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
(c) fuel consumption from natural gas (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 425 | 0 | 0 | 219 | 0 |
(d) fuel consumption from other fossil sources (MWh) | 0 | 116 | 0 | 0 | 0 | 4.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh) | 0 | 656 | 15 | 892 | 0 | 0 | 0 | 150 | 0 | 0 | 0 | 0 | 0 | 0 |
Energy consumption from nuclear sources (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Energy consumption from renewable sources (MWh) | 665 | 0 | 90 | 114 | 43 | 683 | 14 | 0 | 158 | 1127 | 47 | 838 | 515 | 321 |
(a) fuel consumption for renewable sources (MWh)1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh) | 665 | 90 | 43 | 683 | 14 | 158 | 1,127 | 47 | 750 | 515 | 321 | |||
(c) consumption of self-generated non-fuel renewable energy (MWh) | 0 | 0 | 0 | 114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88 | 0 | 0 |
Share of fossil sources (%) | 0% | 100% | 14% | 100% | 0% | 0% | 0% | 100% | 0% | 26% | 0% | 0% | 36% | 0% |
Share of renewable sources (%) | 100% | 0% | 86% | 0% | 100% | 100% | 100% | 0% | 100% | 74% | 100% | 100% | 64% | 100% |
Onshore Energy Production | ||||||||||||||
Non-renewable energy production (MWh) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Renewable energy production (MWh) | 0 | 0 | 0 | 114 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88 | 0 | 0 |
Onshore Energy Intensity per Net Revenue (Financial statements – section 4.1.1) | ||||||||||||||
Energy intensity per net revenue (MWh/US$ million) | 0.1 | 0.2 | 0 | 0.2 | 0 | 0.1 | 0 | 0 | 0 | 0.3 | 0 | 0.2 | 0.2 | 0.1 |
- 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.
Energy total
Total (per year) | 2024 (per region) | |||||||
|---|---|---|---|---|---|---|---|---|
2023 | 2024 | Variation (%) | Brazil | Angola | North America & Caribbean | Asia & Equatorial Guinea | Europe | |
Total Energy Consumption and Mix – Offshore Downstream Leased Assets + Onshore | ||||||||
Total Energy Consumption (GJ) | 64,291,224 | 68,840,456 | 7% | 36,955,103 | 10,093,822 | 15,693,152 | 6,085,808 | 12,571 |
Total Energy Consumption (MWh) | 17,858,673 | 19,122,349 | 7% | 10,265,307 | 2,803,839 | 4,359,209 | 1,690,502 | 3,492 |
Total Energy Consumption by source – Offshore Downstream Leased Assets + Onshore | ||||||||
Total energy consumption from fossil sources (MWh) | 19,117,734 | 10,264,642 | 2,803,839 | 4,359,005 | 1,689,604 | 644 | ||
(a) fuel consumption from coal and coal products (MWh) | ||||||||
(b) fuel consumption from crude oil and petroleum products (MWh) | 575,406 | 372,718 | 94,166 | 26,185 | 82,337 | 0 | ||
(c) fuel consumption from natural gas (MWh) | 18,540,494 | 9,891,924 | 2,708,901 | 4,331,912 | 1,607,113 | 644 | ||
(d) fuel consumption from other fossil sources (MWh) | ||||||||
(e) consumption of purchased or acquired electricity, heat, steam, or cooling from fossil sources (MWh) | 1,714 | 0 | 656 | 908 | 150 | 0 | ||
Total energy consumption from nuclear sources (MWh) | ||||||||
Total energy consumption from renewable sources (MWh) | 2,926 | 4,615 | 58% | 665 | 0 | 204 | 898 | 2848 |
(a) fuel consumption for renewable sources (MWh)1 | 0 | 0 | 0 | 0 | 0 | 0 | ||
(b) consumption of purchased or acquired electricity, heat, steam, and cooling from renewable sources (MWh) | 4,412 | 665 | 0 | 90 | 898 | 2760 | ||
(c) consumption of self-generated non-fuel renewable energy (MWh) | 202 | 0 | 0 | 114 | 0 | 88 | ||
Share of fossil sources (%) | 100% | 100% | 100% | 100% | 100% | 18% | ||
Share of renewable sources (%) | 0% | 0% | 0% | 0% | 0% | 82% | ||
Total Energy Production – Offshore Downstream Leased Assets + Onshore | ||||||||
Total non-renewable energy production (MWh) | 19,115,255 | 10,264,642 | 2,803,067 | 4,358,097 | 1,689,449 | 0 | ||
Total renewable energy production (MWh) | 202 | 0 | 0 | 114 | 0 | 88 | ||
Total Energy Intensity per Net Revenue – Offshore Downstream Leased Assets + Onshore (Financial statements – section 4.1.1) | ||||||||
Total Energy intensity per net revenue (MWh/US$ million) | 3,997 | 2,146 | 586 | 911 | 353 | 1 | ||
- 1 Fuel consumption for renewable sources including biomass, biofuels, biogas, hydrogen from renewable sources, etc.