Schlumberger

Oil & Gas Equipment & Services
SLB
$ 35 4.3
Share price
$ 50 bn
Market Cap
$ 61 bn
Enterprise Value

Carbon footprint

29 Ton
GHG emissions per $ 1 mln investment
0.71x the weighted average for S&P 500
FY2021
How is this calculated?
-11%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-1.7%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Schlumberger aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2019


This target has not been verified as science based according to SBTi
Schlumberger's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -7.1% weighted average for S&P 500
FY2022
How is this calculated?

Schlumberger aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Schlumberger's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Schlumberger's GHG emissions (location-based) (Kt of CO2e)
Schlumberger's Carbon intensity (Tons per 1 USDm)

Schlumberger's carbon footprint

Schlumberger reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,744 Kt (-207 /-10.6% y-o-y). Also positively, carbon intensity declined to 76 t (-6.6 /-8% y-o-y).

Schlumberger's Scope 3 emissions declined to 27,375 Kt (-2,762 /-9.2% y-o-y). The rate of decline has slowed compared to the trend since 4Q'19 (CAGR -14.9%).

The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2019, which translates into the estimated reduction of -30 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -1,004 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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