Qatar Petroleum
Qatar Petroleum is a state-owned fully integrated oil and gas company headquartered in Qatar. In 2020, it had USD 29.76 billion in revenue and a reported 8,536 employees in 2019*. Qatar Petroleum has large gas-to-liquids operations. The company aims to grow the gas share in its portfolio to at least 90% by 2030 and to almost double its LNG production by 2027.
- Ranking position
- #33 /100
- Total score
- 14.5 /100
- Performance score
- 1.1 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Qatar Petroleum receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company’s scope 1 and 2 emissions reduction targets do not demonstrate the ambition required by its 1.5°C pathway.
Qatar Petroleum is planning to develop 2-4 GW of renewable energy by 2030 and to increase its CCS capacity, indicating its increased focus on climate change. However, it is unclear whether the company will use renewable energy to only power its own operations or also develop it as a product that can help transition the company’s sold product mix to one that is more compatible with the low-carbon economy.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Doha, Qatar
- Group revenue
- (2019) QAR 108,331,608,000 (USD 29.76 billion)
- Ownership structure
- State owned
- Number of employees
- 8,536
- Scope of activity
- Fully integrated
- Website
- https://qp.com.qa/en/Pages/Home.aspx