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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

0.4 /100 #81

Intangible Investment

0.0 /100 #20

Sold products

0.6 /100 #48

Management

31.3 /100 #49

Supplier Engagement

0.0 /100 #57

Client Engagement

0.0 /100 #53

Policy Engagement

40.0 /100 #16

Business Model

0.0 /100 #52

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

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