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Total score ACT Core social indicators Just transition

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WBA's Oil and Gas Benchmark 2023 presents a ranking of 100 keystone oil and gas companies based on an Assessing low-Carbon Transition (ACT) assessment and a social assessment comprising Core Social and Just Transition Indicators.

The ACT assessments measure the companies’ degree of alignment to the low-carbon transition, in line with the 1.5°C Paris Agreement temperature goal. The social assessments measure whether the companies are transitioning in a just and equitable way.

Details of how WBA integrates the two assessments to calculate the total score can be found in the WBA Oil and Gas 2023 methodology report.

In 2021, the Oil and Gas Benchmark assessed 100 keystone companies. For the 2023 assessment, it is important to note that the benchmark includes 99 companies. In 2022, BHP’s petroleum business merged with Woodside Energy. As BHP no longer operates in the oil and gas sector, its assessment has not been completed. In addition, the activities formerly under BHP’s petroleum business have not been included in the assessment of Woodside Energy as information was not available at the time of assessment.

Ranking overview

99 companies

Total score out of 100 ACT out of 60 Core social indicators out of 20 Just transition out of 20
1 Neste
Total score 56.0 /100
ACT 40.4 /60
Core social indicators 15.0 /20
Just transition 0.6 /20
2 ENGIE
Total score 49.6 /100
ACT 34.3 /60
Core social indicators 9.0 /20
Just transition 6.3 /20
3 TotalEnergies
Total score 45.3 /100
ACT 19.4 /60
Core social indicators 16.5 /20
Just transition 9.4 /20
4 Naturgy Energy
Total score 43.9 /100
ACT 26.0 /60
Core social indicators 8.5 /20
Just transition 9.4 /20
5 Eni
Total score 42.2 /100
ACT 18.1 /60
Core social indicators 16.0 /20
Just transition 8.1 /20
6 Origin Energy
Total score 41.8 /100
ACT 24.9 /60
Core social indicators 7.5 /20
Just transition 9.4 /20
7 Galp Energia
Total score 37.1 /100
ACT 24.7 /60
Core social indicators 8.0 /20
Just transition 4.4 /20
8 Repsol
Total score 33.7 /100
ACT 14.4 /60
Core social indicators 15.5 /20
Just transition 3.8 /20
9 SK Innovation
Total score 32.6 /100
ACT 15.6 /60
Core social indicators 9.5 /20
Just transition 7.5 /20
10 OMV
Total score 31.8 /100
ACT 15.7 /60
Core social indicators 10.5 /20
Just transition 5.6 /20
11 Shell
Total score 31.7 /100
ACT 14.3 /60
Core social indicators 13.0 /20
Just transition 4.4 /20
12 bp
Total score 31.1 /100
ACT 13.1 /60
Core social indicators 10.5 /20
Just transition 7.5 /20
13 Equinor
Total score 29.6 /100
ACT 15.0 /60
Core social indicators 14.0 /20
Just transition 0.6 /20
14 Compania Espanola de Petroleos (CEPSA)
Total score 29.3 /100
ACT 17.9 /60
Core social indicators 9.5 /20
Just transition 1.9 /20
15 Cosmo Energy
Total score 25.7 /100
ACT 18.9 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
16 PTT
Total score 25.4 /100
ACT 10.6 /60
Core social indicators 13.5 /20
Just transition 1.3 /20
17 Petrobras
Total score 25.3 /100
ACT 10.7 /60
Core social indicators 11.5 /20
Just transition 3.1 /20
18 Santos
Total score 24.6 /100
ACT 11.7 /60
Core social indicators 6.0 /20
Just transition 6.9 /20
19 Marathon Petroleum
Total score 24.2 /100
ACT 12.1 /60
Core social indicators 6.5 /20
Just transition 5.6 /20
20 Viva Energy
Total score 22.7 /100
ACT 10.7 /60
Core social indicators 7.0 /20
Just transition 5.0 /20
21 Ecopetrol
Total score 22.5 /100
ACT 5.0 /60
Core social indicators 15.0 /20
Just transition 2.5 /20
- Inpex
Total score 22.5 /100
ACT 11.4 /60
Core social indicators 10.5 /20
Just transition 0.6 /20
23 Sasol
Total score 22.4 /100
ACT 4.4 /60
Core social indicators 10.5 /20
Just transition 7.5 /20
24 Rosneft
Total score 22.2 /100
ACT 2.6 /60
Core social indicators 14.0 /20
Just transition 5.6 /20
25 ENEOS
Total score 21.3 /100
ACT 11.4 /60
Core social indicators 8.0 /20
Just transition 1.9 /20
26 Lukoil
Total score 21.0 /100
ACT 11.7 /60
Core social indicators 8.0 /20
Just transition 1.3 /20
27 MOL Magyar Olajes Gazipari Nyrt
Total score 20.9 /100
ACT 11.1 /60
Core social indicators 8.5 /20
Just transition 1.3 /20
28 ConocoPhillips
Total score 20.4 /100
ACT 11.3 /60
Core social indicators 8.5 /20
Just transition 0.6 /20
29 Chevron
Total score 19.7 /100
ACT 10.3 /60
Core social indicators 7.5 /20
Just transition 1.9 /20
30 Ampol
Total score 19.5 /100
ACT 10.1 /60
Core social indicators 7.5 /20
Just transition 1.9 /20
31 Occidental Petroleum
Total score 19.4 /100
ACT 11.4 /60
Core social indicators 5.5 /20
Just transition 2.5 /20
32 Idemitsu Kosan
Total score 18.4 /100
ACT 11.4 /60
Core social indicators 7.0 /20
Just transition 0.0 /20
33 Ultrapar
Total score 18.3 /100
ACT 10.3 /60
Core social indicators 8.0 /20
Just transition 0.0 /20
34 Cenovus Energy
Total score 18.2 /100
ACT 10.3 /60
Core social indicators 6.0 /20
Just transition 1.9 /20
35 Woodside Energy
Total score 17.6 /100
ACT 3.0 /60
Core social indicators 11.5 /20
Just transition 3.1 /20
36 Suncor Energy
Total score 17.3 /100
ACT 11.3 /60
Core social indicators 6.0 /20
Just transition 0.0 /20
37 KazMunayGas
Total score 17.1 /100
ACT 8.6 /60
Core social indicators 6.0 /20
Just transition 2.5 /20
38 Marathon Oil
Total score 17.0 /100
ACT 10.7 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
39 Exxon Mobil
Total score 16.7 /100
ACT 10.9 /60
Core social indicators 4.5 /20
Just transition 1.3 /20
- YPF
Total score 16.7 /100
ACT 9.7 /60
Core social indicators 7.0 /20
Just transition 0.0 /20
41 Hess
Total score 16.4 /100
ACT 4.9 /60
Core social indicators 9.0 /20
Just transition 2.5 /20
42 PKN Orlen
Total score 16.1 /100
ACT 11.1 /60
Core social indicators 2.5 /20
Just transition 2.5 /20
43 Saras
Total score 16.0 /100
ACT 10.0 /60
Core social indicators 3.5 /20
Just transition 2.5 /20
44 Helleniq Energy
Total score 15.7 /100
ACT 10.9 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
45 CPC
Total score 15.4 /100
ACT 10.9 /60
Core social indicators 2.0 /20
Just transition 2.5 /20
46 Naftogaz
Total score 15.2 /100
ACT 8.3 /60
Core social indicators 5.0 /20
Just transition 1.9 /20
47 Canadian Natural Resources
Total score 15.2 /100
ACT 9.9 /60
Core social indicators 4.0 /20
Just transition 1.3 /20
48 Reliance Industries
Total score 13.7 /100
ACT 8.7 /60
Core social indicators 2.5 /20
Just transition 2.5 /20
49 Bharat Petroleum
Total score 13.6 /100
ACT 9.1 /60
Core social indicators 2.0 /20
Just transition 2.5 /20
50 PETRONAS
Total score 13.5 /100
ACT 3.1 /60
Core social indicators 8.5 /20
Just transition 1.9 /20
51 China Petroleum and Chemical Corporation Limited (Sinopec)
Total score 13.1 /100
ACT 9.1 /60
Core social indicators 1.5 /20
Just transition 2.5 /20
- Petroleum Development Oman
Total score 13.1 /100
ACT 8.7 /60
Core social indicators 2.5 /20
Just transition 1.9 /20
53 Valero Energy
Total score 12.1 /100
ACT 2.3 /60
Core social indicators 8.5 /20
Just transition 1.3 /20
54 Türkiye Petrol Rafinerileri
Total score 11.8 /100
ACT 2.9 /60
Core social indicators 7.0 /20
Just transition 1.9 /20
55 Pioneer Natural Resources
Total score 11.6 /100
ACT 6.0 /60
Core social indicators 5.0 /20
Just transition 0.6 /20
56 Chesapeake Energy
Total score 11.4 /100
ACT 5.9 /60
Core social indicators 5.5 /20
Just transition 0.0 /20
57 Tatneft
Total score 10.9 /100
ACT 4.1 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
58 Novatek
Total score 10.4 /100
ACT 2.0 /60
Core social indicators 6.5 /20
Just transition 1.9 /20
59 California Resources Corporation
Total score 10.2 /100
ACT 3.4 /60
Core social indicators 5.5 /20
Just transition 1.3 /20
60 EOG Resources
Total score 9.6 /100
ACT 3.3 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
61 Targa Resources
Total score 9.2 /100
ACT 1.9 /60
Core social indicators 6.0 /20
Just transition 1.3 /20
62 Saudi Aramco
Total score 9.1 /100
ACT 3.1 /60
Core social indicators 3.5 /20
Just transition 2.5 /20
63 Devon Energy
Total score 9.0 /100
ACT 3.7 /60
Core social indicators 4.0 /20
Just transition 1.3 /20
64 APA Corporation
Total score 8.7 /100
ACT 2.4 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
65 Phillips 66
Total score 8.6 /100
ACT 2.3 /60
Core social indicators 5.0 /20
Just transition 1.3 /20
66 Pertamina
Total score 8.5 /100
ACT 2.0 /60
Core social indicators 6.5 /20
Just transition 0.0 /20
67 Pemex
Total score 7.8 /100
ACT 2.0 /60
Core social indicators 4.5 /20
Just transition 1.3 /20
68 QatarEnergy
Total score 7.2 /100
ACT 1.6 /60
Core social indicators 5.0 /20
Just transition 0.6 /20
69 Oil and Natural Gas Corporation
Total score 6.9 /100
ACT 1.6 /60
Core social indicators 4.0 /20
Just transition 1.3 /20
70 Emirates National Oil Company
Total score 6.4 /100
ACT 2.3 /60
Core social indicators 3.5 /20
Just transition 0.6 /20
- HF Sinclair
Total score 6.4 /100
ACT 1.3 /60
Core social indicators 4.5 /20
Just transition 0.6 /20
72 GAIL (India)
Total score 6.2 /100
ACT 2.6 /60
Core social indicators 3.0 /20
Just transition 0.6 /20
73 China National Offshore Oil
Total score 5.5 /100
ACT 0.7 /60
Core social indicators 3.5 /20
Just transition 1.3 /20
74 China National Petroleum
Total score 5.3 /100
ACT 2.0 /60
Core social indicators 2.0 /20
Just transition 1.3 /20
- IndianOil
Total score 5.3 /100
ACT 1.9 /60
Core social indicators 1.5 /20
Just transition 1.9 /20
76 Enterprise Products Partners
Total score 5.2 /100
ACT 0.6 /60
Core social indicators 4.0 /20
Just transition 0.6 /20
77 Formosa Petrochemical
Total score 5.1 /100
ACT 3.6 /60
Core social indicators 1.5 /20
Just transition 0.0 /20
78 Gazprom
Total score 4.7 /100
ACT 0.9 /60
Core social indicators 2.5 /20
Just transition 1.3 /20
79 Varo Energy
Total score 4.6 /100
ACT 1.1 /60
Core social indicators 3.5 /20
Just transition 0.0 /20
80 GS Holdings
Total score 4.5 /100
ACT 2.0 /60
Core social indicators 2.5 /20
Just transition 0.0 /20
81 Central Energy Fund
Total score 4.3 /100
ACT 1.3 /60
Core social indicators 3.0 /20
Just transition 0.0 /20
- PBF Energy
Total score 4.3 /100
ACT 0.3 /60
Core social indicators 4.0 /20
Just transition 0.0 /20
83 Abu Dhabi National Oil Company
Total score 3.8 /100
ACT 1.0 /60
Core social indicators 1.5 /20
Just transition 1.3 /20
84 NGL Energy Partners
Total score 3.7 /100
ACT 0.7 /60
Core social indicators 3.0 /20
Just transition 0.0 /20
85 Nigerian National Petroleum Corporation
Total score 3.1 /100
ACT 0.6 /60
Core social indicators 2.5 /20
Just transition 0.0 /20
86 Sonangol
Total score 2.9 /100
ACT 0.9 /60
Core social indicators 2.0 /20
Just transition 0.0 /20
87 Kuwait Petroleum Corporation
Total score 2.7 /100
ACT 1.7 /60
Core social indicators 1.0 /20
Just transition 0.0 /20
88 Shaanxi Yanchang Petroleum
Total score 2.0 /100
ACT 0.9 /60
Core social indicators 0.5 /20
Just transition 0.6 /20
- Surgutneftegas
Total score 2.0 /100
ACT 0.9 /60
Core social indicators 0.5 /20
Just transition 0.6 /20
90 Sonatrach
Total score 1.4 /100
ACT 0.9 /60
Core social indicators 0.5 /20
Just transition 0.0 /20
91 SOCAR
Total score 0.9 /100
ACT 0.9 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
92 Petroecuador
Total score 0.7 /100
ACT 0.7 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
93 Egyptian General Petroleum
Total score 0.6 /100
ACT 0.6 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Sinochem Energy
Total score 0.6 /100
ACT 0.6 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
95 TurkmenGaz
Total score 0.4 /100
ACT 0.4 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
96 National Oil Corporation of Libya
Total score 0.3 /100
ACT 0.3 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- Petroleos de Venezuela
Total score 0.3 /100
ACT 0.3 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
98 Basra Oil Company
Total score 0.1 /100
ACT 0.1 /60
Core social indicators 0.0 /20
Just transition 0.0 /20
- National Iranian Oil Company
Total score 0.1 /100
ACT 0.1 /60
Core social indicators 0.0 /20
Just transition 0.0 /20