Chord Energy
Chord Energy Corporation, headquartered in the United States, is a prominent player in the energy sector, specialising in the exploration and production of oil and natural gas. Founded in 2022, the company has quickly established itself in key operational regions, particularly in the Williston Basin, where it focuses on leveraging advanced technologies to optimise resource extraction. With a commitment to sustainability and innovation, Chord Energy offers unique services that enhance operational efficiency while minimising environmental impact. The company’s strategic approach has positioned it as a leader in the industry, achieving significant milestones in production growth and resource management. As it continues to expand its footprint, Chord Energy remains dedicated to delivering reliable energy solutions that meet the evolving needs of the market.
DitchCarbon Score
How does Chord Energy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity Transmission industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chord Energy's score of 18 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Chord Energy's reported carbon emissions
In 2023, Chord Energy reported total carbon emissions of approximately 1,500,209,000 kg CO2e for Scope 1, which includes direct emissions from their operations. Additionally, their Scope 2 emissions amounted to about 282,658,000 kg CO2e, representing indirect emissions from purchased electricity, steam, heating, and cooling. Over the past few years, Chord Energy has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a reduction in Scope 1 emissions to about 1,588,769,000 kg CO2e, down from approximately 1,751,519,000 kg CO2e in 2021. This trend continued into 2023, indicating a positive trajectory in their emissions management. Despite these reductions, there are currently no specific reduction targets or climate pledges disclosed by Chord Energy, which may limit their accountability in the context of industry standards for climate action. The company has reported Scope 1 methane intensity at 2,900 kg CO2e per tonne in 2023, a significant decrease from previous years, reflecting their efforts to mitigate methane emissions. Overall, while Chord Energy has made strides in reducing its emissions, the absence of formal reduction targets suggests an area for potential improvement in their climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,147,803,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chord Energy is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
