Crescent Energy
Crescent Energy Company, commonly referred to as Crescent Energy, is a prominent player in the US energy sector, headquartered in Houston, Texas. Founded in 2020, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and development of high-quality assets in key operational regions, including the Permian Basin and the Eagle Ford Shale. Crescent Energy's core offerings encompass exploration, production, and asset management, distinguished by a commitment to sustainable practices and innovative technologies. The company has achieved significant milestones in a short span, positioning itself as a competitive force in the market. With a strong emphasis on operational efficiency and environmental stewardship, Crescent Energy continues to enhance its reputation as a responsible energy provider, dedicated to meeting the evolving needs of the industry.
DitchCarbon Score
How does Crescent 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 from Other Sources 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
Crescent Energy's score of 15 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Crescent Energy's reported carbon emissions
Crescent Energy, headquartered in the US, reported significant carbon emissions in recent years. In 2022, the company emitted approximately 1,123,252,000 kg CO2e from Scope 1 emissions, which include direct emissions from operations, and about 857,825,000 kg CO2e from Scope 2 emissions, related to energy consumption. This brought their total Scope 1 and 2 emissions to around 1,981,077,000 kg CO2e. In 2021, emissions were notably higher, with Scope 1 emissions reaching approximately 1,358,082,000 kg CO2e and Scope 2 emissions at about 710,186,000 kg CO2e, resulting in a total of around 2,068,268,000 kg CO2e. The previous year, 2020, saw Scope 1 emissions of about 452,016,000 kg CO2e and Scope 2 emissions of approximately 533,269,000 kg CO2e, culminating in total emissions of around 985,285,000 kg CO2e. Despite these figures, Crescent Energy has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while the company is aware of its emissions, it has yet to establish formalised strategies for significant reductions. The company operates within the mineral fuels and oils sector, which is under increasing scrutiny for its environmental impact, highlighting the importance of future commitments to sustainability and emissions reduction.
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Get Started| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 452,016,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 533,269,000 | 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.
Crescent 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.
