Apache Corporation, a prominent player in the energy sector, is headquartered in the United States, with significant operations in regions such as the Permian Basin and the North Sea. Founded in 1954, Apache has established itself as a leader in the exploration and production of oil and natural gas, consistently innovating to enhance its operational efficiency. The company is renowned for its commitment to sustainable practices and advanced technologies, which set its core services apart in a competitive market. Apache's strategic focus on high-quality assets and its robust portfolio of exploration projects have solidified its position as a key contributor to the global energy landscape. With a history marked by significant milestones, Apache Corporation continues to drive progress in the industry while prioritising environmental stewardship.
How does Apache Corporation'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.
Mean score of companies in the Crude Oil Extraction 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.
Apache Corporation's score of 3 is lower than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, Apache Corporation has not disclosed specific carbon emissions figures for recent years. However, historical data indicates a trend in greenhouse gas emissions intensity. In 2019, the global greenhouse gas emissions intensity was approximately 20,500 kg CO2e per Mboe, while in 2018, it was about 22,200 kg CO2e per Mboe. This suggests a slight reduction in emissions intensity over the years. The company has reported global methane emissions intensity figures as well, with a notable decrease from about 0.0063% in 2015 to approximately 0.0037% in 2019. This reduction reflects Apache's ongoing efforts to mitigate its environmental impact. Despite these achievements, Apache Corporation has not set specific reduction targets or disclosed any climate pledges, indicating a potential area for improvement in their climate commitments. The absence of detailed Scope 1, 2, or 3 emissions data further highlights the need for enhanced transparency in their sustainability reporting. Overall, while Apache Corporation shows some progress in reducing emissions intensity, a clearer commitment to specific reduction targets would strengthen its climate strategy.
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.
Apache Corporation is not participating in any of the initiatives that 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.