Abraxas Petroleum Corporation Sustainability Profile
Abraxas Petroleum Corporation, often referred to simply as Abraxas, is a prominent player in the oil and gas industry, headquartered in the United States. Founded in 1977, the company has established a strong presence in key operational regions, including the Permian Basin and the Bakken formation, focusing on the exploration and production of oil and natural gas. Abraxas is renowned for its commitment to efficient resource development and innovative extraction techniques, which set it apart in a competitive market. The company’s core services encompass the acquisition, exploration, and production of hydrocarbons, with a strategic emphasis on maximising asset value. Over the years, Abraxas has achieved significant milestones, solidifying its market position and reputation for operational excellence within the energy sector.
DitchCarbon Score
How does Abraxas Petroleum 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.
Industry Average
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.
Industry Benchmark
Abraxas Petroleum Corporation's score of 5 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Abraxas Petroleum Corporation's reported carbon emissions
Abraxas Petroleum Corporation, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Biglari Holdings Inc., any emissions data would be cascaded from this parent company. However, there are no documented reduction targets or climate pledges from Abraxas Petroleum Corporation at this time. The absence of specific emissions figures indicates a potential gap in transparency regarding their carbon footprint. Without defined targets or commitments, it is challenging to assess their alignment with industry standards for climate action. As the energy sector increasingly prioritises sustainability, Abraxas Petroleum Corporation may need to establish clear climate commitments to enhance its environmental performance and accountability.
How Carbon Intensive is Abraxas Petroleum Corporation's Industry?
How Carbon Intensive is Abraxas Petroleum Corporation's Location?
Abraxas Petroleum Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Abraxas Petroleum Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
