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Crude Oil Extraction
CA
updated a month ago

Baytex Energy

Company website

Baytex Energy Corp., commonly referred to as Baytex, is a prominent Canadian oil and gas company headquartered in Calgary, Alberta. Founded in 1993, Baytex has established itself as a key player in the energy sector, primarily focusing on the exploration, development, and production of oil and natural gas. The company operates mainly in the Western Canadian Sedimentary Basin and the Eagle Ford formation in Texas, showcasing its diverse operational footprint. Baytex is recognised for its commitment to sustainable practices and efficient resource management, offering a range of high-quality crude oil and natural gas products. With a strong emphasis on innovation and operational excellence, Baytex has achieved significant milestones, including strategic acquisitions that have bolstered its market position. As a result, the company continues to be a notable entity in the North American energy landscape, dedicated to delivering value to its stakeholders while prioritising environmental stewardship.

DitchCarbon Score

How does Baytex 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.

8

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.

11

Industry Benchmark

Baytex Energy's score of 8 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.

48%

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Baytex Energy's reported carbon emissions

In 2022, Baytex Energy reported total carbon emissions of approximately 1,091,030,000 kg CO2e, comprising 1,001,008,000 kg CO2e from Scope 1 emissions and 90,022,000 kg CO2e from Scope 2 emissions. The company's GHG emissions intensity for Scope 1 and Scope 2 was about 0.046 kg CO2e per barrel of oil equivalent (boe). For 2023, Baytex Energy maintained a GHG emissions intensity of approximately 43,000 kg CO2e per boe, consistent with its previous reporting. The company has not disclosed any Scope 3 emissions data. Baytex Energy has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for further development in its climate strategy. Overall, Baytex Energy's emissions data reflects its operational impact, with a focus on transparency in reporting, although it currently lacks formalised reduction commitments.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201020112012201420152016201720182019202020212022
Scope 1
-
-
-
00,000,000
00,000,000
000,000,000
000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000,000
Scope 2
179,080,000
000,000,000
00,000,000
-
-
00,000,000
00,000,000
000,000,000
000,000,000
00,000,000
00,000,000
00,000,000
Scope 3
-
-
-
-
-
-
-
-
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Baytex Energy's primary industry is Crude petroleum and services related to crude oil extraction, excluding surveying, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Baytex Energy is in CA, which has a low grid carbon intensity relative to other regions.

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.

Baytex Energy 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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