Centennial Resource Development
Centennial Resource Development, often referred to as Centennial, is a prominent player in the oil and gas industry, headquartered in the United States. Founded in 2016, the company has rapidly established itself in key operational regions, particularly in the Permian Basin, where it focuses on the exploration and production of hydrocarbons. Specialising in unconventional oil and natural gas resources, Centennial is recognised for its innovative drilling techniques and commitment to operational efficiency. The company’s unique approach to resource development has positioned it as a leader in the sector, achieving significant milestones in production growth and sustainability practices. With a strong market presence, Centennial Resource Development continues to enhance its reputation through strategic acquisitions and a focus on maximising shareholder value, making it a noteworthy entity in the competitive landscape of energy production.
DitchCarbon Score
How does Centennial Resource Development'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 Salt and Mineral Mining 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
Centennial Resource Development's score of 3 is lower than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Centennial Resource Development's reported carbon emissions
In 2021, Centennial Resource Development reported significant carbon emissions, totalling approximately 2,751,761,000 kg CO2e across all scopes. This included about 2,751,761,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and approximately 3,011,562,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, Scope 3 emissions, which account for the entire value chain, were reported at around 4,305,000,000 kg CO2e. In the preceding years, emissions data showed a trend of fluctuating figures, with Scope 1 emissions at about 527,489,000 kg CO2e in 2020 and 772,063,000 kg CO2e in 2019. Scope 2 emissions were approximately 60,136,000 kg CO2e in 2020 and 39,838,000 kg CO2e in 2019, while Scope 3 emissions were around 28,111,445,000 kg CO2e in 2020 and 25,841,648,000 kg CO2e in 2019. Despite these substantial emissions figures, Centennial Resource Development has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the industry context. As the company continues to operate in a sector under increasing scrutiny for its environmental impact, establishing clear and measurable climate commitments will be essential for aligning with global sustainability goals.
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Add to project| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 389,341,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
| Scope 2 | 254,867,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
| Scope 3 | 32,958,640,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
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.
Centennial Resource Development 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.
