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 22 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Centennial Resource Development's reported carbon emissions
In 2022, Centennial Resource Development reported total carbon emissions of approximately 3,550,000 kg CO2e. The breakdown of these emissions includes Scope 1 emissions at about 2,507,567,000 kg CO2e, which primarily stem from stationary combustion and fugitive emissions. Scope 2 emissions were reported at approximately 66,000 kg CO2e, while Scope 3 emissions totalled around 2,953,000 kg CO2e, with significant contributions from upstream leased assets and business travel. Comparatively, in 2021, the company recorded total emissions of about 3,600,000 kg CO2e, with Scope 1 emissions at approximately 1,809,851,000 kg CO2e and Scope 2 emissions at around 67,000 kg CO2e. Notably, there is a lack of specific reduction targets or climate pledges from Centennial Resource Development, indicating that while emissions data is available, the company has not publicly committed to specific reduction initiatives or science-based targets. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Centennial Resource Development, LLC. The company operates within the US and is focused on the oil and gas sector, which is under increasing scrutiny for its environmental impact.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 2,756,695,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 254,867,000 | 00,000,000 | 00,000 | 00,000 | 000,000 |
| Scope 3 | 32,958,640,000 | - | - | - | 0,000,000 |
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 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.
