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 13 is lower than 51% 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
Centennial Resource Development, headquartered in the US, reported significant carbon emissions in recent years. In 2021, the company emitted approximately 4,307,890,000 kg CO2e, with Scope 1 emissions accounting for about 2,751,761,000 kg CO2e and Scope 2 emissions at approximately 3,011,562,000 kg CO2e. The Scope 3 emissions were notably lower at around 4,305,000,000 kg CO2e. In 2020, emissions were approximately 2,811,145,000 kg CO2e, with Scope 1 emissions at about 527,489,000 kg CO2e and Scope 2 emissions at approximately 60,136,000 kg CO2e. The Scope 3 emissions for that year were around 28,111,445,000 kg CO2e. The trend continued in 2019, where total emissions reached about 2,584,164,800 kg CO2e, with Scope 1 emissions at approximately 772,063,000 kg CO2e and Scope 2 emissions at around 39,838,000 kg CO2e. The Scope 3 emissions were significantly higher at about 25,841,648,000 kg CO2e. In 2018, Centennial's total emissions were approximately 32,958,640,000 kg CO2e, with Scope 1 emissions at about 389,341,000 kg CO2e and Scope 2 emissions at approximately 254,867,000 kg CO2e. Despite these substantial emissions figures, there are currently no publicly disclosed reduction targets or climate pledges from Centennial Resource Development. The company operates in a challenging industry context, where carbon emissions are a critical concern, and many companies are increasingly committing to ambitious climate goals.
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| 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.
