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OrganisationsCivitas Resources
Civitas Resources logo

Civitas Resources

Crude Oil ExtractionUnited KingdomNYSE: CIVI
Last verified 21 days agocivitasresources.com

Civitas Resources, a prominent player in the energy sector, is headquartered in Great Britain and operates primarily in the United States, focusing on sustainable resource development. Founded in 2021, the company has quickly established itself in the oil and gas industry, emphasising environmentally responsible practices and innovative extraction techniques.

Civitas Resources is dedicated to producing high-quality hydrocarbons while prioritising sustainability, making it a unique contender in the market. The company’s commitment to reducing its carbon footprint and enhancing operational efficiency has garnered attention, positioning it as a leader in the transition towards cleaner energy solutions. With a strong emphasis on community engagement and environmental stewardship, Civitas Resources continues to achieve significant milestones, reinforcing its reputation as a forward-thinking organisation in the energy landscape.

13
DitchCarbon score

-2 vs industry average

Civitas Resources’s score of 13 is lower than 38% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very High

Crude Oil Extraction is among the most carbon-intensive industries

Industry performance

0.356
20192025

The Crude Oil Extraction industry has reduced its overall emissions by 90% since 2019

Emissions trajectory 2020 – 2026

0.0B0.0B0.0B000.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Civitas Resources's reported carbon emissions

In 2023, Civitas Resources reported total carbon emissions of approximately 2.05 billion kg CO2e, comprising 1.92 billion kg CO2e from Scope 1 emissions and about 131 million kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, including a target to achieve a 50% reduction in absolute Scope 1 GHG emissions by 2027, using 2021 as a baseline. Additionally, Civitas aims for an annual fixed reduction of 2.5% in Scope 1 GHG emissions intensity from a 2019 baseline, extending until 2030. Civitas Resources has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. The company's climate initiatives reflect a commitment to reducing their environmental impact while maintaining operational efficiency.

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Civitas Resources’s Climate Goals (2030 & 2050)

2 goals

2027

50% reduction in Scope 1

A 50% reduction of absolute scope 1 GHG emissions by 2027 from a 2021 baseline

Behind target50%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Civitas Resources logoCivitas Resources
GBCrude Oil Extraction
21 days ago
13
Eqt logoEqt
GBGas/Diesel Oil
4 days ago
74
View
Diamondback Energy logoDiamondback Energy
USGas/Diesel Oil
27 days ago
36
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Range Resources logoRange Resources
USNatural Gas Liquids
6 days ago
28
View
California Resources logoCalifornia Resources
USGas/Diesel Oil
16 days ago
22
View
Murphy Oil logoMurphy Oil
USGas/Diesel Oil
14 days ago
21
View
Coterra Energy logoCoterra Energy
USGas/Diesel Oil
2 days ago
19
View

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