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Civitas Resources
Crude Oil ExtractionUnited KingdomNYSE: CIVI
Last verified 18 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.
15
DitchCarbon score
-1 vs industry average
Civitas Resources’s score of 15 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
0.868
20182025
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2026
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)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
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%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Civitas Resources18 days ago
15
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