Concho
Concho, officially known as Concho Resources Inc., is a prominent player in the oil and gas industry, headquartered in the United States. Established in 2004, the company has made significant strides in the exploration and production of oil and natural gas, primarily operating in the Permian Basin, a key region for energy resources. Concho is renowned for its innovative approach to resource extraction, focusing on sustainable practices and advanced technology. The company’s core services include drilling, production, and development of oil and gas reserves, which set it apart in a competitive market. With a strong commitment to operational excellence, Concho has achieved notable milestones, including substantial growth in production capacity and strategic acquisitions that enhance its market position.
DitchCarbon Score
How does Concho'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 Business Services 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
Concho's score of 23 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Concho's reported carbon emissions
In 2019, Concho Resources reported total carbon emissions of approximately 1,429,199,000 kg CO2e. This figure represents a slight increase from 2018, when emissions were about 1,403,345,000 kg CO2e, and a further increase from 2017, which saw emissions of approximately 1,231,787,000 kg CO2e. The reported emissions primarily fall under Scope 1, with a GHG intensity of about 8,700 kg CO2e per tonne in 2019, down from 8,800 kg CO2e per tonne in 2018 and 11,500 kg CO2e per tonne in 2017. Despite these figures, Concho has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented climate pledges or commitments suggests that the company may not currently be aligned with industry-standard climate action frameworks such as the Science Based Targets initiative (SBTi). As the industry increasingly focuses on sustainability, Concho's lack of defined climate commitments may impact its reputation and operational strategies moving forward.
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.
Concho 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.
