Concho Sustainability Profile
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 28 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Concho's reported carbon emissions
In 2019, Concho Resources Inc. reported total carbon emissions of approximately 1,429,199,000 kg CO2e. This figure reflects the company's global emissions, with a GHG intensity of about 8,700 kg CO2e per tonne for Scope 1 emissions. The previous year, 2018, saw emissions of around 1,403,345,000 kg CO2e, while in 2017, emissions were approximately 1,231,787,000 kg CO2e, indicating a trend of increasing emissions over these years. Concho has not disclosed specific reduction targets or initiatives, nor does it appear to have set Science-Based Targets Initiative (SBTi) commitments. The absence of detailed climate pledges suggests a need for further transparency regarding their climate strategy. It is important to note that Concho's emissions data is cascaded from its parent company, Concho Resources Inc., which is classified as a current subsidiary. This relationship may influence the overall emissions reporting and climate commitments of the organisation.
How Carbon Intensive is Concho's Industry?
How Carbon Intensive is Concho's Location?
Concho's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Concho has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
