Coterra Energy, a prominent player in the gas and diesel oil industry, is headquartered in the United States. Founded in 2021, the company emerged from the merger of Cimarex Energy and Cabot Oil & Gas, marking a significant milestone in the energy sector. Coterra operates primarily in key regions such as the Permian Basin and the Marcellus Shale, focusing on the exploration and production of oil and natural gas.
Coterra Energy distinguishes itself through its commitment to sustainable practices and innovative technologies, ensuring efficient resource extraction while minimising environmental impact. With a strong market position, the company has garnered recognition for its operational excellence and strategic growth initiatives, solidifying its reputation as a leader in the energy landscape.
+2 vs industry average
Coterra Energy’s score of 21 is lower than 45% 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
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Coterra Energy's reported carbon emissions
Coterra Energy, headquartered in the US and operating in the Gas/Diesel Oil industry, reported significant carbon emissions across Scope 1 and Scope 2 for recent years. In 2023, the company's Scope 1 emissions totalled approximately 1.36 billion kg CO2e, with Scope 2 emissions at about 248 million kg CO2e. This represents a notable decrease from 2022, when Scope 1 emissions were approximately 1.55 billion kg CO2e and Scope 2 emissions were around 169 million kg CO2e.
Further back, in 2021, Coterra's Scope 1 emissions were approximately 1.52 billion kg CO2e and Scope 2 emissions were about 96 million kg CO2e. Prior to that, in 2020, Scope 1 emissions stood at approximately 1.83 billion kg CO2e, with Scope 2 emissions at approximately 136 million kg CO2e. The company did not report Scope 3 emissions data for these years.
Coterra Energy has demonstrated a commitment to reducing its environmental impact. Between 2019 and 2023, the company achieved an approximate 37% reduction in absolute Scope 1 CO2 emissions. For 2023, their Scope 1 greenhouse gas emissions intensity target range was between 4.96 and 5.42 metric tons CO2e per Gross Mboe Produced. Furthermore, Coterra is working towards increasing its use of electric compressor units, with plans to have 22 in service by the end of 2024, contributing to Scope 1 emissions reduction.
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Coterra Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Coterra Energy
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