Coterra Energy
Coterra Energy, a prominent player in the energy sector, is headquartered in the United States and operates primarily in key regions such as the Permian Basin and the Eagle Ford Shale. Founded in 2021 through the merger of Cimarex Energy and Cabot Oil & Gas, Coterra has quickly established itself as a leader in the exploration and production of oil and natural gas. The company focuses on sustainable energy solutions, offering a diverse portfolio that includes conventional and unconventional resource extraction. Coterra's commitment to innovation and operational efficiency sets it apart in a competitive market, enabling it to deliver reliable energy while prioritising environmental stewardship. With a strong market position, Coterra Energy continues to achieve significant milestones, reinforcing its reputation as a forward-thinking energy provider.
DitchCarbon Score
How does Coterra Energy'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 Gas/Diesel Oil 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
Coterra Energy's score of 16 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coterra Energy's reported carbon emissions
Coterra Energy, headquartered in the US, reported its carbon emissions for 2023 at approximately 1,358,410,000 kg CO2e for Scope 1 emissions and about 248,029,000 kg CO2e for Scope 2 emissions. This marks a significant reduction from previous years, with Scope 1 emissions decreasing from about 1,546,915,000 kg CO2e in 2022 and Scope 2 emissions from approximately 168,643,000 kg CO2e. In 2022, Coterra's total emissions included approximately 238,808,000 kg CO2e from Scope 3, indicating a comprehensive approach to tracking emissions across all scopes. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Coterra's emissions intensity has also shown improvement, with a reported greenhouse gas emissions intensity of 4,560 kg CO2e per tonne in 2023, down from 5,470 kg CO2e per tonne in 2022. This trend reflects the company's ongoing efforts to enhance operational efficiency and reduce greenhouse gas emissions. Overall, while Coterra Energy has made strides in reducing its carbon emissions, further details on specific reduction targets or climate pledges remain unspecified.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,171,754,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 000,000,000 | 00,000,000 | 000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 | - |
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.
Coterra Energy is not participating in any of the initiatives that 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.
