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OrganisationsCoterra Energy
Coterra Energy logo

Coterra Energy

Gas/Diesel OilUnited StatesLSE: 0HRZ.L
Last verified 29 days agocoterra.com

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.

19
DitchCarbon score

0 vs industry average

Coterra Energy’s score of 19 is lower than 42% 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

High

Gas/Diesel Oil has above-average carbon intensity

Industry performance

0.245
20192025

The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019

Emissions trajectory 2020 – 2026

0.0B0B0.0B000M0

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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.

Coterra Energy's reported carbon emissions

Coterra Energy, headquartered in the US, has reported its carbon emissions for several years. In 2023, the company's Scope 1 emissions were approximately 1,358,410,000 kg CO2e, and Scope 2 emissions were approximately 248,029,000 kg CO2e. For 2022, Scope 1 emissions stood at approximately 1,546,915,000 kg CO2e, with Scope 2 emissions at approximately 168,643,000 kg CO2e. In 2021, Scope 1 emissions were approximately 1,515,275,000 kg CO2e, and Scope 2 emissions were approximately 96,454,000 kg CO2e. The company's Scope 1 emissions in 2020 were approximately 1,834,657,000 kg CO2e, and Scope 2 emissions were approximately 136,224,000 kg CO2e. In 2019, Coterra reported Scope 1 emissions of approximately 2,869,327,000 kg CO2e, with no Scope 2 data provided. Scope 1 emissions for 2018 were approximately 2,171,754,000 kg CO2e, and no Scope 2 data was reported for that year. Coterra Energy has not disclosed Scope 3 emissions data for the years reported. In terms of climate commitments, Coterra has set near-term reduction targets. Between 2019 and 2023, the company achieved an approximate 37% reduction in absolute Scope 1 CO2 emissions. They also aimed for a Scope 1 GHG emissions intensity target range of 4.96 to 5.42 metric tons CO2e per Gross Mboe Produced for 2023. Additionally, Coterra plans to have 22 midstream electric compressor units in service by the end of 2024, contributing to Scope 1 and Scope 2 emission reductions.

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Coterra Energy’s Climate Goals (2030 & 2050)

5 goals

2023

37% reduction in Scope 1

From 2019 to 2023, Coterra reduced its absolute Scope 1 CO2 emissions by approximately 37%.

On track37%

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%

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Coterra Energy logoCoterra Energy
USGas/Diesel Oil
29 days ago
19
Eqt logoEqt
GBGas/Diesel Oil
12 days ago
74
View
Santos logoSantos
AUGas/Diesel Oil
5 hours ago
69
View
F
FCX Oil & Gas Inc.
USCrude Oil Extraction
22 days ago
29
View
Concho logoConcho
USBusiness Services
15 days ago
26
View
Permian Resources logoPermian Resources
USGas/Diesel Oil
9 days ago
19
View
Southwestern Energy logoSouthwestern Energy
USElectricity from Other Sources
22 days ago
16
View

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