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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.
-4 vs industry average
Coterra Energy’s score of 14 is lower than 33% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Coterra Energy, a US-headquartered company in the Gas/Diesel Oil industry, reported its Scope 1 emissions for 2023 as approximately 1.36 billion kg CO2e and Scope 2 emissions as approximately 248.03 million kg CO2e. There is no publicly disclosed Scope 3 emissions data for 2023.
In 2022, Coterra Energy's Scope 1 emissions were approximately 1.55 billion kg CO2e, and Scope 2 emissions were around 168.64 million kg CO2e. For 2021, Scope 1 emissions were approximately 1.52 billion kg CO2e, with Scope 2 emissions at about 96.45 million kg CO2e.
Looking back, in 2020, the company's Scope 1 emissions stood at approximately 1.83 billion kg CO2e and Scope 2 emissions at about 136.22 million kg CO2e. In 2019, Coterra Energy's Scope 1 emissions were approximately 2.87 billion kg CO2e, with no publicly disclosed Scope 2 or 3 emissions data for that year. In 2018, Scope 1 emissions were approximately 2.17 billion kg CO2e, again with no publicly disclosed Scope 2 or 3 emissions data.
Coterra Energy has made climate commitments including a significant reduction in absolute Scope 1 CO2 emissions by approximately 37% between 2019 and 2023. They also had a 2023 Scope 1 GHG emissions intensity target range of 4.96 to 5.42 metric tons CO2e per Gross Mboe Produced, aiming for a 16.6% reduction from 2022. The company plans to increase its midstream electric compressor units to 22 by the end of 2024 to address both Scope 1 and Scope 2 emissions.
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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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.
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