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 of services that includes drilling, production, and resource management. Coterra's commitment to innovation and efficiency sets it apart in a competitive market, enabling it to optimise resource extraction while minimising environmental impact. With a strong market position and a dedication to responsible energy practices, Coterra Energy is poised for continued growth and success in the evolving energy landscape.
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 10 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Coterra Energy's reported carbon emissions
In 2023, Coterra Energy reported total carbon emissions of approximately 1,358,410,000 kg CO2e from Scope 1, which includes direct emissions from their operations. Additionally, they recorded Scope 2 emissions of about 248,029,000 kg CO2e, representing indirect emissions from purchased electricity. Over the years, Coterra has shown a trend of decreasing emissions. For instance, in 2019, their Scope 1 emissions peaked at approximately 2,869,327,000 kg CO2e, which has since reduced significantly. By 2022, Scope 1 emissions were about 1,546,915,000 kg CO2e, indicating a substantial reduction in their carbon footprint. Coterra has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, their ongoing efforts to lower emissions are evident in the decreasing trends across the reported years. The company continues to focus on improving its emissions intensity, with figures such as 4,560 kg CO2e per tonne for greenhouse gas emissions intensity in 2023, down from higher values in previous years. Overall, Coterra Energy is actively working towards reducing its carbon emissions, aligning with industry standards for climate responsibility.
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Add to project| 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 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
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 committed to any reduction initiatives 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.
