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.
0 vs industry average
Coterra Energy’s score of 19 is lower than 41% 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 has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Coterra Energy's reported carbon emissions
Coterra Energy, a US-based company operating in the Gas/Diesel Oil sector, reported its carbon emissions for recent years. In 2023, the company's total Scope 1 and Scope 2 emissions amounted to approximately 1.61 billion kg CO2e. Specifically, Scope 1 emissions were about 1.36 billion kg CO2e, while Scope 2 emissions totalled approximately 248 million kg CO2e. Looking at prior years, Coterra Energy's emissions were: * **2022:** Total Scope 1 and Scope 2 emissions were approximately 1.71 billion kg CO2e, with Scope 1 at about 1.55 billion kg CO2e and Scope 2 at approximately 168.6 million kg CO2e. * **2021:** Total Scope 1 and Scope 2 emissions were around 1.61 billion kg CO2e, comprising about 1.52 billion kg CO2e for Scope 1 and approximately 96.5 million kg CO2e for Scope 2. * **2020:** Total Scope 1 and Scope 2 emissions were approximately 1.97 billion kg CO2e, with Scope 1 at about 1.83 billion kg CO2e and Scope 2 at approximately 136.2 million kg CO2e. * **2019:** The company reported Scope 1 emissions of approximately 2.87 billion kg CO2e. Scope 2 emissions for this year were not provided. Coterra Energy has implemented several initiatives to reduce its environmental impact. Between 2019 and 2023, the company achieved a significant reduction of approximately 37% in its absolute Scope 1 CO2 emissions. Furthermore, Coterra has a near-term target to reduce its Scope 1 GHG emissions intensity. The company also aims to have 22 midstream electric compressor units in service by the end of 2024, contributing to a net-zero strategy for Scope 1 emissions. For Scope 2 emissions, Coterra also has a near-term net-zero target. The company's reported emissions data is not cascaded from a parent organisation.
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Coterra Energy’s Climate Goals (2030 & 2050)
5 goals2023
37% reduction in Scope 1
From 2019 to 2023, Coterra reduced its absolute Scope 1 CO2 emissions by approximately 37%.
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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