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 19 is higher than 71% 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
In 2023, Coterra Energy reported total carbon emissions of approximately 1,358,410,000 kg CO2e for Scope 1 and about 248,029,000 kg CO2e for Scope 2. This marks a significant reduction from 2022, where Scope 1 emissions were approximately 1,546,915,000 kg CO2e and Scope 2 emissions were about 168,643,000 kg CO2e. Over the period from 2019 to 2023, Coterra achieved a notable reduction of approximately 37% in absolute Scope 1 CO2 emissions. Coterra has set ambitious targets for its emissions intensity, aiming for a Scope 1 GHG emissions intensity range of 4.96 to 5.42 metric tons CO2e per gross Mboe produced for 2023, representing a 16.6% reduction. Additionally, the company plans to enhance its sustainability efforts by introducing 22 midstream electric compressor units by the end of 2024, which will contribute to its net-zero ambitions. Coterra's commitment to reducing its carbon footprint is evident in its ongoing initiatives and targets, focusing on both absolute and intensity-based reductions across its operations.
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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 | 000,000,000 |
| 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 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.
