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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.
14
DitchCarbon score
-2 vs industry average
Coterra Energy’s score of 14 is lower than 39% 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
Very High
Gas/Diesel Oil is among the most carbon-intensive industries
Industry performance
0.698
20182025
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2026
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, a US-headquartered Gas/Diesel Oil company, reported its 2023 Scope 1 emissions as approximately 1.36 billion kg CO2e and Scope 2 emissions as approximately 248 million kg CO2e.
Looking back, Coterra Energy's Scope 1 emissions were approximately 1.55 billion kg CO2e in 2022, 1.52 billion kg CO2e in 2021, 1.83 billion kg CO2e in 2020, 2.87 billion kg CO2e in 2019, and 2.17 billion kg CO2e in 2018. Scope 2 emissions were about 169 million kg CO2e in 2022, 96 million kg CO2e in 2021, and 136 million kg CO2e in 2020. Scope 2 data is unavailable for 2019 and 2018. Coterra Energy does not currently disclose Scope 3 emissions.
Coterra Energy has set several climate commitments. The company achieved a significant 37% reduction in absolute Scope 1 CO2 emissions between 2019 and 2023. Additionally, they targeted a Scope 1 Greenhouse Gas emissions intensity range of 4.96 to 5.42 metric tons CO2e per Gross Mboe Produced for 2023, representing a 16.6% reduction from 2022 levels. The company also aims to have 22 midstream electric compressor units in service by the end of 2024 to further address Scope 1 and Scope 2 emissions. All reported emissions data and reduction initiatives are directly from Coterra Energy Inc.
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Coterra Energy’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
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%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Coterra Energy1 month ago
14
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