Crescent Energy
Crescent Energy Company, commonly referred to as Crescent Energy, is a prominent player in the US energy sector, headquartered in Houston, Texas. Founded in 2020, the company has quickly established itself in the oil and gas industry, focusing on the acquisition and development of high-quality assets in key operational regions, including the Permian Basin and the Eagle Ford Shale. Crescent Energy's core offerings encompass exploration, production, and asset management, distinguished by a commitment to sustainable practices and innovative technologies. The company has achieved significant milestones in a short span, positioning itself as a competitive force in the market. With a strong emphasis on operational efficiency and environmental stewardship, Crescent Energy continues to enhance its reputation as a responsible energy provider, dedicated to meeting the evolving needs of the industry.
DitchCarbon Score
How does Crescent 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 Electricity from Other Sources 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
Crescent Energy's score of 17 is lower than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Crescent Energy's reported carbon emissions
In 2022, Crescent Energy, headquartered in the United States, reported total carbon emissions of approximately 1,123,252,000 kg CO2e for Scope 1 and 857,825,000 kg CO2e for Scope 2, resulting in combined emissions of about 1,981,077,000 kg CO2e. This marked a reduction from 2021, where emissions were approximately 1,358,082,000 kg CO2e for Scope 1 and 710,186,000 kg CO2e for Scope 2, totalling around 2,068,268,000 kg CO2e. The company has shown a commitment to reducing its carbon footprint, with near-term targets classified as "Committed" under the Science Based Targets initiative (SBTi). Crescent Energy has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations. The company operates within the containers and packaging sector and has not yet committed to a net-zero target. However, it continues to engage in initiatives aimed at reducing its overall emissions intensity, which was reported at 35,200 kg CO2e per barrel of oil equivalent in 2022. Overall, Crescent Energy's emissions data reflects a proactive approach to climate commitments, with ongoing efforts to enhance sustainability practices and reduce carbon emissions in alignment with industry standards.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 452,016,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 533,269,000 | 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.
Crescent Energy is participating in some 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.
