Diamondback Energy
Diamondback Energy, Inc., a prominent player in the US energy sector, is headquartered in Midland, Texas. Founded in 2007, the company has rapidly established itself as a leader in the exploration and production of oil and natural gas, primarily focusing on the Permian Basin, one of the most prolific oil-producing regions in the country. With a commitment to operational excellence, Diamondback Energy offers a unique portfolio of services that includes drilling, completion, and production of hydrocarbons. The company is recognised for its efficient resource management and innovative technologies, which enhance its competitive edge in the market. Notable achievements include significant production growth and strategic acquisitions that have solidified its position among the top independent oil and gas companies in the US.
DitchCarbon Score
How does Diamondback 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
Diamondback Energy's score of 20 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Diamondback Energy's reported carbon emissions
In 2023, Diamondback Energy reported total carbon emissions of approximately 1,757,044,000 kg CO2e, with Scope 1 emissions accounting for this total. The company also disclosed Scope 2 emissions of about 953,809,000 kg CO2e and Scope 3 emissions related to the use of sold products, which reached approximately 52,453,762,000 kg CO2e. Over the years, Diamondback's emissions have fluctuated significantly. For instance, in 2019, the company recorded Scope 1 emissions of about 1,852,946,000 kg CO2e, alongside Scope 2 emissions of approximately 281,020,000 kg CO2e and Scope 3 emissions of about 45,090,583,000 kg CO2e. By 2022, Scope 1 emissions were around 1,487,280,000 kg CO2e, and Scope 2 emissions were about 674,087,000 kg CO2e, indicating a reduction in direct emissions over time. Despite these figures, Diamondback Energy has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a sector that is increasingly scrutinised for its environmental impact, and while it has made strides in emissions reporting, further commitments may be necessary to align with industry standards and expectations for climate action.
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Get Started| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 174,413,000 | 000,000,000 | 000,000,000 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000,000 | - | - | 00,000,000,000 | 00,000,000,000 |
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.
Diamondback 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.
