Diamondback Energy Sustainability Profile
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 34 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Diamondback Energy's reported carbon emissions
In 2023, Diamondback Energy, headquartered in the US, reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,757,044,000 kg CO2e and Scope 2 emissions at about 953,809,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46% by 2030, using 2019 as the baseline year. This target aligns with the Science Based Targets initiative (SBTi) and reflects a commitment to reducing emissions from purchased goods and services as well as the use of sold products. In addition to these targets, Diamondback Energy has also pledged to reduce its Scope 1 GHG intensity by at least 50% from 2019 levels by 2024. The company’s efforts are part of a broader industry trend towards sustainability and emissions reduction, reflecting an increasing recognition of the need for responsible environmental stewardship in the energy sector. Overall, Diamondback Energy's proactive approach to managing its carbon footprint demonstrates a commitment to addressing climate change while continuing to operate within the energy market.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
| Scope 3 | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Diamondback Energy's Industry?
How Carbon Intensive is Diamondback Energy's Location?
Diamondback Energy's Scope 3 Categories Breakdown
Diamondback Energy's Scope 3 emissions, which increased by 16% last year and increased by approximately 16% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Diamondback Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Diamondback Energy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Anadarko Petroleum Corporation
Ovintiv Exploration Inc.
Williams Partners L.P.
Frequently Asked Questions
Common questions about Diamondback Energy's sustainability data and climate commitments