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 32 is higher than 97% 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 2,515,939,000 kg CO2e, comprising 1,560,930,000 kg CO2e from Scope 1 emissions and 953,809,000 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions for this year. Over recent years, Diamondback has made significant strides in reducing its carbon footprint. From 2019 to 2022, the company committed to a 46% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. This commitment also extends to a 46% reduction in Scope 3 emissions related to purchased goods and services and the use of sold products within the same timeframe. The company’s emissions intensity has shown a downward trend, with Scope 1 emissions intensity reported at 9,400 kg CO2e per unit of activity in 2023, down from 15,100 kg CO2e in 2019. This reflects Diamondback's ongoing efforts to align with industry standards and climate commitments aimed at mitigating climate change impacts. Overall, Diamondback Energy is actively working towards its ambitious climate targets, demonstrating a commitment to sustainability and responsible energy production.
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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 | 000,000,000 |
| Scope 3 | - | - | - | 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 committed to some 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.
