Diamondback Energy

Diamondback Energy, a US-based company in the Gas/Diesel Oil industry, has reported the following carbon emissions data:

For 2023, Diamondback Energy reported a total of approximately 55.2 billion kg CO2e. This includes Scope 1 emissions of about 1.76 billion kg CO2e, Scope 2 emissions of approximately 954 million kg CO2e, and Scope 3 emissions of about 52.5 billion kg CO2e. The majority of Scope 3 emissions are attributed to the use of sold products.

In 2022, the company's total emissions were approximately 47.2 billion kg CO2e, comprising about 1.49 billion kg CO2e for Scope 1, roughly 674 million kg CO2e for Scope 2, and approximately 45.1 billion kg CO2e for Scope 3 (use of sold products).

Diamondback Energy has set several climate commitments:

• A near-term target to reduce Scope 1 GHG intensity by at least 50% from 2019 levels by 2024.
• A near-term target to reduce Scope 1+2 GHG intensity by at least 50% from 2020 levels by 2030.
• Science-Based Targets initiative (SBTi) commitment to reduce absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 base year.
• SBTi commitment to reduce absolute Scope 3 GHG emissions from purchased goods and services and the use of sold products by 46% by 2030 from a 2019 base year.

The company's emissions data is not cascaded from a parent organisation.