Dril Quip
Dril-Quip, Inc., a leading provider of advanced drilling and production equipment, is headquartered in the United States, with significant operations across key regions including the Gulf of Mexico, Brazil, and the North Sea. Founded in 1987, the company has established itself as a pivotal player in the oil and gas industry, specialising in subsea and surface equipment. Dril-Quip's core offerings include blowout preventers, subsea trees, and wellhead systems, all designed to enhance safety and efficiency in drilling operations. Their innovative technology and commitment to quality have positioned them as a trusted partner for major energy companies worldwide. With a strong market presence and a reputation for reliability, Dril-Quip continues to achieve notable milestones, reinforcing its status as a leader in the energy sector.
DitchCarbon Score
How does Dril Quip'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 Business Services 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
Dril Quip's score of 30 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dril Quip's reported carbon emissions
In 2022, Dril Quip reported total carbon emissions of approximately 310,289,000 kg CO2e. This figure includes Scope 1 emissions of about 4,080,000 kg CO2e, Scope 2 emissions (market-based) of approximately 4,534,000 kg CO2e, and significant Scope 3 emissions totalling around 301,675,000 kg CO2e. The combined Scope 1 and 2 emissions (location-based) amounted to about 12,267,000 kg CO2e. Comparatively, in 2021, the company’s total emissions were about 378,081,000 kg CO2e, with Scope 1 emissions at approximately 3,731,000 kg CO2e, Scope 2 emissions (market-based) at around 8,166,000 kg CO2e, and Scope 3 emissions reaching about 366,184,000 kg CO2e. The total for Scope 1 and 2 (location-based) was about 12,762,000 kg CO2e. In 2020, Dril Quip's total emissions were approximately 268,189,000 kg CO2e, with Scope 1 at about 3,034,000 kg CO2e, Scope 2 (market-based) at around 7,331,000 kg CO2e, and Scope 3 emissions at approximately 257,824,000 kg CO2e. Despite the significant emissions figures, Dril Quip has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The company is classified as a merged entity under Dril-Quip, Inc., and emissions data is cascaded from this parent organisation. Overall, Dril Quip's emissions profile reflects the challenges faced by the industry in managing carbon outputs, particularly in Scope 3 emissions, which constitute the majority of their total emissions.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,034,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,331,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 257,824,000 | 000,000,000 | 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.
Dril Quip is not participating in any 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.
