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Dril-Quip, Inc., a leading provider in the other business services sector, is headquartered in the United States and operates extensively in key regions including North America, South America, and the Asia-Pacific. Founded in 1981, the company has established itself as a pioneer in the design and manufacture of high-performance drilling and production equipment for the oil and gas industry.
Dril-Quip's core offerings include subsea production systems, surface and subsea wellhead systems, and various other specialised equipment. What sets them apart is their commitment to innovation and quality, ensuring that their products meet the rigorous demands of offshore environments. With a strong market position, Dril-Quip has achieved notable milestones, including numerous patents and industry awards, solidifying its reputation as a trusted partner in the energy sector.
-7 vs industry average
Dril Quip’s score of 29 is lower than 46% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Business Services is among the least carbon-intensive industries
The Business Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Dril-Quip, an Other business services (74) company headquartered in the US, reported total emissions of approximately 310,289,000 kg CO2e in 2022. This figure includes about 4,080,000 kg CO2e from Scope 1 emissions, 4,534,000 kg CO2e from market-based Scope 2 emissions, and approximately 301,675,000 kg CO2e from Scope 3 emissions.
In 2021, Dril-Quip's total emissions were about 378,081,000 kg CO2e, comprising around 3,731,000 kg CO2e in Scope 1, 8,166,000 kg CO2e in market-based Scope 2, and approximately 366,184,000 kg CO2e in Scope 3.
For 2020, the company's total emissions were approximately 268,189,000 kg CO2e, with Scope 1 emissions at about 3,034,000 kg CO2e, market-based Scope 2 emissions at around 7,331,000 kg CO2e, and Scope 3 emissions at about 257,824,000 kg CO2e.
Looking further back to 2015, Dril-Quip's total emissions were approximately 200,590,000 kg CO2e, including about 3,686,000 kg CO2e from Scope 1, 16,923,000 kg CO2e from market-based Scope 2, and approximately 190,118,000 kg CO2e from Scope 3.
Dril-Quip has set a near-term absolute reduction target to decrease combined Scope 1 and Scope 2 emissions by more than 50% between 2021 and 2030. This emissions data and reduction target are directly from Dril-Quip, Inc. as the merged entity.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


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