Dril Quip Sustainability Profile
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 56% 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 amounting to about 301,675,000 kg CO2e. The combined Scope 1 and 2 emissions (location-based) totalled around 12,267,000 kg CO2e. Comparatively, in 2021, the company’s total emissions were about 378,081,000 kg CO2e, with Scope 1 at approximately 3,731,000 kg CO2e, Scope 2 (market-based) at about 8,166,000 kg CO2e, and Scope 3 emissions reaching around 366,184,000 kg CO2e. This indicates a reduction in total emissions of about 67,792,000 kg CO2e from 2021 to 2022. Dril Quip has not set specific reduction targets or initiatives as part of their climate commitments, and there are no disclosed SBTi (Science Based Targets initiative) reduction targets. The emissions data is cascaded from Dril-Quip, Inc., reflecting the company's performance within its corporate family structure. Overall, Dril Quip's emissions profile highlights a significant reliance on Scope 3 emissions, which constitute the majority of their carbon footprint, underscoring the need for comprehensive strategies to address indirect emissions across their value chain.
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| 2015 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 3,686,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 16,923,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 190,118,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Dril Quip's Industry?
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Dril Quip'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.
Dril Quip has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
