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.
-7 vs industry average
Dril Quip’s score of 25 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Dril Quip's reported carbon emissions
In 2022, Dril-Quip reported total carbon emissions of approximately 310.3 million kg CO2e. This figure includes Scope 1 emissions of about 4.1 million kg CO2e, Scope 2 emissions (market-based) of approximately 4.5 million kg CO2e, and significant Scope 3 emissions totalling around 301.7 million kg CO2e. Dril-Quip has set an ambitious target to reduce its combined Scope 1 and Scope 2 emissions by more than 50% by the year 2030, starting from 2021 levels. This commitment reflects the company's dedication to addressing climate change and reducing its carbon footprint across all scopes of emissions. The emissions data is cascaded from Dril-Quip, Inc., indicating a corporate family relationship that influences its sustainability reporting. The company continues to focus on enhancing its environmental performance and aligning with industry standards for climate action.
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Dril Quip’s Climate Goals (2030 & 2050)
1 goal2030
50% reduction in all scopes
Dril-Quip targets the absolute reduction of combined Scope 1 and Scope 2 emissions by more than 50% between 2021 and the target year 2030.
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.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Dril Quip
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