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 26 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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Dril Quip's reported carbon emissions
In 2022, Dril Quip reported total emissions of approximately 8,000 kg CO2e, which includes Scope 1 and 2 emissions. This figure reflects a significant reduction from 2021, where total emissions were about 232,437,000 kg CO2e, comprising 3,724,000 kg CO2e from Scope 1, 8,161,000 kg CO2e from Scope 2 (market-based), and 220,552,000 kg CO2e from Scope 3. In 2020, the company recorded total emissions of around 200,590,000 kg CO2e, with Scope 1 emissions at 3,032,000 kg CO2e and Scope 2 emissions at 7,440,000 kg CO2e (market-based). Despite these figures, Dril Quip has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from Dril-Quip, Inc., reflecting the company's performance within its corporate family structure. Overall, while Dril Quip has made strides in reducing its emissions, the lack of formal climate commitments or reduction targets suggests an area for potential improvement in its sustainability strategy.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 3,032,000 | 0,000,000 |
| Scope 2 | 7,440,000 | 0,000,000 |
| Scope 3 | 190,118,000 | 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.
