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.
-6 vs industry average
Dril Quip’s score of 26 is lower than 44% 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
Dril-Quip, a US-based company in the "Other business services (74)" industry, reported total carbon emissions of approximately 310,289,000 kg CO2e for the year 2022. This figure encompasses Scope 1, 2, and 3 emissions.
In 2022, Scope 1 emissions were approximately 4,080,000 kg CO2e. Scope 2 emissions, using the market-based approach, were approximately 4,534,000 kg CO2e. Scope 3 emissions represented the largest portion, totalling approximately 301,675,000 kg CO2e.
For 2021, Dril-Quip's total emissions were approximately 378,081,000 kg CO2e, with Scope 1 emissions at approximately 3,731,000 kg CO2e, Scope 2 (market-based) at approximately 8,166,000 kg CO2e, and Scope 3 at approximately 366,184,000 kg CO2e. In 2020, total emissions were approximately 268,189,000 kg CO2e, including Scope 1 at approximately 3,034,000 kg CO2e, Scope 2 (market-based) at approximately 7,331,000 kg CO2e, and Scope 3 at approximately 257,824,000 kg CO2e.
Dril-Quip has set a climate commitment to achieve an absolute reduction of combined Scope 1 and Scope 2 emissions by more than 50% between 2021 and 2030. The company's data is a merged entity, with performance data sourced from "Dril-Quip, Inc.".
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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.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Dril Quip
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