Geopark, officially known as Geopark Holdings, is a prominent player in the crude petroleum industry, headquartered in Colorado. Established in 2002, the company has made significant strides in crude oil extraction and related services, focusing on operational regions across Latin America.
Specialising in the exploration and production of crude oil, Geopark distinguishes itself through its commitment to sustainable practices and innovative extraction techniques. The company has achieved notable milestones, including successful drilling campaigns and strategic acquisitions that have bolstered its market position.
With a reputation for reliability and efficiency, Geopark continues to be a key contributor to the energy sector, leveraging its expertise to navigate the complexities of crude oil markets while prioritising environmental stewardship.
+10 vs industry average
Geopark’s score of 25 is higher than 53% 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
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Geopark's reported carbon emissions
Geopark, headquartered in Colombia (CO) and operating in the crude petroleum and services related to crude oil extraction industry (excluding surveying), reported a total of approximately 5.34 billion kg CO2e in emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions.
For 2024, Geopark's Scope 1 emissions were approximately 200.21 million kg CO2e, Scope 2 emissions were about 81.01 million kg CO2e, and Scope 3 emissions were approximately 4.36 billion kg CO2e.
Looking at previous years, total emissions were approximately 5.09 billion kg CO2e in 2023, with Scope 1 at about 182,345 kg CO2e, Scope 2 at approximately 68.22 million kg CO2e, and Scope 3 at around 4.87 billion kg CO2e. In 2022, total emissions were approximately 5.98 billion kg CO2e, comprising Scope 1 at roughly 269,879 kg CO2e, Scope 2 at about 22.40 million kg CO2e, and Scope 3 at approximately 5.76 billion kg CO2e. In 2021, total emissions reached approximately 7.14 billion kg CO2e, with Scope 1 at approximately 355.15 million kg CO2e, Scope 2 at about 125,000 kg CO2e, and Scope 3 at around 6.78 billion kg CO2e. Prior to that, in 2020, total emissions were approximately 5.08 billion kg CO2e, with Scope 1 at approximately 388.08 million kg CO2e, Scope 2 at about 662,000 kg CO2e, and Scope 3 at around 4.59 billion kg CO2e.
Geopark has established significant climate commitments. The company aims to reduce its Scope 1 and 2 emissions intensity by 35% to 40% by 2025, compared to its 2020 baseline. Furthermore, Geopark is committed to reducing its Scope 1 and 2 emissions intensity by 40% to 60% by 2030, also against the 2020 baseline. Looking further ahead, Geopark has set a long-term goal to achieve net zero Scope 1 and 2 emissions by 2050. The company's commitment to decarbonising all its operations is central to its strategy.
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Geopark’s Climate Goals (2030 & 2050)
4 goals2050
In November 2021, we publicly committed to reducing the inte…
In November 2021, we publicly committed to reducing the intensity of Scope 1 and 2 GHG emissions by 35-40% by 2025, reducing the intensity o…
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.
Emissions comparison with industry peers
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Geopark
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