Helmerich And Payne
Helmerich & Payne, Inc. (often referred to as H&P) is a leading provider in the oil and gas industry, headquartered in Tulsa, Oklahoma, USA. Founded in 1920, the company has established itself as a pioneer in drilling technology, particularly in the development of advanced drilling rigs and services. H&P operates primarily in the United States, with significant activities in regions such as the Permian Basin and the Eagle Ford Shale. The company is renowned for its innovative approach to contract drilling, offering high-performance rigs and comprehensive drilling solutions that enhance operational efficiency. Helmerich & Payne's commitment to safety and sustainability has positioned it as a trusted partner in the energy sector. With a strong market presence and a reputation for excellence, H&P continues to achieve notable milestones, solidifying its status as a leader in the competitive landscape of oil and gas drilling.
DitchCarbon Score
How does Helmerich And Payne'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 Crude Oil Extraction 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
Helmerich And Payne's score of 2 is lower than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Helmerich And Payne's reported carbon emissions
In 2023, Helmerich & Payne reported total carbon emissions of approximately 1,142,000,000 kg CO2e, comprising about 1,142,000,000 kg CO2e from Scope 1 and approximately 43,300,000 kg CO2e from Scope 2 emissions. This marked a slight increase from 2022, where total emissions were about 1,117,000,000 kg CO2e, with Scope 1 emissions at approximately 1,080,000,000 kg CO2e and Scope 2 emissions at around 37,300,000 kg CO2e. Over the years, Helmerich & Payne has demonstrated a commitment to reducing its carbon footprint. In 2021, the company reported total emissions of about 741,000,000 kg CO2e, down from approximately 852,000,000 kg CO2e in 2020. This indicates a significant reduction in emissions, particularly in Scope 1, which decreased from about 845,000,000 kg CO2e in 2020 to approximately 735,000,000 kg CO2e in 2021. Despite these reductions, Helmerich & Payne has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company continues to focus on improving its emissions intensity, with the latest data showing an emissions intensity of approximately 0.00041 kg CO2e per $1,000 in revenue for 2023. Overall, while Helmerich & Payne has made strides in reducing its emissions, the absence of formal reduction targets suggests an opportunity for further commitment to climate action in the future.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,235,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000,000 |
| Scope 2 | 7,600,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Helmerich And Payne is not committed to any reduction initiatives 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.
