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. With a strong operational presence in North America and international markets, H&P focuses on contract drilling and technology solutions that enhance efficiency and safety. The company is renowned for its state-of-the-art FlexRig® technology, which offers unmatched performance and adaptability in various drilling environments. Helmerich & Payne's commitment to innovation has positioned it as a market leader, consistently achieving high utilisation rates and operational excellence. With a rich history of milestones, H&P continues to shape the future of drilling, making significant contributions to the energy sector.
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 13 is higher than 93% 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 1,186,000,000 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 reduction from 2022, where total emissions were about 1,117,000,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Over the past few years, Helmerich & Payne's emissions have fluctuated, with 2021 emissions at approximately 741,000,000 kg CO2e and 2020 at about 852,000,000 kg CO2e. The company has reported emissions intensity metrics, such as Scope 1 and 2 emissions intensity of 0.00041 tonnes CO2e per $1,000 in revenue in 2023, indicating a focus on improving efficiency alongside revenue growth. Despite the absence of formal reduction targets or climate pledges, Helmerich & Payne's ongoing efforts to monitor and report emissions reflect an awareness of climate impact and a commitment to sustainability within the oil and gas industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,235,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 7,600,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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.
