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 12 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Helmerich And Payne's reported carbon emissions
In 2024, Helmerich & Payne reported total carbon emissions of approximately 1,036,000,000 kg CO2e for Scope 1 and about 57,400,000 kg CO2e for Scope 2, resulting in combined emissions of around 1,084,000,000 kg CO2e. This marks a decrease from 2023, where emissions were approximately 1,142,000,000 kg CO2e for Scope 1 and about 46,300,000 kg CO2e for Scope 2, totalling around 1,186,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 30% reduction in net CO2e emissions per distance drilled by the end of fiscal year 2030, using 2018 as a baseline. This target applies to both Scope 1 and Scope 2 emissions, reflecting a proactive approach to mitigating climate impact. Helmerich & Payne has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from their operations. The company’s emissions intensity metrics, such as Scope 1 and 2 emissions per unit of revenue, demonstrate their commitment to improving efficiency alongside revenue growth. Overall, Helmerich & Payne's climate strategy is characterised by significant reduction targets and a clear focus on operational emissions, aligning with industry standards for sustainability and climate action.
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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 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.
