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 10 is higher than 88% 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 2023, Helmerich & Payne reported significant carbon emissions, totalling approximately 1,142,000,000,000 kg CO2e for Scope 1 emissions and about 43,300,000 kg CO2e for Scope 2 emissions, leading to a combined total of approximately 1,186,000,000,000 kg CO2e for both scopes. This represents a notable increase from 2022, where Scope 1 emissions were about 1,080,000,000,000 kg CO2e and Scope 2 emissions were approximately 37,300,000 kg CO2e, resulting in a total of about 1,117,000,000,000 kg CO2e. Helmerich & Payne has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The company continues to focus on its operational emissions, with a reported emissions intensity of 0.00041 tonnes CO2e per $1,000 in revenue for Scope 1 and 2 combined in 2023. The company’s emissions intensity metrics indicate a trend towards efficiency, with Scope 2 emissions intensity per employee reported at 6.1 kg CO2e in 2023, compared to 4.67 kg CO2e in 2022. Despite the lack of formal reduction commitments, Helmerich & Payne remains engaged in monitoring and reporting its emissions, reflecting an awareness of its environmental impact within the oil and gas industry.
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| 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 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.
