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 15 is higher than 92% 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 total carbon emissions of approximately 1,186,000,000 kg CO2e, comprising about 1,142,000,000 kg CO2e from Scope 1 and about 43,300,000 kg CO2e from Scope 2 emissions. This represents a reduction 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 about 37,300,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, achieving a significant decrease in emissions from 2018, when total emissions were about 1,242,000,000 kg CO2e. Helmerich & Payne has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Overall, Helmerich & Payne's emissions intensity has improved, with Scope 1 and 2 emissions intensity reported at 0.00041 tonnes CO2e per $1,000 in revenue in 2023, down from 0.00054 tonnes CO2e in 2022. The company continues to focus on sustainability and reducing its environmental impact as part of its operational strategy.
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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.
