Helmerich & Payne, Inc. (H&P) is a prominent player in the other business services sector, headquartered in the United States. Founded in 1920, the company has established itself as a leader in drilling services, particularly in the oil and gas industry, with significant operations across North America and internationally.
H&P is renowned for its innovative drilling technologies and advanced rig designs, which enhance operational efficiency and safety. The company’s commitment to sustainability and environmental stewardship sets it apart in a competitive market. With a strong focus on customer service and operational excellence, Helmerich & Payne has achieved notable milestones, including a robust fleet of high-performance rigs and a reputation for reliability.
As a key provider of contract drilling services, Helmerich & Payne continues to solidify its market position, making it a trusted partner for energy companies worldwide.
-7 vs industry average
Helmerich & Payne’s score of 26 is lower than 45% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Helmerich & Payne's reported carbon emissions
Helmerich & Payne, headquartered in the US and operating within the "Other business services (74)" sector, reported approximately 1.19 billion kg CO2e of Scope 1 and 2 emissions in 2023. This figure represents a slight increase from the approximately 1.12 billion kg CO2e reported in 2022. In 2021, the company's Scope 1 and 2 emissions were approximately 741 million kg CO2e.
The company has disclosed emission reduction targets. For Scope 1 emissions, Helmerich & Payne aimed to reduce GHG emissions per 1,000 feet drilled by 5% between 2021 and 2022. Regarding Scope 2 emissions, the company achieved a 17% decrease from 2018 to 2021.
Helmerich & Payne's emissions data does not currently include Scope 3 emissions. Missing Scope 3 data points include purchased goods and services, business travel, and employee commute. The company has not yet committed to Science Based Targets initiative (SBTi) reduction targets.
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Helmerich & Payne’s Climate Goals (2030 & 2050)
2 goals2021
17% reduction in Scope 2
We also track our Scope 2 emissions, and, in fiscal 2021, we have decreased our Scope 2 footprint by 17% from 2018.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
View similar organisationsNo peer comparison is available for Helmerich & Payne yet.
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