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Parex Resources Inc., commonly referred to as Parex Resources, is a prominent player in the gas and diesel oil industry, with its headquarters based in Calgary, Canada. Since its founding in 2009, the company has established a strong presence in Latin America, particularly in Colombia, where it operates numerous upstream oil and gas assets.
Specialising in exploration, development, and production of hydrocarbons, Parex Resources is recognised for its focus on high-quality, low-cost assets that deliver reliable energy supplies. Its strategic approach and operational expertise have earned it a notable market position within the industry, making it a key contributor to North and South American energy markets.
+32 vs industry average
Parex Resources’s score of 48 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Parex Resources, a Canadian-headquartered Gas/Diesel Oil company, reported its latest carbon emissions for 2025. In that year, the company's total Scope 1 emissions were approximately 205,583,210 kg CO2e, Scope 2 emissions were about 4,559,350 kg CO2e, and Scope 3 emissions were approximately 12,516,105,390 kg CO2e.
Looking back, in 2024, Parex Resources reported Scope 1 emissions of approximately 220,649,800 kg CO2e, Scope 2 emissions of about 12,127,790 kg CO2e, and Scope 3 emissions of around 22,104,132,710 kg CO2e. For 2023, the company's Scope 1 emissions were roughly 202,295,940 kg CO2e, Scope 2 emissions were about 3,175,000 kg CO2e, and Scope 3 emissions totalled approximately 23,665,769,160 kg CO2e.
In 2022, Parex Resources reported Scope 1 emissions of roughly 232,650,440 kg CO2e and Scope 3 emissions of approximately 3,659,267,350 kg CO2e. Their Scope 2 emissions for the same year were around 634,570 kg CO2e (location-based). For 2021, the company's Scope 1 emissions were about 158,324,110 kg CO2e, Scope 2 emissions were approximately 176,290 kg CO2e, and Scope 3 emissions were around 2,956,976,000 kg CO2e.
In terms of climate commitments, Parex Resources signed a Memorandum of Understanding (MOU) with the Colombian government in 2023 to mitigate climate change impacts. This commitment includes long-term net-zero goals for both Scope 1 and Scope 2 emissions by 2050, as indicated in their 2023 Sustainability Report.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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