Parker Wellbore Sustainability Profile
Parker Wellbore, a leading provider in the oil and gas industry, is headquartered in the United States and operates extensively across key regions including North America and the Middle East. Founded in 2018, the company has quickly established itself as a significant player in wellbore construction and management, offering a comprehensive suite of services that includes drilling, completions, and intervention solutions. What sets Parker Wellbore apart is its commitment to innovation and safety, utilising advanced technologies to enhance operational efficiency and reduce environmental impact. The company has achieved notable milestones, positioning itself as a trusted partner for major energy companies. With a focus on delivering high-quality, reliable services, Parker Wellbore continues to strengthen its market position and contribute to the evolving landscape of the energy sector.
DitchCarbon Score
How does Parker Wellbore'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 Gas/Diesel Oil 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
Parker Wellbore's score of 7 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parker Wellbore's reported carbon emissions
In 2022, Parker Wellbore reported total carbon emissions of approximately 34,723,630 kg CO2e, comprising 28,925,150 kg CO2e from Scope 1 emissions and 5,798,480 kg CO2e from Scope 2 emissions. This represents a notable increase from 2021, when total emissions were about 30,259,940 kg CO2e, with Scope 1 emissions at 24,969,210 kg CO2e and Scope 2 emissions at 5,290,730 kg CO2e. The company has not disclosed any Scope 3 emissions data, indicating a potential area for future reporting. Parker Wellbore's emissions data is cascaded from its parent company, Parker Wellbore Company, and includes information sourced from Nabors Industries Ltd. at a cascade level of 1. Despite the lack of specific reduction targets or initiatives outlined in their reports, the company is part of an industry increasingly focused on climate commitments. As a current subsidiary, Parker Wellbore is expected to align with broader corporate sustainability goals, although no specific climate pledges or reduction targets have been documented. Overall, Parker Wellbore's emissions profile highlights the challenges faced by the oil and gas sector in managing carbon footprints while navigating the transition to more sustainable practices.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 26,337,530 | 00,000,000 | 00,000,000 |
| Scope 2 | 6,033,650 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Parker Wellbore's Industry?
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Parker Wellbore's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Parker Wellbore has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
