QEP Resources, Inc. Sustainability Profile
QEP Resources, Inc., commonly referred to as QEP, is a prominent player in the energy sector, headquartered in the United States. Founded in 1986, the company has established itself as a leader in the exploration and production of oil and natural gas, with significant operations in key regions such as the Rocky Mountains and the Permian Basin. QEP is renowned for its innovative approach to resource extraction, focusing on core services that include drilling, production, and asset management. The company’s commitment to operational excellence and sustainability sets it apart in a competitive market. With a strong portfolio of assets and a strategic focus on enhancing production efficiency, QEP Resources has achieved notable milestones, solidifying its position as a trusted name in the energy industry.
DitchCarbon Score
How does QEP Resources, Inc.'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
QEP Resources, Inc.'s score of 24 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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QEP Resources, Inc., headquartered in the US, currently does not report specific carbon emissions data, as no emissions figures are available. The company is a current subsidiary of Diamondback Energy, Inc., which may influence its climate commitments and reporting practices. As part of its corporate family relationship, QEP Resources, Inc. inherits climate initiatives and targets from Diamondback Energy, Inc. However, there are no documented reduction targets or climate pledges available for QEP Resources, Inc. at this time. This lack of specific data suggests that the company may still be in the process of establishing its own emissions reduction strategies or aligning with broader corporate sustainability goals set by its parent organisation. In the context of the industry, it is essential for companies like QEP Resources, Inc. to develop and communicate clear climate commitments, especially as stakeholders increasingly demand transparency and accountability regarding carbon emissions and sustainability practices.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 174,413,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is QEP Resources, Inc.'s Industry?
How Carbon Intensive is QEP Resources, Inc.'s Location?
QEP Resources, Inc.'s Scope 3 Categories Breakdown
QEP Resources, Inc.'s Scope 3 emissions, which increased by 16% last year and increased by approximately 16% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
QEP Resources, Inc.'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.
QEP Resources, Inc. 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.
