Ranger Oil Corporation Sustainability Profile
Ranger Oil Corporation, a prominent player in the oil and gas industry, is headquartered in the United States. Founded in 2004, the company has established a strong presence in key operational regions, particularly in the Eagle Ford Shale and the Williston Basin. Ranger Oil focuses on the exploration, development, and production of oil and natural gas, leveraging advanced technologies to optimise resource extraction. With a commitment to operational excellence, Ranger Oil distinguishes itself through its efficient drilling techniques and strategic asset management. The company has achieved significant milestones, including a robust portfolio of high-quality reserves and a reputation for sustainable practices. As a growing entity in the energy sector, Ranger Oil Corporation continues to enhance its market position, driven by innovation and a dedication to delivering value to stakeholders.
DitchCarbon Score
How does Ranger Oil Corporation'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
Ranger Oil Corporation's score of 4 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ranger Oil Corporation's reported carbon emissions
In 2023, Ranger Oil Corporation reported a greenhouse gas (GHG) emissions intensity of approximately 43,000 kg CO2e per barrel of oil equivalent for Scope 1 and Scope 2 emissions in its Canadian segment. This figure reflects a slight decrease from 47,000 kg CO2e per barrel in 2022 and 57,000 kg CO2e per barrel in 2021, indicating a trend towards reduced emissions intensity over the past few years. The company’s emissions data is cascaded from its parent company, Baytex Energy Corp., which provides the GHG emissions intensity metrics. Notably, Ranger Oil Corporation has not disclosed specific Scope 3 emissions data or set formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. Despite the absence of explicit reduction commitments, the company is part of an industry that is increasingly focused on sustainability and reducing carbon footprints. Ranger Oil Corporation's ongoing efforts to lower emissions intensity align with broader industry trends aimed at mitigating climate change impacts.
How Carbon Intensive is Ranger Oil Corporation's Industry?
How Carbon Intensive is Ranger Oil Corporation's Location?
Ranger Oil Corporation'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.
Ranger Oil Corporation 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.
