Callon Petroleum Company, commonly referred to as Callon, is a prominent player in the crude petroleum industry, headquartered in the United States. Founded in 1950, the company has established a strong presence in key operational regions, particularly in the Permian Basin and the Eagle Ford Shale, where it focuses on crude oil extraction and related services.
Specialising in the exploration and production of crude oil, Callon Petroleum distinguishes itself through its innovative techniques and commitment to operational efficiency. The company has achieved significant milestones, including strategic acquisitions that have bolstered its market position. With a robust portfolio of assets and a dedication to sustainable practices, Callon continues to be a notable force in the oil and gas sector, driving growth and delivering value to its stakeholders.
-10 vs industry average
Callon Petroleum’s score of 6 is lower than 24% 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
Crude Oil Extraction is among the most carbon-intensive industries
Industry performance
The Crude Oil Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Callon Petroleum's reported carbon emissions
Callon Petroleum, headquartered in the US and operating in the crude petroleum and related services industry, reported significant progress on its climate commitments, with a focus on Scope 1 and Scope 2 emissions.
In 2022, Callon Petroleum achieved a substantial reduction in its Scope 1 greenhouse gas (GHG) emissions, decreasing them by an additional 20% and marking a total reduction of 40% since 2019. The company is on track to meet its enhanced goal of reducing its Scope 1 GHG emissions intensity by 50% by 2024.
The company's reported emissions for recent years are as follows:
- 2022: Scope 1 emissions totalled approximately 824,919,000 kg CO2e, and Scope 2 emissions were approximately 172,299,000 kg CO2e.
- 2021: Scope 1 emissions amounted to approximately 1,047,039,000 kg CO2e, with Scope 2 emissions at approximately 80,984,000 kg CO2e.
- 2020: Scope 1 emissions were approximately 995,625,000 kg CO2e, and Scope 2 emissions were approximately 69,103,000 kg CO2e.
- 2019: Scope 1 emissions were approximately 1,450,165,000 kg CO2e, and Scope 2 emissions were approximately 118,929,000 kg CO2e.
Callon Petroleum has disclosed Scope 1 and Scope 2 data for these years but has indicated that Scope 3 emissions data, specifically for purchased goods and services, is missing. The company's emissions data and reduction targets are sourced directly from Callon Petroleum Company.
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Callon Petroleum’s Climate Goals (2030 & 2050)
2 goals2022
40% reduction in Scope 1
In 2022, we reduced our Scope 1 emissions by an additional 20%, marking a significant 40% total reduction since 2019.
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
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Callon Petroleum
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