Chord Energy Sustainability Profile
Chord Energy Corporation, headquartered in the United States, is a prominent player in the energy sector, specialising in the exploration and production of oil and natural gas. Founded in 2022, the company has quickly established itself in key operational regions, particularly in the Williston Basin, where it focuses on leveraging advanced technologies to optimise resource extraction. With a commitment to sustainability and innovation, Chord Energy offers unique services that enhance operational efficiency while minimising environmental impact. The company’s strategic approach has positioned it as a leader in the industry, achieving significant milestones in production growth and resource management. As it continues to expand its footprint, Chord Energy remains dedicated to delivering reliable energy solutions that meet the evolving needs of the market.
DitchCarbon Score
How does Chord Energy'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 Electricity Transmission 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
Chord Energy's score of 20 is lower than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chord Energy's reported carbon emissions
In 2024, Chord Energy, headquartered in the US, reported significant carbon emissions, with Scope 1 emissions totalling approximately 1,944,660,000 kg CO2e and Scope 2 emissions at about 351,017,000 kg CO2e. This reflects a continued commitment to reducing greenhouse gas emissions, particularly in their operational activities. From 2019 to 2022, Chord Energy achieved a remarkable reduction in operated Scope 1 GHG emissions by 53% and a 47% decrease in methane emissions intensity. These reductions demonstrate the company's proactive approach to mitigating its environmental impact. In 2023, the company reported Scope 1 emissions of approximately 2,028,734,000 kg CO2e and Scope 2 emissions of about 321,387,000 kg CO2e in the US. The total emissions for Scope 1 and 2 combined reached approximately 2,350,121,000 kg CO2e, indicating a need for ongoing efforts to manage and reduce emissions effectively. Chord Energy has not disclosed any Scope 3 emissions data, which typically encompasses indirect emissions from the value chain. The absence of this data suggests an area for potential improvement in transparency and comprehensive climate reporting. Overall, Chord Energy's commitment to reducing its carbon footprint is evident through its substantial emission reduction targets and achievements, positioning the company as a responsible player in the energy sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,147,803,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Chord Energy's Industry?
How Carbon Intensive is Chord Energy's Location?
Chord Energy'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.
Chord Energy 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.
