Chord Energy
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 23 is higher than 81% 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 2023, Chord Energy reported total carbon emissions of approximately 1,500,209,000 kg CO2e for Scope 1 and about 282,658,000 kg CO2e for Scope 2. This represents a significant commitment to reducing their carbon footprint, particularly in the oil and gas sector. Comparatively, in 2022, the company recorded Scope 1 emissions of about 1,588,769,000 kg CO2e and Scope 2 emissions of approximately 260,222,000 kg CO2e. This indicates a slight reduction in Scope 1 emissions year-on-year. Since 2019, Chord Energy has successfully lowered its operated Scope 1 GHG emissions intensity by 53% and methane emissions intensity by 47% by 2022. This achievement underscores their commitment to sustainability and climate action. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. However, their focus on reducing Scope 1 and 2 emissions aligns with industry standards for climate commitments. Overall, Chord Energy's initiatives reflect a proactive approach to addressing climate change and reducing greenhouse gas emissions 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 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chord Energy is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
