Coterra Energy Sustainability Profile
Coterra Energy, a prominent player in the energy sector, is headquartered in the United States and operates primarily in key regions such as the Permian Basin and the Eagle Ford Shale. Founded in 2021 through the merger of Cimarex Energy and Cabot Oil & Gas, Coterra has quickly established itself as a leader in the exploration and production of oil and natural gas. The company focuses on sustainable energy solutions, offering a diverse portfolio that includes conventional and unconventional resource extraction. Coterra's commitment to innovation and operational efficiency sets it apart in a competitive market, enabling it to deliver reliable energy while prioritising environmental stewardship. With a strong market position, Coterra Energy continues to achieve significant milestones, reinforcing its reputation as a forward-thinking energy provider.
DitchCarbon Score
How does Coterra 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 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
Coterra Energy's score of 19 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coterra Energy's reported carbon emissions
In 2023, Coterra Energy, headquartered in the US, reported significant carbon emissions, with total Scope 1 emissions amounting to approximately 1,358,410,000 kg CO2e and Scope 2 emissions at about 248,029,000 kg CO2e. This reflects a reduction of approximately 37% in absolute Scope 1 CO2 emissions from 2019 to 2023. The company has set a target for its Scope 1 greenhouse gas emissions intensity, aiming for a range of 4.96 to 5.42 metric tons CO2e per gross Mboe produced for the year 2023. Coterra's emissions data is not cascaded from any parent organisation, and all figures are derived directly from Coterra Energy Inc. The company has committed to enhancing its sustainability efforts, including plans to operate 22 midstream electric compressor units by the end of 2024, which aligns with its broader climate commitments. Overall, Coterra Energy is actively working towards reducing its carbon footprint while maintaining transparency in its emissions reporting and climate initiatives.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,171,754,000 | 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 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Coterra Energy's Industry?
How Carbon Intensive is Coterra Energy's Location?
Coterra 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.
Coterra 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.
