Diamondback Energy

Diamondback Energy, a US-based Gas/Diesel Oil company, reported its 2023 Scope 1 emissions as approximately 1.76 billion kg CO2e and Scope 2 emissions as approximately 953.81 million kg CO2e. Their Scope 3 emissions, specifically from the use of sold products, were approximately 52.45 billion kg CO2e for 2023.

Looking back, in 2022, their Scope 1 emissions were around 1.49 billion kg CO2e, Scope 2 emissions were about 674.09 million kg CO2e, and Scope 3 emissions from the use of sold products were approximately 45.09 billion kg CO2e. In 2021, Diamondback Energy reported Scope 1 emissions of approximately 1.25 billion kg CO2e and Scope 2 emissions of around 528.22 million kg CO2e. For 2020, Scope 1 emissions were approximately 1.19 billion kg CO2e and Scope 2 emissions were about 281.02 million kg CO2e. In 2019, the company's Scope 1 emissions were approximately 1.85 billion kg CO2e.

Diamondback Energy has set several climate commitments. They aim to reduce their Scope 1 GHG intensity by at least 50% from 2019 levels by 2024. Additionally, they target a reduction in Scope 1 and 2 GHG intensity by at least 50% from 2020 levels by 2030.

The company also has Science Based Targets initiative (SBTi) commitments. Diamondback Energy, Inc. has committed to reducing absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 base year. Concurrently, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 46% within the same timeframe. These targets align with a 1.5°C warming scenario, as classified by SBTi.