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OrganisationsHelmerich & Payne
Helmerich & Payne logo

Helmerich & Payne

Business ServicesUnited States
Last verified 24 days agohpinc.com

Helmerich & Payne, Inc. (H&P) is a prominent player in the other business services sector, headquartered in the United States. Founded in 1920, the company has established itself as a leader in drilling services, particularly in the oil and gas industry, with significant operations across North America and internationally.

H&P is renowned for its innovative drilling technologies and advanced rig designs, which enhance operational efficiency and safety. The company’s commitment to sustainability and environmental stewardship sets it apart in a competitive market. With a strong focus on customer service and operational excellence, Helmerich & Payne has achieved notable milestones, including a robust fleet of high-performance rigs and a reputation for reliability.

As a key provider of contract drilling services, Helmerich & Payne continues to solidify its market position, making it a trusted partner for energy companies worldwide.

26
DitchCarbon score

-6 vs industry average

Helmerich & Payne’s score of 26 is lower than 45% 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

Low

Business Services has below-average carbon intensity

Industry performance

0.078
20192025

The Business Services industry has increased its overall emissions by 24% since 2019

Emissions trajectory 2020 – 2026

0.0B0.0B000.0M000M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Helmerich & Payne's reported carbon emissions

Helmerich & Payne (HP) headquartered in the US, operating in the "Other business services (74)" sector, reported significant greenhouse gas (GHG) emissions for 2023 and 2022. In 2023, HP's total Scope 1 and Scope 2 emissions were approximately 1.19 billion kg CO2e, comprising about 1.14 billion kg CO2e from Scope 1 and approximately 46.3 million kg CO2e from Scope 2 (market-based). This represents an increase from 2022, when total Scope 1 and 2 emissions stood at approximately 1.12 billion kg CO2e, with Scope 1 emissions around 1.08 billion kg CO2e and Scope 2 emissions at approximately 37.3 million kg CO2e. In 2021, HP's Scope 1 emissions were approximately 735 million kg CO2e, and Scope 2 emissions were about 6.3 million kg CO2e, resulting in a total of roughly 741 million kg CO2e for Scope 1 and 2. HP has outlined climate commitments and reduction targets. Notably, the company aimed to reduce GHG emissions per 1,000 feet drilled by 5% between 2021 and 2022. Furthermore, HP reported a 17% decrease in its Scope 2 emissions from 2018 to 2021. HP's emissions data for 2020 is not specified in the provided information. The company has not disclosed Scope 3 emissions data for the reporting years available. HP is not currently reporting under the Science Based Targets initiative (SBTi) and its data is not cascaded from a parent organisation.

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Helmerich & Payne’s Climate Goals (2030 & 2050)

2 goals

2021

17% reduction in Scope 2

We also track our Scope 2 emissions, and, in fiscal 2021, we have decreased our Scope 2 footprint by 17% from 2018.

Insufficient data17%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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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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