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.
-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
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Helmerich & Payne's reported carbon emissions
Helmerich & Payne (US) reported approximately 1.186 billion kg CO2e of Scope 1 and 2 emissions in 2023, an increase from approximately 1.117 billion kg CO2e in 2022. In 2021, the company's Scope 1 and 2 emissions were approximately 741 million kg CO2e. Scope 3 emissions data for Helmerich & Payne were not disclosed for these years. The company has set targets to reduce its environmental impact. Specifically, Helmerich & Payne aimed to "REDUCE THE AMOUNT OF GHG EMISSIONS PER 1,000 FEET DRILLED BY 5%" by 2022. Furthermore, in fiscal year 2021, they reported a 17% decrease in their Scope 2 emissions from 2018 levels. Helmerich & Payne operates within the "Other business services (74)" industry. The company's climate commitments and emissions reporting are based on its own disclosed data, and there is no indication of data cascading from a parent organisation.
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Helmerich & Payne’s Climate Goals (2030 & 2050)
2 goals2021
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.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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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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