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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.
-3 vs industry average
Helmerich & Payne’s score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Business Services is among the least carbon-intensive industries
The Business Services industry has reduced its overall emissions by 25% since 2018
Scope 3 accounts for ••• of total emissions.
Helmerich & Payne, headquartered in the US and operating in the 'Other business services (74)' industry, has reported its carbon emissions for recent years.
For 2023, Helmerich & Payne reported Scope 1 emissions of approximately 1,142,000,000 kg CO2e and Scope 2 emissions (market-based) of approximately 46,300,000 kg CO2e. The total Scope 1 and 2 emissions for 2023 were approximately 1,186,000,000 kg CO2e.
In 2022, Scope 1 emissions were approximately 1,080,000,000 kg CO2e, with Scope 2 emissions (location-based) at approximately 37,300,000 kg CO2e. The combined Scope 1 and 2 emissions for 2022 amounted to approximately 1,117,000,000 kg CO2e.
For 2021, the company reported Scope 1 emissions of approximately 735,000,000 kg CO2e and Scope 2 emissions (location-based) of approximately 6,300,000 kg CO2e. This resulted in total Scope 1 and 2 emissions of approximately 741,000,000 kg CO2e for that year.
Helmerich & Payne has stated reduction initiatives. For instance, they aimed to reduce the amount of GHG emissions per 1,000 feet drilled by 5% between 2021 and 2022, focusing on Scope 1 emissions. Additionally, they reported a 17% decrease in their Scope 2 emissions from 2018 to 2021.
The company has not disclosed Scope 3 emissions data for the reported years. Their reported data pertains to the company itself, with no indication of data cascading from a parent or related organisation.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.
No peer comparison is available for Helmerich & Payne yet.
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