Helmerich & Payne Sustainability Profile
Helmerich & Payne, Inc. (H&P) is a leading provider in the oil and gas industry, headquartered in Tulsa, Oklahoma, USA. Founded in 1920, the company has established itself as a pioneer in drilling technology, particularly in the development of advanced drilling rigs and services. H&P operates primarily in the United States, with significant activities in international markets, including South America and the Middle East. The company is renowned for its innovative approach to contract drilling, offering high-performance rigs and comprehensive drilling solutions that enhance operational efficiency. Helmerich & Payne's commitment to safety and sustainability sets it apart in a competitive landscape, earning recognition for its industry-leading practices. With a strong market position, H&P continues to achieve notable milestones, solidifying its reputation as a trusted partner in the energy sector.
DitchCarbon Score
How does Helmerich & Payne'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 Business Services 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
Helmerich & Payne's score of 31 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Helmerich & Payne's reported carbon emissions
In 2023, Helmerich & Payne reported total carbon emissions of approximately 1,142,000,000 kg CO2e for Scope 1 and 46,300,000 kg CO2e for Scope 2, resulting in combined emissions of about 1,186,000,000 kg CO2e. This marks an increase from 2022, where emissions were approximately 1,080,000,000 kg CO2e for Scope 1 and 37,300,000 kg CO2e for Scope 2, totalling around 1,117,000,000 kg CO2e. The company has set specific reduction targets, aiming to decrease its Scope 1 emissions intensity by 5% per 1,000 feet drilled from 2021 to 2022. Additionally, Helmerich & Payne successfully reduced its Scope 2 emissions by 17% from 2018 levels by the end of fiscal 2021. Helmerich & Payne does not currently disclose Scope 3 emissions data, indicating a potential area for future improvement in their climate commitments. The company’s emissions data is not cascaded from any parent organisation, reflecting its independent reporting status.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 467,856,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 116,570,000 | 000,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Helmerich & Payne's Industry?
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Helmerich & Payne'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.
Helmerich & Payne 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.
