Laredo Petroleum
Laredo Petroleum, Inc., a prominent player in the oil and gas industry, is headquartered in the United States, with significant operations primarily in the prolific Permian Basin. Founded in 2006, the company has established itself as a leader in exploration and production, focusing on the development of unconventional resources. Laredo Petroleum is renowned for its commitment to operational excellence and innovative techniques in drilling and completion. The company’s core services include the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids, setting it apart through its strategic asset management and efficient resource utilisation. With a strong market position, Laredo Petroleum has achieved notable milestones, including substantial production growth and a robust portfolio of high-quality assets. Its dedication to sustainability and responsible resource development further enhances its reputation within the industry.
DitchCarbon Score
How does Laredo Petroleum'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 Petroleum Products 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
Laredo Petroleum's score of 5 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Laredo Petroleum's reported carbon emissions
In 2019, Laredo Petroleum reported total carbon emissions of approximately 519,727,000 kg CO2e from Scope 1, which includes direct emissions from their operations. Additionally, they emitted about 20,044,000 kg CO2e from Scope 2, representing indirect emissions from purchased electricity, steam, heating, and cooling. Their Scope 3 emissions, which account for the entire value chain, were approximately 125,083,000 kg CO2e. Despite these figures, Laredo Petroleum has not established specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further development in their approach to managing carbon emissions and addressing climate change. As the industry increasingly focuses on sustainability, Laredo Petroleum's future commitments will be crucial in aligning with broader environmental goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | |
|---|---|
| Scope 1 | 519,727,000 |
| Scope 2 | 20,044,000 |
| Scope 3 | 125,083,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Laredo Petroleum is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
