Coterra Energy
Coterra Energy, a prominent player in the energy sector, is headquartered in the United States and operates primarily in key regions such as the Permian Basin and the Eagle Ford Shale. Founded in 2021 through the merger of Cimarex Energy and Cabot Oil & Gas, Coterra has quickly established itself as a leader in the exploration and production of oil and natural gas. The company focuses on sustainable energy solutions, offering a diverse portfolio that includes conventional and unconventional resource extraction. Coterra's commitment to innovation and operational efficiency sets it apart in a competitive market, enabling it to deliver reliable energy while prioritising environmental stewardship. With a strong market position, Coterra Energy continues to achieve significant milestones, reinforcing its reputation as a forward-thinking energy provider.
DitchCarbon Score
How does Coterra Energy'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 Gas/Diesel Oil 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
Coterra Energy's score of 19 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coterra Energy's reported carbon emissions
In 2023, Coterra Energy reported total carbon emissions of approximately 1,358,410,000 kg CO2e for Scope 1 and about 248,029,000 kg CO2e for Scope 2. This represents a significant reduction in emissions compared to previous years, with a 37% decrease in absolute Scope 1 CO2 emissions from 2019 to 2023. The company has set a near-term target for its Scope 1 greenhouse gas emissions intensity, aiming for a range of 4.96 to 5.42 metric tons CO2e per gross Mboe produced for 2023, which reflects a 16.6% reduction. Coterra is also committed to enhancing its operational efficiency by transitioning to midstream electric compressor units, with plans to have 22 units in service by the end of 2024. This initiative is part of their broader strategy to reduce emissions and improve sustainability practices. Overall, Coterra Energy's climate commitments demonstrate a proactive approach to reducing greenhouse gas emissions, aligning with industry standards and contributing to global climate goals.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,171,754,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - | - | - |
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.
Coterra Energy is not participating in any of the initiatives that 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.
