- Cyclical nature of the oil and gas industry.
- Evolving energy transition regulatory environment.
- Expanding international footprint.
- Exploration and production (E&P) consolidation activities.
- Customer influence over rig emissions.
Helmerich & Payne, Inc.
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Helmerich & Payne, Inc. disclosed greenhouse gas emissions of 1.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 1.0K tCO2e/year; Scope 2: 47.2 tCO2e/year (location-based), 57 tCO2e/year (market-based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.1K tCO2e/year (Scope 1 & 2)
2024
Renewable Energy
0.1%
of total energy
Energy Use
14.7M GJ/year
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.0K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 47.2 tCO2e/year (location-based), 57 tCO2e/year (market-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 1.1K tCO2e/year (Scope 1 & 2) |
| 2023 | 1.2M tCO2e/year |
| 2022 | 1.1M tCO2e/year (Scope 1 & 2) |
| 2021 | 735.0K tCO2e/year (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Surpassed the long-term 2030 GHG emissions reduction target by reducing normalized GHG emissions intensity per distance drilled by ~34% since 2018.
- Achieved zero reportable spills.
- Achieved a ~31% reduction in total energy consumption since 2018 when normalized by drilling activity.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain the normalized GHG emissions performance per drilled distance in 2025 as compared to 2024.
📅 Medium-term
- Achieve 5% reduction in non-mitigation SIF events involving LifeBelt breakdowns in 2025.
🔭 Long-term
- 30% reduction in net CO2e per distance drilled by 2030 (already achieved).
🌱 ESG Focus Areas
Climate ChangeSafetyDiversity, Equity, and InclusionGovernanceCommunity Engagement