Diamondback Energy Inc
Diamondback Energy's GHG Emissions Data Preview
In 2023, Diamondback Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Diamondback Energy has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Diamondback Energy’s Greenhouse Gas (GHG) Emissions Data
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Insights into Diamondback Energy's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Diamondback Energy amounted to 2,710,853 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Diamondback Energy increased by 25.42%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Diamondback Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Diamondback Energy's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Diamondback Energy were 1,757,044 metric tons of CO₂ equivalent (tCO₂e). a
Has Diamondback Energy reduced its Scope 1 emissions over time?
Since 2018, Diamondback Energy's Scope 1 emissions have increased by 226.13%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Diamondback Energy's Scope 1 emissions increased by 18.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Diamondback Energy's Scope 2 emissions?
In 2023, Diamondback Energy reported Scope 2 greenhouse gas (GHG) emissions of 953,809 tCO₂e using the location-based method. a
Has Diamondback Energy reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Diamondback Energy's Scope 2 emissions (Location-Based) rose by 41.5% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Diamondback Energy use for Scope 2 reporting?
In 2023, Diamondback Energy reported its Scope 2 emissions using the location-based method. a
Diamondback Energy's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Diamondback Energy's Value Chain Emissions
In 2023, Diamondback Energy reported 52,453,762 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Diamondback Energy includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Diamondback Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Diamondback Energy's Scope 3 emissions?
In 2023, Diamondback Energy reported total Scope 3 emissions of 52,453,762 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Diamondback Energy's Scope 3 emissions increased by 16.33%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Diamondback Energy disclose?
In 2023, Diamondback Energy reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Diamondback Energy's Scope 3 emissions?
In 2023, the largest contributors to Diamondback Energy's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 52,453,762 tCO₂e (100%)
Diamondback Energy's Scope 3 Emissions by Categories
Insights into Diamondback Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Diamondback Energy reported Scope 1 greenhouse gas (GHG) emissions of 1,757,044 tCO₂e and total revenues of USD 8,412 millions. This translates into an emissions intensity of 208.87 tCO₂e per millions USD. a
Diamondback Energy's Scope 1 Emissions Intensity Compared to Peers
How does Diamondback Energy's GHG emissions intensity compare to its peers?
In 2023, Diamondback Energy reported a Scope 1 emissions intensity of 208.87 tCO₂e per millions USD. Compared to the peer group median of 329.63 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Diamondback Energy rank on GHG emissions intensity within its industry?
In 2023, Diamondback Energy ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Diamondback Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Diamondback Energy's Total Carbon Footprint
In 2023, Diamondback Energy reported a total carbon footprint of 55,164,615 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.75% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Diamondback Energy's total carbon footprint was Scope 3 emissions, accounting for 95.09% of the company's total carbon footprint, followed by Scope 1 emissions at 3.19%. a