Helmerich and Payne Inc

Common Name
Helmerich and Payne
Country
United States
Sector
Energy
Industry
Oil & Gas Drilling
Employees
7,000
Ticker
HP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Helmerich & Payne Inc. is a leading provider in the oil and gas drilling industry, primarily engaged in hydrocarbon exploration. The company specializes in contract drilling services and operates a su...

Helmerich and Payne Energy Data Preview

In 2023, Helmerich and Payne disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

Helmerich and Payne disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Helmerich and Payne also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Helmerich and Payne's reliance on fossil fuels versus cleaner alternatives.

Metric (GJ)2024202320222021 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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This table provides a simplified preview of selected energy data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Helmerich and Payne's Energy Renewability

In 2023, Helmerich and Payne consumed a total of 16.65 million Gigajoules of energy across its operations. Of this total, 0.1% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 99.9% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.

Helmerich and Payne's Energy Renewability Rate

0%

How much of Helmerich and Payne's energy consumed is renewable?

In 2023, Helmerich and Payne consumed a total of 16.65 million Gigajoules of energy, of which 0.1% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.

This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Helmerich and Payne has considerable room to improve its energy sustainability strategy.

Are Helmerich and Payne's energy practices becoming more sustainable?

Since 2021, Helmerich and Payne's total energy consumption increased by 59.02%, including a 6.39% increase in 2023, reflecting a sustained rise in overall energy demand.

Over the same period, the share of renewable energy decreased by 21.45%, yet improved by 22.78% in 2023, suggesting a rebound in renewable sourcing.

Overall, Helmerich and Payne’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

Helmerich and Payne's Renewable vs Non-renewable Energy Over Time

18.29 M8.79 M706.66 k18.29 MGigajoules (GJ)202120222023100%100%100%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Helmerich and Payne's Energy Consumption & Production Mix

In 2023, Helmerich and Payne disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Helmerich and Payne's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.

Helmerich and Payne's Energy Consumed by Sources and Technologies

Diesel(95.9%)

What are the main sources and generation technologies behind Helmerich and Payne's energy consumption?

In 2023, Helmerich and Payne's total energy consumption was primarily sourced from

  • Diesel (95.88%)
  • Electricity (Unspecified Source) (2.16%)
  • Gasoline (Petrol) (0.87%)

How diverse is Helmerich and Payne’s energy consumption mix?

In 2023, Helmerich and Payne consumed energy from 8 different sources or generation technologies, indicating a highly concentrated energy mix, with Diesel alone accounting for 95.88% of total consumption.

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