Paramount Resources Ltd

Common Name
Paramount Resources
Country
Canada
Sector
Energy
Industry
Oil & Gas E&P
Employees
566
Ticker
POU
Exchange
TORONTO STOCK EXCHANGE
Description
Paramount Resources Ltd. is a Canadian energy company primarily engaged in exploring, developing, and producing natural gas and crude oil resources. Operating in the hydrocarbon sector, the company's ...

Paramount Resources's GHG Emissions Data Preview

In 2023, Paramount Resources 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) and Scope 2 (indirect emissions from purchased energy).

However, Paramount Resources has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Paramount Resources’s Greenhouse Gas (GHG) Emissions Data

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a. Paramount Resources's ESG Report 2024
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Insights into Paramount Resources's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Paramount Resources amounted to 513,717 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 Paramount Resources decreased by 8.34%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Paramount Resources's Scope 1 Emissions Over Time

201920202021202220230150 k300 k450 k600 ktCO2e-13%-14%+15%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Paramount Resources's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Paramount Resources were 460,416 metric tons of CO₂ equivalent (tCO₂e). a

Has Paramount Resources reduced its Scope 1 emissions over time?

Since 2019, Paramount Resources's Scope 1 emissions have decreased by 18.4%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Paramount Resources's Scope 1 emissions decreased by 4.83%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Paramount Resources's Scope 2 emissions?

In 2023, Paramount Resources reported Scope 2 greenhouse gas (GHG) emissions of 53,301 tCO₂e without specifying the calculation method. a

Has Paramount Resources reduced its Scope 2 emissions over time?

Since 2019, Paramount Resources's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 59.85%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Paramount Resources's Scope 2 emissions (Unspecified Calculation Method) fell by 30.5% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Paramount Resources use for Scope 2 reporting?

In 2023, Paramount Resources reported its Scope 2 emissions using an unspecified methodology. a

Paramount Resources's Scope 2 Emissions Over Time

20192020202120222023035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Paramount Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Paramount Resources reported Scope 1 greenhouse gas (GHG) emissions of 460,416 tCO₂e and total revenues of USD 1,551 millions. This translates into an emissions intensity of 296.81 tCO₂e per millions USD. a

Paramount Resources's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)OOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MNuvista EnergyYear: 2023Scope 1: 319,098 tCO2eRevenue: $M 1,056Scope 1 Intensity: 302.16 tCO2e/$MMEG EnergyYear: 2022Scope 1: 2,368,081 tCO2eRevenue: $M 4,687Scope 1 Intensity: 505.30 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MJapan Petroleum ExplorationYear: 2023Scope 1: 217,000 tCO2eRevenue: $M 2,526Scope 1 Intensity: 85.90 tCO2e/$MPrioYear: 2023Scope 1: 430,000 tCO2eRevenue: $M 2,455Scope 1 Intensity: 175.19 tCO2e/$MTourmaline OilYear: 2022Scope 1: 2,933,544 tCO2eRevenue: $M 6,411Scope 1 Intensity: 457.55 tCO2e/$MTexas Pacific Land CorpYear: 2023Scope 1: 13,819 tCO2eRevenue: $M 632Scope 1 Intensity: 21.88 tCO2e/$MVista EnergyYear: 2023Scope 1: 278 tCO2eRevenue: $M 1,169Scope 1 Intensity: 0.24 tCO2e/$MMurphy OilYear: 2023Scope 1: 1,083,362 tCO2eRevenue: $M 3,449Scope 1 Intensity: 314.12 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MCoterra EnergyYear: 2023Scope 1: 1,358,410 tCO2eRevenue: $M 5,914Scope 1 Intensity: 229.69 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MPTTEPYear: 2023Scope 1: 6,744,227 tCO2eRevenue: $M 8,733Scope 1 Intensity: 772.23 tCO2e/$MRange ResourcesYear: 2023Scope 1: 202,525 tCO2eRevenue: $M 2,553Scope 1 Intensity: 79.32 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MExpand EnergyYear: 2023Scope 1: 799,373 tCO2eRevenue: $M 7,775Scope 1 Intensity: 102.81 tCO2e/$MParamount ResourcesYear: 2023Scope 1: 460,416 tCO2eRevenue: $M 1,551Scope 1 Intensity: 296.81 tCO2e/$M

How does Paramount Resources's GHG emissions intensity compare to its peers?

In 2023, Paramount Resources reported a Scope 1 emissions intensity of 296.81 tCO₂e per millions USD. Compared to the peer group median of 264.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Paramount Resources rank on GHG emissions intensity within its industry?

In 2023, Paramount Resources ranked 11 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Paramount Resources is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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