Magnolia Oil & Gas
Magnolia Oil & Gas Corporation, commonly referred to as Magnolia Oil & Gas, is a prominent player in the US oil and gas industry, headquartered in Houston, Texas. Founded in 2017, the company has quickly established itself in key operational regions, particularly in the Eagle Ford Shale and the Austin Chalk formations. Specialising in the exploration and production of oil and natural gas, Magnolia Oil & Gas focuses on leveraging advanced technologies and efficient operational practices to optimise resource extraction. The company is recognised for its commitment to sustainability and operational excellence, which sets it apart in a competitive market. With a strong portfolio of assets and a strategic approach to growth, Magnolia Oil & Gas has achieved significant milestones, positioning itself as a reliable and innovative entity in the energy sector.
DitchCarbon Score
How does Magnolia Oil & Gas'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 Crude Oil Extraction 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
Magnolia Oil & Gas's score of 10 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Magnolia Oil & Gas's reported carbon emissions
In 2024, Magnolia Oil & Gas reported significant carbon emissions, with Scope 1 emissions totalling approximately 622,491,000,000 kg CO2e and Scope 2 emissions at about 19,001,000,000 kg CO2e. This marks a slight decrease in Scope 1 emissions from 2023, where they were approximately 626,933,000,000 kg CO2e, while Scope 2 emissions also saw a minor reduction from about 18,638,000,000 kg CO2e. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Over the past few years, Magnolia has demonstrated a commitment to monitoring and reporting its emissions, although it has not set specific reduction targets or initiatives as part of its climate strategy. In 2022, Magnolia's emissions were significantly lower, with Scope 1 emissions at approximately 445,322,000 kg CO2e and Scope 2 emissions at about 7,678,000 kg CO2e. This indicates a trend of increasing emissions in the following years, particularly in Scope 1. Overall, while Magnolia Oil & Gas has made strides in emissions reporting, the absence of defined reduction targets suggests a need for enhanced climate commitments to align with industry standards and expectations for sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 371,090,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000,000,000 | 000,000,000,000,000 |
| Scope 2 | - | - | - | 0,000,000 | 00,000,000,000,000 | 00,000,000,000,000 |
| 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.
Magnolia Oil & Gas 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.
