Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Lower crude oil prices and the resultant decrease in capital spending by clients leading to project deferrals and delays, backlog declines, and increased risk of project cancellations and contractual modifications.
• Reduced demand from customers resulting in an oversupply of services and products, substantially reducing prices charged.
• Adverse effects of materially lower commodity prices on results of operations, cash flows, and financial condition.

Mitigation Strategies

• Implemented various cost-saving measures, including closing underperforming completion services locations and company-wide headcount reductions (approximately 33% since the beginning of 2015).

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Global weather conditions and natural disasters

Transition Risks

• Regulatory changes, market shifts (e.g., towards fuel efficiency and use of natural gas), and the development of alternative fuels.