Company Directory - Coterra Energy
Company Details - Coterra Energy
Coterra Energy
WebsiteCoterra Energy is an energy company focused on developing shale oil and gas resources, providing services for energy extraction and management.
CCI Score
CCI Score: Coterra Energy
1.18
Latest Event
Coterra Energy 2024 Political Contributions
An OpenSecrets profile reveals that Coterra Energy contributed approximately $528,124 during the 2024 election cycle, with no reported federal lobbying activity. This data highlights the company's involvement in political financing.
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OBJECTOR
Coterra Energy is currently rated as an Objector.
Latest Events
- DEC312024
An OpenSecrets profile reveals that Coterra Energy contributed approximately $528,124 during the 2024 election cycle, with no reported federal lobbying activity. This data highlights the company's involvement in political financing.
-10
Political Contributions and Lobbying Efforts
March 31
The reported contribution of $528,124 in the 2024 cycle, as documented by OpenSecrets, reflects Coterra Energy's engagement in political funding. While there was no accompanying federal lobbying, the act of channeling money into the political process can enhance corporate influence over policy-making, which from an anti-authoritarian perspective raises concerns about complicity in maintaining the status quo and potentially reinforcing power structures that may favor authoritarian tendencies.
- NOV012023
Coterra Energy issued its 2023 Sustainability Report detailing extensive ESG initiatives including emissions reduction, investments in innovative detection and safety technologies, workforce and community engagement, as well as disclosures on political contributions to various industry groups.
-20
Public and Political Behavior
March 31
The report discloses political contributions and dues paid to industry lobby groups. While these disclosures are transparent, supporting fossil fuel trade associations may encourage policies that undermine progressive, environmentally focused governance.
+30
Business Practices and Ethical Responsibility
March 31
The sustainability report lays out detailed and transparent ESG practices, including robust environmental management, workforce safety protocols, and community engagement efforts, reflecting ethical business practices.
+20
Technology and Services Impact
March 31
Investments in advanced emissions detection, electrification of equipment, and other technological initiatives indicate a positive stride toward reducing environmental impact and enhancing operational safety.
-30
Economic and Structural Influence
March 31
Despite comprehensive ESG disclosures, Coterra’s core business in shale oil and gas extraction and its significant market influence raise concerns about broader structural impacts that may undermine environmental justice and hinder progressive policy shifts.
- MAR202023
On March 20, 2023, Coterra Energy filed its proxy statement (DEF 14A) that details new measures for board oversight of political contributions. The filing emphasizes transparent public disclosure of donation recipients and amounts, as well as a broader commitment to ESG initiatives and governance reform in the post‐merger era.
+40
Public and Political Behavior
March 31
Coterra’s proxy statement highlights strong board oversight and transparency in disclosing political contributions. Such public disclosure aligns with progressive best practices in corporate transparency and accountability, mitigating potential complicity in supporting authoritarian influences.
- NOV292022
Coterra Energy is facing a scheduled plea hearing in Susquehanna County Court over felony charges related to alleged pollution of an aquifer in a small Pennsylvania community. The case recalls past environmental controversies from its corporate predecessor, Cabot Oil & Gas, raising serious concerns over the company’s environmental and ethical practices.
-40
Business Practices and Ethical Responsibility
March 31
The pollution charges and legal proceedings indicate a failure in upholding ethical business practices. By allegedly contaminating a community’s water source, Coterra Energy demonstrates a disregard for environmental and public welfare, reflective of broader corporate irresponsibility. This negative action undermines community trust and safe environmental practices, key concerns within the realm of business ethics.
Plea hearing scheduled for Houston-based Coterra Energy for pollution charges
- NOV292022
Coterra Energy entered a plea deal in Susquehanna County Court, pleading no contest to a misdemeanor charge related to the pollution of Dimock, Pennsylvania's drinking water. The settlement requires the company to pay $16.29 million toward a new public water system and cover residents' water bills for 75 years, marking a long-overdue acknowledgment of its environmental misconduct.
-40
Business Practices and Ethical Responsibility
March 31
Coterra Energy's decision to plead no contest to environmental pollution charges reflects unethical business practices by prioritizing profit over community well-being. The lengthy history of denials and eventual acceptance of responsibility under legal pressure underscores a pattern of behavior that negatively impacts public welfare and environmental safety.
- NOV012022
Coterra Energy released an updated Human Rights Policy Statement in November 2022 that reaffirms its commitment to human rights in the workplace and local communities by outlining policies against forced labor, discrimination, and by emphasizing the protection of indigenous peoples’ rights.
+60
Labor Relations and Human Rights Practices
March 31
The published policy demonstrates a proactive commitment to human rights, highlighting initiatives to prevent forced and child labor, enforce non-discrimination in the workplace, and protect the rights and cultural heritage of indigenous communities. This move, while aligning with ethical business practices and labor rights, signals a positive step from an anti-authoritarian and pro-human rights perspective.
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Corporate Financials
- Revenue
- 2023
- $2.30B
- Total Assets
- 2023
- $8.00B
- Operating Income
- 2023
- $1.20B
Industries
- 211120
- Crude Petroleum Extraction
- 213112
- Support Activities for Oil and Gas Operations
- 486110
- Pipeline Transportation of Crude Oil