SM Energy Company

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SM Energy, founded in 1908, is a company with a longstanding, principled approach to doing business. Our company values drive our behavior – building open, honest and transparent relationships with our stakeholders. As an independent exploration and production company with operations across North America, it’s our above-ground assets – our people – who set SM Energy apart from other oil and gas companies. We’re passionate about what we do and committed to doing our jobs the right way. That means we focus on operating every job site safely and in a manner that respects the environment and minimizes our footprint. We treat people the way we want to be treated – fairly and with respect. We strongly believe that our values, commitment to excellence, flexibility and experience give SM Energy the edge and resilience to continue our long-term success as a strategic player in the energy industry.

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3.2

Overall Excellence Rating

Industry

Oil, Gas and Mining

Category

Energy & Utilities

ESG/Ethical Impact

Our purpose is to make people’s lives better by responsibly producing energy supplies, contributing to domestic energy security and prosperity, and having a positive impact in the communities where we live and work. Our long-term vision is to sustainably grow value for all of our stakeholders by maintaining and optimizing our high-quality asset portfolio, generating cash flows and maintaining a strong balance sheet. Our strategy is to be a premier operator of top-tier assets. Our operations prioritize safety and environmental stewardship; our corporate culture emphasizes integrity and encourages innovation; and the compensation of all employees is tied to environmental, social and governance (ESG) objectives. Zero routine flaring and non-routine flaring at 0.4% of total gas produced. SM Energy operations beat our 2023 objective one year early, and we expect to continue to meet our target of zero-routine flaring at all SM Energy operations and for non-routine flaring to be less than 1% in the years ahead. Flaring is down 83% from our 2019 base year, making this effort the largest contributor to reducing our GHG intensity! Methane intensity of 0.03 mT CH4/MBoe. Beating our target methane intensity of 0.04, we ranked #2 for lowest methane intensity among Permian Basin operators by Basinwide Independent Methane Emissions Insights. Methane intensity is down approximately one-third from an already low base year 2019. Scope 1 + 2 GHG emissions intensity of 8.23 mT CO2e/MBoe. This demonstrates substantial progress toward our longer-term target of a reduction of 50% by 2030. Scope 1 + 2 GHG emissions intensity is already down 41% from our base year of 2019. Top-quartile TRIR. Our total recordable incident rate for our employees and contract workers was 0.32, which is top quartile among our AXPC peers. Safety is truly a priority.

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Awards Received

2023

Revenues

$3,300,000,000.00

Website Traffic

Employee Rating

3.9

Customer Rating

3.5

Company Size

100-1000

ESG Risk Rating

2

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