Investor Relations Committed to Energy Transition in the Sector

Corporate Profile

California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC is committed to environmental stewardship while safely providing local, responsibly sourced energy. CRC is also focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.

Value

Focus on high-value crude oil-weighted projects

Conventional Inventory

Maintain an appropriate share of conventional projects in our production mix to manage production declines

Joint Ventures

Enhance stockholder value by pursuing upstream and midstream joint venture opportunities including exploration ventures

Provide Clean Energy

Work to provide clean energy for Californians by Californians

Safety, Environment Protection and Community Outreach

Maintain a proactive and collaborative approach to safety, environmental protection and community outreach, while helping the state address its energy and water needs

Efficiency

Apply proven modern development and production methods to enhance production growth and cost efficiency

Technology

Utilize advanced technologies to improve our operations