Employee wearing helmet looking down

Safely Producing
Essential Energy

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

CRC explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. CRC makes significant use of advanced technologies to enhance safety and efficient production across our leading mineral acreage position and diverse portfolio. These technologies enable more production while minimizing the footprint of oil and gas development. CRC is a responsible steward of the environment in its development of our energy resources with ESG Goals that meet or exceed California’s unparalleled sustainability standards.

CRC produces energy in a safe and responsible manner to help support and enhance the quality of life of Californians and the local communities where we live and operate. Our homes, farms, businesses and communities need ample, safe and reliable energy and CRC is proud to help meet that need. CRC’s dedicated workforce develops dependable local oil and natural gas reserves that help to reduce our state’s chronic dependence on imported energy. For the past nine years, our employees have received Excellence Achievement Awards from the National Safety Council for their exemplary safety performance across our statewide operations. In fact, in 2024 our California workforce received 22 National Safety Council awards with respect to our 2023 performance. In addition, our safety record for our combined workforce of employees and contractors is consistently better than the finance, insurance, and real estate sectors.


Employee looking at mountains

Committed to
Carbon Management and Reducing Emissions

At CRC, we recognize climate change needs to be addressed through thoughtful and responsible government and private sector policies and market-based technology solutions, such as CCS, that must benefit working families and all parts of our society. CRC is dedicated to reducing emissions in California and aligned with the state’s ambitious climate goals. We are committed to the transition in the energy sector and are expanding our ESG leadership and carbon management business to help decarbonize California with low carbon initiatives such as Carbon TerraVault.

Low carbon intensity fuel for today and net zero fuel for the future

ESG Goals

Building upon the company’s carbon management strategy, in November 2021, CRC adopted a 2045 Full-Scope Net Zero Goal for Scope 1, 2 and 3 emissions. In April 2022, CRC announced updated and expanded ESG Goals that meet or exceed California’s unparalleled sustainability standards – not only related to lowering greenhouse gas (GHG) emissions, but also to decreasing methane emissions; reducing freshwater consumption; prioritizing diversity, equity and inclusion; enhancing community engagement, and increasing accountability through linking executive compensation to ESG performance. Following the acquisition of Aera Energy, LLC, CRC is in the process of evaluating the impact of the transaction on our ESG goals and ambitions. The goals communicated throughout the website and other communications are subject to change after this process is completed. Learn more on our ESG Goals page in our ESG section.

THUMS Islands in Long Beach

Investing
in California

As an independent company operating exclusively in California, CRC applies advanced technologies to produce local energy production in a safe, environmentally responsible and cost-effective manner that is consistent with the interests of our surrounding communities.

CRC is also an economic engine for California supporting thousands of jobs and careers. Since 2014, our operations have invested approximately $18.7 billion with more than 2,000 suppliers and vendors and provided nearly $3.4 billion in oil and gas revenues and taxes to the State and our host counties and cities where we live and work. And, all of CRC’s local oil and natural gas resources – unlike imported energy – have been produced under the state’s world-leading safety, labor, human rights and environmental standards.

With approximately 1.7 million net mineral acres spanning three of California's major oil and gas basins as of year-end 2023, CRC holds the largest privately owned mineral acreage position in the state. In 2023, we drilled and completed approximately 30 net development wells throughout the state.

Visit our Investor Relations section for important information about drilling locations.

Learn more by downloading our CRC Snapshot brochure, available in English (PDF) and Spanish (PDF).