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California Resources Corporation

California Resources Corporation (CRC) is a publicly listed oil and gas company headquartered in the USA. In 2020, it had USD 1.56 billion in revenue and a reported 1,000 employees*. CRC operates in four oil and gas basins in California and undertakes exploration and production, gas processing and power generation activities. CRC shows no intention of moving away from oil and gas production in the long term.

Ranking position
#26/100
Total score
16.9/100
Performance score
2.1/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

6.7 / 100 #30

Material Investment

7.3 / 100 #47

Intangible Investment

0.0 / 100 #20

Sold products

0.1 / 100 #53

Management

42.5 / 100 #33

Supplier Engagement

41.3 / 100 #7

Client Engagement

5.0 / 100 #39

Policy Engagement

20.0 / 100 #47

Business Model

0.0 / 100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

CRC receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. The company’s emissions reduction target does not clearly disclose the amount of absolute scope 1 and 2 emissions it plans to reduce from its oil and gas business specifically.

Furthermore, the company does not have plans for any significant new low-carbon business activities. Although the company expects to reduce its GHG emissions through its CCS project, this in turn will be used for enhanced oil recovery (EOR), contributing to increased production of oil and gas and scope 3 emissions.

Progress towards the Paris Agreement

More about the company

Headquarters
Los Angeles, USA
Group revenue
USD 1.56 billion
Ownership structure
Publicly listed
Number of employees
1,000
Scope of activity
Semi integrated
Website
https://www.crc.com/