California Resources (CRC)

Overall impact
D (20)

Commentary

California Resources is a below-average overall performer. With a 'D' rating of 20.3 for overall impact (bottom 10% of all companies), California Resources ranks 57th out of 95 industry peers, behind EQT Corporation, Kosmos Energy, Hess Midstream Partners and 53 others, and ahead of Talisman Energy , Murphy Oil, Civitas Resources and 35 others. On top material causes for California Resources's industry (Oil & Gas), California Resources performs poorly in No Poverty (23.0 score), Improved Mental Health (10.2), Clean Water Access (33.2) and 14 other causes where it received a 'D' or 'F' score. California Resources did not receive an 'A' rating on any cause.
Impact
Cause CRC
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Company
Founded
2014
Employees
2,500
Sector
Energy
Industry
Oil, Gas & Consumable Fuels
Sub-industry
Oil & Gas Exploration & Production
SASB industry
Oil & Gas - Exploration & Production
Headquarters
Ca, United States
Share classes
CRC
Mission
To maximize stockholder returns by safely and responsibly developing high-growth, high-return conventional and unconventional assets in California while benefiting our communities and the state.
Description
California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids, and natural gas to California refineries, marketers, and other purchasers. It also provides Carbon TerraVault, which builds, installs, operates, and maintains CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
Material causes
Ethos considers the following causes material for California Resources, based on its industry sub-industry Oil & Gas Exploration & Production. Learn more about material causes in our methodology overview.

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