California Resources Corp

Common Name
California Resources
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,550
Ticker
CRC
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
California Resources Corporation is an independent oil and natural gas exploration and production company. As a key player within the energy sector, it focuses on the extraction of crude oil, natural ...

California Resources's GHG Emissions Data Preview

In 2023, California Resources completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, California Resources has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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b
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind California Resources’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore California Resources’s data sources below and access millions more through our Disclosure Search.

a. California Resources's Sustainability Report 2023
a. California Resources's Sustainability Report 2023
b. California Resources's CDP Climate sourced from company’s website 2023
b. California Resources's CDP Climate sourced from company’s website 2023
c. California Resources's Sustainability Report 2021
c. California Resources's Sustainability Report 2021
d. California Resources's Sustainability Report 2019
d. California Resources's Sustainability Report 2019

Insights into California Resources's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of California Resources amounted to 2,755,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of California Resources decreased by 0.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

California Resources's Scope 1 Emissions Over Time

2018201920202021202220230900 k1.8 M2.7 M3.6 MtCO2e-10%-10%-2%-9%+3%
  • Total Scope 1
  • Year-over-Year Change

What are California Resources's Scope 1 emissions?

In 2023, the total Scope 1 emissions of California Resources were 2,603,000 metric tons of CO₂ equivalent (tCO₂e). a

Has California Resources reduced its Scope 1 emissions over time?

Since 2018, California Resources's Scope 1 emissions have decreased by 25.63%, reflecting a declining long-term trend in Scope 1 emissions over time. a d

Compared to the previous year (2022), California Resources's Scope 1 emissions increased by 3.41%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are California Resources's Scope 2 emissions?

In 2023, California Resources reported Scope 2 greenhouse gas (GHG) emissions of 152,000 tCO₂e using the location-based method. a

Has California Resources reduced its Scope 2 emissions over time?

Since 2018, California Resources's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 37.7%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2022), California Resources's Scope 2 emissions (Location-Based) fell by 38.28% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does California Resources use for Scope 2 reporting?

In 2023, California Resources reported its Scope 2 emissions using the location-based method. a

California Resources's Scope 2 Emissions Over Time

201820192020202120222023080 k160 k240 k320 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into California Resources's Value Chain Emissions

In 2023, California Resources reported 14,749,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of California Resources includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

California Resources's Scope 3 Emissions Over Time

20182019202020212022202305.5 M11 M16.5 M22 MtCO2e-4%-12%-7%-3%-5%
  • Total Scope 3
  • Year-over-Year Change

What are California Resources's Scope 3 emissions?

In 2023, California Resources reported total Scope 3 emissions of 14,749,000 metric tons of CO₂ equivalent (tCO₂e). a

Has California Resources reduced its Scope 3 emissions over time?

Since 2018, California Resources's Scope 3 emissions have decreased by 26.79%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2022), California Resources's Scope 3 emissions remained relatively stable, indicating that California Resources 's emissions have plateaued with no significant change in its value chain footprint. a b

Insights into California Resources’s GHG Emissions Intensity Compared to Industry Peers

In 2023, California Resources reported Scope 1 greenhouse gas (GHG) emissions of 2,603,000 tCO₂e and total revenues of USD 2,813 millions. This translates into an emissions intensity of 925.35 tCO₂e per millions USD. a

California Resources's Scope 1 Emissions Intensity Compared to Peers

1050020,0002,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)Talos EnergyYear: 2023Scope 1: 897,885 tCO2eRevenue: $M 1,458Scope 1 Intensity: 615.88 tCO2e/$MVital EnergyYear: 2023Scope 1: 663,046 tCO2eRevenue: $M 1,548Scope 1 Intensity: 428.43 tCO2e/$MSM EnergyYear: 2024Scope 1: 887,972 tCO2eRevenue: $M 2,671Scope 1 Intensity: 332.41 tCO2e/$MComstock ResourcesYear: 2024Scope 1: 328,836 tCO2eRevenue: $M 1,254Scope 1 Intensity: 262.32 tCO2e/$MEQT CorpYear: 2023Scope 1: 668,626 tCO2eRevenue: $M 5,070Scope 1 Intensity: 131.88 tCO2e/$MGulfport EnergyYear: 2023Scope 1: 275,100 tCO2eRevenue: $M 1,051Scope 1 Intensity: 261.66 tCO2e/$MTexas Pacific Land CorpYear: 2023Scope 1: 13,819 tCO2eRevenue: $M 632Scope 1 Intensity: 21.88 tCO2e/$MCNX ResourcesYear: 2023Scope 1: 559,769 tCO2eRevenue: $M 1,506Scope 1 Intensity: 371.62 tCO2e/$MMagnolia Oil & GasYear: 2024Scope 1: 622,491 tCO2eRevenue: $M 1,316Scope 1 Intensity: 473.06 tCO2e/$MDiamondback EnergyYear: 2023Scope 1: 1,757,044 tCO2eRevenue: $M 8,412Scope 1 Intensity: 208.87 tCO2e/$MNorthern Oil and GasYear: 2024Scope 1: 17 tCO2eRevenue: $M 2,154Scope 1 Intensity: 0.01 tCO2e/$MOccidental PetroleumYear: 2024Scope 1: 17,900,000 tCO2eRevenue: $M 26,725Scope 1 Intensity: 669.78 tCO2e/$MOvintivYear: 2024Scope 1: 4,669,988 tCO2eRevenue: $M 9,152Scope 1 Intensity: 510.27 tCO2e/$MPermian ResourcesYear: 2023Scope 1: 2,150,671 tCO2eRevenue: $M 3,121Scope 1 Intensity: 689.12 tCO2e/$MMurphy OilYear: 2024Scope 1: 986,645 tCO2eRevenue: $M 3,019Scope 1 Intensity: 326.86 tCO2e/$MAPA Corp (US)Year: 2023Scope 1: 5,962,000 tCO2eRevenue: $M 8,279Scope 1 Intensity: 720.14 tCO2e/$MCoterra EnergyYear: 2024Scope 1: 1,177,337 tCO2eRevenue: $M 5,458Scope 1 Intensity: 215.71 tCO2e/$MEOG ResourcesYear: 2023Scope 1: 5,700,000 tCO2eRevenue: $M 23,182Scope 1 Intensity: 245.88 tCO2e/$MRange ResourcesYear: 2024Scope 1: 195,199 tCO2eRevenue: $M 2,347Scope 1 Intensity: 83.17 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MCivitas ResourcesYear: 2023Scope 1: 1,920,131 tCO2eRevenue: $M 3,479Scope 1 Intensity: 551.88 tCO2e/$MCalifornia ResourcesYear: 2023Scope 1: 2,603,000 tCO2eRevenue: $M 2,813Scope 1 Intensity: 925.35 tCO2e/$M

How does California Resources's GHG emissions intensity compare to its peers?

In 2023, California Resources reported a Scope 1 emissions intensity of 925.35 tCO₂e per millions USD. Compared to the peer group median of 326.86 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does California Resources rank on GHG emissions intensity within its industry?

In 2023, California Resources ranked 22 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places California Resources among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into California Resources's Total Carbon Footprint

In 2023, California Resources reported a total carbon footprint of 17,504,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.13% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to California Resources's total carbon footprint was Scope 3 emissions, accounting for 84.26% of the company's total carbon footprint, followed by Scope 1 emissions at 14.87%. a

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