Leading California Energy into the Future: California Resources Corporation Releases 2024 Sustainability Report
California Resources Corporation (NYSE: CRC), California's largest oil and gas producer, has released its 2024 Sustainability Report highlighting significant environmental achievements and strategic initiatives. The company introduced its Responsible Net Zero (RNZ) strategy following its merger with Aera Energy, achieving a 27% reduction in Scope 1 and 2 emissions and a 32% decrease in legacy methane emissions compared to 2020 baseline.
Through its Carbon TerraVault subsidiary, CRC is set to complete California's first carbon capture and storage project by end-2025, with CO₂ injection planned for early 2026. The company secured California's first EPA permits for underground CO2 injection and maintained a well production carbon intensity 9% below the state average, while recycling approximately 75% of total produced water.
California Resources Corporation (NYSE: CRC), il più grande produttore di petrolio e gas della California, ha pubblicato il suo Rapporto di Sostenibilità 2024 evidenziando importanti traguardi ambientali e iniziative strategiche. L'azienda ha introdotto la sua strategia Responsible Net Zero (RNZ) in seguito alla fusione con Aera Energy, ottenendo una riduzione del 27% delle emissioni Scope 1 e 2 e una riduzione del 32% delle emissioni di metano legacy rispetto alla linea di base del 2020.
Attraverso la sua controllata Carbon TerraVault, CRC si appresta a completare entro la fine del 2025 il primo progetto di cattura e stoccaggio del carbonio della California, con iniezione di CO₂ pianificata per l'inizio del 2026. L'azienda ha ottenuto i primi permessi EPA della California per l'iniezione sotterranea di CO₂ e ha mantenuto un'intensità di produzione di pozzi 9% al di sotto della media statale, al tempo stesso riciclando circa il 75% dell'acqua prodotta.
California Resources Corporation (NYSE: CRC), el mayor productor de petróleo y gas de California, ha publicado su Informe de Sostenibilidad 2024 destacando logros ambientales significativos e iniciativas estratégicas. La empresa presentó su estrategia Responsible Net Zero (RNZ) tras su fusión con Aera Energy, logrando una reducción del 27% en las emisiones Scope 1 y 2 y una reducción del 32% en las emisiones de metano heredadas respecto a la línea base de 2020.
A través de su subsidiaria Carbon TerraVault, CRC se prepara para completar el primer proyecto de captura y almacenamiento de carbono de California para finales de 2025, con inyección de CO₂ prevista para principios de 2026. La empresa obtuvo los primeros permisos de la EPA en California para la inyección subterránea de CO₂ y mantuvo una intensidad de producción de pozo 9% por debajo de la media estatal, al tiempo que recicla aproximadamente el 75% del agua producida.
California Resources Corporation (NYSE: CRC), 캘리포니아에서 가장 큰 석유 및 가스 생산업체가 2024 지속가능성 보고서를 발표하며 중요한 환경 성과와 전략적 이니셔티브를 강조했습니다. 합병 이후 도입된 Responsible Net Zero (RNZ) 전략으로 2020년 기준선 대비 Scope 1 및 2 배출량을 27% 감소, 전통적 메탄 배출을 32% 감소시켰습니다.
CRC의 Carbon TerraVault 자회사를 통해 캘리포니아주 최초의 탄소 포집 및 저장(CO2 주입) 프로젝트를 2025년 말까지 완료하고 2026년 초 CO2 주입을 계획하고 있습니다. 이 회사는 CO2 지하 주입에 대해 캘리포니아주에서 처음으로 EPA 허가를 받았고 주 평균보다 9% 낮은 유정 생산 탄소집약도를 유지하며 생산된 물의 약 75%를 재활용하고 있습니다.
California Resources Corporation (NYSE: CRC), le plus grand producteur de pétrole et de gaz de Californie, a publié son rapport de durabilité 2024 soulignant des réalisations environnementales importantes et des initiatives stratégiques. L'entreprise a introduit sa stratégie Responsible Net Zero (RNZ) après sa fusion avec Aera Energy, réalisant une réduction de 27 % des émissions Scope 1 et 2 et une réduction de 32 % des émissions de méthane historiques par rapport à la ligne de base 2020.
Par l'intermédiaire de sa filiale Carbon TerraVault, CRC est prête à achever le premier projet californien de capture et stockage du carbone d'ici fin 2025, avec une injection de CO₂ prévue pour le début de 2026. L'entreprise a obtenu les premiers permis EPA de Californie pour l'injection souterraine de CO₂ et a maintenu une intensité de production de puits à 9 % en dessous de la moyenne de l'État, tout en recyclant environ 75 % de l'eau produite.
California Resources Corporation (NYSE: CRC), Californias größter Öl- und Gasproduzent, hat ihren Nachhaltigkeitsbericht 2024 veröffentlicht und dabei bedeutende Umweltleistungen und strategische Initiativen hervorgehoben. Das Unternehmen führte seine Responsible Net Zero (RNZ)-Strategie nach der Fusion mit Aera Energy ein und erzielte eine 27%-ige Reduzierung der Emissionen der Stufen 1 und 2 sowie eine 32%-Reduktion der Legacy-Methanemissionen gegenüber der Basislinie von 2020.
Durch die Tochtergesellschaft Carbon TerraVault bereitet sich CRC darauf vor, bis Ende 2025 das erste Kalifornien-weite CO₂-Abscheidungs- und -Speicherprojekt abzuschließen, mit CO₂-Injektion geplant für Anfang 2026. Das Unternehmen sicherte sich die ersten EPA-Genehmigungen des Bundesstaates für unterirdische CO₂-Injektionen und hielt eine Bohrlochproduktions-Carbon-Intensität, die 9% unter dem staatlichen Durchschnitt liegt, während ca. 75% des insgesamt produzierten Wassers recycelt wird.
California Resources Corporation (NYSE: CRC)، أكبر منتج للنفط والغاز في كاليفورنيا، أصدرت تقرير الاستدامة لعام 2024 الذي يبرز إنجازات بيئية مهمة ومبادرات استراتيجية. قدمت الشركة استراتيجية Responsible Net Zero (RNZ) بعد اندماجها مع Aera Energy، محققة تقليلًا بنسبة 27% في انبعاثات النطاق 1 و2 وتخفيضًا بنسبة 32% في انبعاثات الميثان القديمة مقارنة بخط الأساس 2020.
من خلال شركتها التابعة Carbon TerraVault، تستعد CRC لإتمام أول مشروع لالتقاط وتخزين الكربون في كاليفورنيا بحلول نهاية 2025، مع حقن CO₂ مخطط له في أوائل 2026. حصلت الشركة على أول تصاريح EPA في كاليفورنيا لحقن CO₂ تحت الأرض وحافظت على كثافة إنتاج آبار بنسبة 9% أقل من المتوسط الولاية، بينما يعاد تدوير نحو 75% من المياه الناتجة بالكامل.
California Resources Corporation (NYSE: CRC)，加州最大的石油与天然气生产商，发布了2024年可持续发展报告，强调了重要的环境成就和战略举措。公司在与 Aera Energy 合并后推出的 负责任净零（RNZ）战略较 2020 年基线相比实现了 一级和二级排放减少 27%，以及 历史性甲烷排放减少 32%。
通过其子公司 Carbon TerraVault，CRC 将在 2025 年底前完成加州首个碳捕集与封存项目，计划在 2026 年初注入 CO₂。公司获得了加州首批用于地下 CO₂ 注入的 EPA 许可，并将井生产碳强度维持在州平均水平以下 9%；同时回收约 75% 的总产水。
- Achieved 27% reduction in Scope 1 and 2 greenhouse gas emissions from 2020 baseline
- Secured California's first EPA permits for underground CO2 injection and storage
- Maintained well production carbon intensity 9% below California state average
- Recycled/reclaimed 75% of total produced water from operations
- Delivered 4.7 billion gallons of treated reclaimed water to local districts
- Received 23 awards from National Safety Council for safety performance
- Integration challenges and operational adjustments following Aera Energy merger
- Continued dependence on fossil fuel production while transitioning to lower-carbon future
- Subject to regulatory and political risks in California's strict environmental landscape
LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC’s continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California’s natural resources and leader in local energy production.
“CRC entered an exciting new chapter in 2024 as the largest oil and gas producer in California after completing our merger with Aera Energy,” said Francisco Leon, CRC President and Chief Executive Officer. “As our operational scale and production capabilities evolved, so did our sustainability strategy. This report introduces CRC’s Responsible Net Zero (RNZ) strategy — a focused, impact-driven approach to decarbonization built on what we can control. I am incredibly proud of the continued passion and dedication of our CRC team as we work to deliver abundant, affordable, and sustainable energy for Californians for generations to come.”
“CRC is proud to be at the forefront of California’s decarbonization journey, advancing innovative solutions that align with the state’s ambitious climate goals,” said Chris Gould, CRC Executive Vice President and Chief Sustainability Officer, and Managing Director, Carbon TerraVault (CTV) Holdings. “Through our Carbon TerraVault subsidiary, we are targeting completion of California’s first carbon capture and storage project by year-end 2025 and expect to begin CO₂ injection in early 2026, marking a critical milestone in our efforts to help California achieve a lower-carbon future.”
2024 Sustainability Highlights
- Introduced CRC’s RNZ strategy, aligned to the United Nations Sustainable Development Goals (SDGs), demonstrating CRC’s commitment to responsible production
- Secured California’s first-ever EPA permits for underground CO2 injection and storage, laying the groundwork for the state’s first commercial-scale carbon capture and storage (CCS) project
- Reduced Scope 1 and 2 greenhouse gas emissions by
27% compared to the company’s 2020 baseline - Reduced legacy methane emissions by
32% compared to the company’s 2020 baseline - Achieved a well production carbon intensity of
9% below the California Air Resources Board (CARB) 2023 statewide average - Delivered more than 4.7 billion gallons of treated reclaimed water to local water districts and recycled or reclaimed ~
75% of total produced water from operations - Provided more than
$5.7 million in donations across California that work to positively impact communities - Continued to rank among the safest companies in the U.S., recognized by the National Safety Council with 23 awards
For more information about CRC’s sustainability efforts and to download the full length and summary versions of the 2024 Sustainability Report, please visit https://www.crc.com/sustainability.
About California Resources Corporation
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 CCS and other emissions reducing projects. For more information about CRC, please visit www.crc.com.
About Carbon TerraVault
Carbon TerraVault (CTV), CRC’s carbon management business, is developing projects to capture, transport and permanently store CO2 for its CRC affiliates and its customers. CTV is engaged in a series of proposed CCS projects that if developed will inject CO2 captured from industrial sources into depleted oil and gas reservoirs deep underground for permanent sequestration. For more information, visit carbonterravault.com.
Forward-Looking Statements
This document contains statements that CRC believes to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding CRC's future financial position, business strategy, projected revenues, earnings, costs, capital expenditures and plans and objectives of management for the future. Words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy” or similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.
Although CRC believes the expectations and forecasts reflected in its forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond its control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause CRC’s actual results to be materially different than those expressed in its forward-looking statements are described in its most recent Annual Report on Form 10-K and its other periodic filings with the Securities and Exchange Commission. These factors include, but are not limited to: fluctuations in commodity prices; production levels and/or pricing by OPEC, OPEC+ or U.S. producers; government policy, war and political conditions and events; integration efforts and projected benefits in connection with the Aera Merger and other acquisitions, divestitures and joint ventures; regulatory actions and changes that affect the oil and gas industry generally and us in particular; the efforts of activists to delay prevent oil and gas activities or the development of CRC’s carbon management segment; changes in business strategy and capital plan; lower-than-expected production; changes to estimates of reserves and related future cash flows; the recoverability of resources and unexpected geologic conditions; general economic conditions and trends; results from operations and competition in the industries in which it operates; CRC’s ability to realize the anticipated benefits from prior or future efforts to reduce costs; environmental risks and liability; the benefits contemplated by its energy transition strategies and initiatives; CRC’s ability to successfully identify, develop and finance carbon capture and storage projects, power projects and other renewable energy efforts; future dividends and share repurchases and de-leveraging efforts; and natural disasters, accidents, mechanical failures, power outages, labor difficulties, cybersecurity breaches or attacks or other catastrophic events.
CRC cautions you not to place undue reliance on forward-looking statements contained in this document, which speak only as of the filing date, and CRC undertakes no obligation to update this information. This document may also contain information from third party sources. This data may involve a number of assumptions and limitations, and CRC has not independently verified them and does not warrant the accuracy or completeness of such third-party information.
Contacts:
| Joanna Park (Investor Relations) 818-661-3731 Joanna.Park@crc.com | Hailey Bonus (Media) 714-874-7732 Hailey.Bonus@crc.com |
This press release was published by a CLEAR® Verified individual.
FAQ
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