Company Directory - California Resources Corporation
Company Details - California Resources Corporation
California Resources Corporation
WebsiteLos Angeles, United States
California Resources Corporation is an independent oil and natural gas exploration and production company focused on the development of its extensive and diversified portfolio of oil and gas properties in California. The company operates responsibly in the oil and gas industry, emphasizing sustainability and economic development in its operational practices.
CCI Score
CCI Score: California Resources Corporation
-5.10
Latest Event
Political Contributions and Lobbying Activity Profile
An OpenSecrets profile on California Resources Corp reveals that the company made campaign contributions of $24,279 and spent $240,000 on lobbying in the recent cycle. This activity situates the company within the broader pattern of corporate political engagement that can undermine transparent democratic processes, particularly in industries such as fossil fuels.
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COLLABORATOR
California Resources Corporation is currently rated as a Collaborator.
Latest Events
- APR242025
An OpenSecrets profile on California Resources Corp reveals that the company made campaign contributions of $24,279 and spent $240,000 on lobbying in the recent cycle. This activity situates the company within the broader pattern of corporate political engagement that can undermine transparent democratic processes, particularly in industries such as fossil fuels.
-10
Political Contributions and Lobbying Efforts
May 31
California Resources Corp's political spending—as evidenced by its campaign contributions and lobbying expenditures—reflects active corporate involvement in political processes. While the amounts are moderate relative to industry scales, such spending contributes to the erosion of democratic accountability and may indirectly support policies aligning with authoritarian interests, especially in the context of fossil fuel industries.
- MAR312025
According to OpenSecrets data, California Resources Corporation spent $60,000 on lobbying efforts between January and March 2025. This expenditure highlights the company's active engagement in political influence, which may serve to protect fossil fuel interests at the expense of progressive regulatory reforms.
-40
Political Contributions and Lobbying Efforts
May 31
By allocating $60,000 to lobbying activities, CRC is engaging in political contributions that can influence policy in favor of fossil fuel interests. From an anti-fascist perspective, such actions are viewed negatively as they can undermine efforts aimed at promoting democratic accountability and progressive reforms.
- JAN302025
California Resources Corporation announced a $100,000 contribution split equally between the California Community Foundation and the Los Angeles Fire Department Foundation to support wildfire relief and recovery efforts, along with a company match campaign for the American Red Cross.
+80
Business Practices and Ethical Responsibility
May 31
The corporation’s donation and matching campaign demonstrate a strong commitment to ethical business practices and community support. This philanthropic effort aids vulnerable communities during a crisis, reflecting progressive, socially responsible actions that counter authoritarian neglect of public welfare.
- OCT302024
California Resources Corporation released its 2023 Sustainability Report on October 30, 2024, outlining its progress on decarbonization, carbon management, enhanced safety performance, and significant community support through nonprofit donations and the provision of essential utilities. The report demonstrates CRC's commitment to sustainable practices, benefiting local communities while aligning with responsible business operations.
+40
Business Practices and Ethical Responsibility
May 31
The sustainability report reflects positive business practices and ethical responsibility. CRC's initiatives in decarbonization, carbon management, community donations, and safety improvements not only support environmental progress but also reinforce community resilience. These efforts contribute to a progressive agenda that contrasts with authoritarian priorities, warranting a positive score within this category.
- JUN242024
California Resources Corporation is under scrutiny after its planned acquisition of Aera Energy, with concerns that the company has not confirmed compliance with a California law mandating that oil companies secure funds to plug wells. The potential non-compliance raises issues about financial stability and the risk of taxpayers being burdened with billions in cleanup costs, especially given the company’s previous bankruptcy filing.
-30
Business Practices and Ethical Responsibility
May 31
The company's apparent failure to ensure compliance with state-mandated oil well plugging funds demonstrates a disregard for responsible business practices and environmental safety. This negligence jeopardizes public trust and could lead to significant cleanup costs being shifted to taxpayers, reflecting an unethical business practice in line with authoritarian risk factors.
California Resources Corporation faces scrutiny over oil well cleanup compliance
-20
Economic and Structural Influence
May 31
The merger could potentially impose a significant financial burden on the public if the company fails to secure the necessary funds for plugging oil wells. This risk of transferring cleanup costs to taxpayers reflects negative economic and structural influence, undermining public welfare and accountability.
California Resources Corporation faces scrutiny over oil well cleanup compliance
- JUN222024
California Resources Corporation’s planned merger with Aera Energy is under scrutiny as the company delays estimating required bonds for oil well plugging under AB 1167, raising alarms about environmental oversight and potential taxpayer liabilities ahead of a key shareholder vote.
-40
Business Practices and Ethical Responsibility
May 31
The company's failure to begin estimating the required bonds for well plugging demonstrates a lack of due diligence in environmental and operational responsibilities. This oversight could translate into significant environmental harm and financial liabilities for the public, undermining ethical business practices.
California Resources Corporation Merger Raises Compliance Concerns under AB 1167 – Davidson News
-20
Economic and Structural Influence
May 31
The merger delay due to non-compliance with AB 1167 potentially jeopardizes broader fiscal stability by risking billions in cleanup costs. This scenario reflects a disregard for the economic and structural implications of regulatory obligations, thereby raising concerns over the company's influence on public finances.
California Resources Corporation Merger Raises Compliance Concerns under AB 1167 – Davidson News
- APR292017
A California Resources Corporation oil and gas facility in Bakersfield, CA was toured by Labor Secretary Lori Chavez-DeRemer as part of a celebration marking President Trump’s first 100 days. This event aligns the company with the administration's push for energy dominance amid efforts to dismantle worker safety regulations.
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Corporate Financials
- Revenue
- 2023
- $1.75B
- Total Assets
- 2023
- $5.00B
- Operating Income
- 2023
- $250.00M
- Total Equity
- 2023
- $1.20B
Industries
- 211120
- Crude Petroleum Extraction
- 211130
- Natural Gas Extraction
- 213112
- Support Activities for Oil and Gas Operations
- 486110
- Pipeline Transportation of Crude Oil
- 486210
- Pipeline Transportation of Natural Gas