ESG News For CALIFORNIA RESOURCES CORPORATION

Company’s Local Investment to Provide Transformative Economic, Environmental and Social Benefits to Kern County Communities

Independently Certified Gas Designation Underscores Company’s Commitment to Reducing Methane Emissions

Recap of CSR stories on Business Wire

NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ: NEXT) and California Resources Corporation (NYSE: CRC) today jointly announced the execution of an agreement (Agreement) to further explore the decarbonization of CRC’s Elk Hills Power Plant. Through the deployment of NCS’ proprietary post-combustion carbon capture processes for CRC’s CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant for permanent storage in

Goals build upon CRC’s commitment to sustainability, 2045 Full-Scope Net Zero Goal, and investment in carbon management projects

The company donated $25,000 to Zero Foodprint to fund regenerative farming projects including grant recipient Perucchi Dairy, while increasing efforts to minimize its environmental impact.

California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2020 climate disclosure, securing a top score at CDP’s Leadership Level. CRC once again received the highest ranking among all U.S. oil and gas companies, tying for first with one other U.S.-based E&P with global operations. Scoring at CDP’s Leadership Level for two years in a row further highlights CRC’s differentiated value as a dedicated and dependable energy producer for Californians with 2030 Sustainability Goals t

Recap of CSR stories on Business Wire

California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the publication of its third annual Sustainability Report. The report provides a comprehensive overview of CRC’s continuous progress on its sustainability efforts in environmental, social and governance (ESG) performance while improving overall corporate transparency and highlighting a positive impact on communities where it operates.Todd Stevens, President and CEO of CRC noted, “Today, we are proud to share wi