California Resources Corp. (CRC), the state’s largest producer, said it is ahead of schedule in meeting a list of climate change goals by 2030 and shrinking its carbon footprint.

CRC Production

Established four years ago, the environmental, social and governance (ESG) initiatives address water, renewable energy, methane emissions and carbon capture in the oilfield operations.

Compared to a 2013 baseline, CRC has reduced its methane emissions by more than 60%, surpassing its 2030 goal of 50%, it said in a filing with the Securities and Exchange Commission. It also is continuing to “evaluate additional reduction projects.”

A carbon capture and storage project tied to its natural gas-fired power plant at Elk Hills is part of the efforts, which involves work with the Electric Power...