This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Crescent Energy Company is a diversified upstream oil and gas exploration and production company with operations concentrated in the Eagle Ford Shale, Uinta Basin, Rockies, and Mid-Continent regions of the United States. Per the company's FY2024 10-K, full-year production averaged 201,000 BOE/d, with a mix of 41% oil and 59% total liquids. The Eagle Ford and Rockies properties accounted for approximately 86% of the company's proved reserves. In 2024, Crescent drilled 22 gross operated wells, including 18 in the Eagle Ford and 4 in the Uinta. The company held leasehold interests in approximately 1.4 million net acres, with a standardized measure of discounted future net cash flows totaling $5.7 billion. Revenue derives entirely from upstream fossil fuel production, with no meaningful transition toward non-hydrocarbon energy sources.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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