California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
CRC was formed in 2014 when Occidental Petroleum Corporation spun-off its California oil and natural gas assets into an independent publicly traded company. With more than 120 years of operating experience, CRC seeks to create meaningful value for its stakeholders by tapping into the vast potential of California’s oil and natural gas resources.
Our mission is to maximize value for our shareholders by responsibly and safely developing California’s energy resources and providing exceptional customer service.
Our vision is to become the leading oil and natural gas exploration and production company in California.
Mr. Michael L. Preston (Exec. VP, Chief Admin. Officer & Gen. Counsel)
Mr. Jay A. Bys (Exec. VP & Chief Commercial Officer)
Ms. Noelle M. Repetti (Sr. VP, Controller & Principal Accounting Officer)
Cynthia J. Johnson (Chief Information Officer & VP)
Joanna Park (VP of Investor Relations)
Richard Venn (Director of Communications)
Ms. Alana A. Sotiri (VP of HR)
Recognition and Awards
CRC is an active member of the California business community. We have been recognized with several awards and accolades, such as being named one of the best places to work on the Dow Jones Sustainability Index. We are committed to safety, environmental protection, and community involvement, and proud to be a part of the California economy.