California Resources Corporation

#3199

Rank

$3.23B

MarketCap US

US United States

Country

Summary
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.

History

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.


Mission
Our mission is to maximize value for our shareholders by responsibly and safely developing California’s energy resources and providing exceptional customer service.

Vision
Our vision is to become the leading oil and natural gas exploration and production company in California.

Key Team

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.

References
California Resources Corporation
Leadership team

Mr. Mark Allen McFarland (Pres, CEO & Director)

Mr. Francisco J. Leon (Exec. VP & CFO)

Mr. Shawn M. Kerns (Exec. VP & COO)

Products/ Services
Energy, Mining
Number of Employees
500 - 1000
Headquarters
Los Angeles, California, United States
Established
2014
Company Registration
SEC CIK number: 0001609253
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CRC
Mon Feb 26 2024
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