California Resources Corporation

About California Resources Corporation

California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition. CRC is committed to environmental stewardship while providing safe, affordable, and reliable local energy. The company aims to maximize the value of its land, mineral ownership, and energy expertise through decarbonization efforts, including carbon capture and storage (CCS) projects.

Products & Services

Energy Production:CRC produces local, low carbon intensity energy, including oil and natural gas, to reduce reliance on imported fuels with higher carbon footprints.

Carbon TerraVault (CTV):CRC's carbon management business focused on developing carbon capture and storage (CCS) projects to store carbon dioxide from industrial sources in depleted underground reservoirs.

Clean Energy Initiatives:Includes exploration of geothermal, renewables, clean hydrogen, and direct air capture technologies, such as the CTV Clean Energy Park at Elk Hills field.

Specialties

Carbon Capture and Storage (CCS) Direct Air Capture (DAC) Low Carbon Intensity Energy Production Renewable Energy Exploration (Geothermal, Clean Hydrogen) Community Engagement and Sustainability

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Debt T: - FT: Debt	A: 250000000 MR: - FA: $250 million FAN: 250000000	D: 2026-03-11 FD: 2026-03-11	-
2	RT: Debt T: - FT: Debt	A: 350000000 MR: - FA: $350 million FAN: 350000000	D: 2026-03-11 FD: 2026-03-11	-
3	RT: Debt T: - FT: Debt	A: 400000000 MR: - FA: 400 million FAN: 400000000	D: 2025-09-24 FD: 2025-09-24	-
4	RT: Debt T: - FT: Debt	A: 300000000 MR: - FA: $300 million FAN: 300000000	D: 2024-08-08 FD: 2024-08-08	-
5	RT: Debt T: - FT: Debt	A: 200000000 MR: - FA: $200 million FAN: 200000000	D: 2024-08-08 FD: 2024-08-08	-
6	RT: Debt T: - FT: Debt	A: 600000000 MR: - FA: $600 million FAN: 600000000	D: 2024-05-21 FD: 2024-05-21	-
7	RT: Debt T: - FT: Debt	A: 500000000 MR: - FA: $500 million FAN: 500000000	D: 2024-05-20 FD: 2024-05-20	-

Debt Latest

2026-03-11

$250.0M

Debt 2026-03-11

$350.0M

Debt 2025-09-24

$400.0M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

F

Francisco J. Leon

CEO

J

Jay A. Bys

Executive Vice President and Chief Commercial Officer

C

Clio Crespy

Executive Vice President and Chief Financial Officer

C

Chris D. Gould

Executive Vice President and Chief Sustainability Officer, and Managing Director, CTV Holdings

O

Omar Hayat

Executive Vice President and Chief Operating Officer

M

Michael L. Preston

Executive Vice President, Chief Strategy Officer and General Counsel

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