Articles from California Resources Corporation

LONG BEACH, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC), an independent energy and carbon management company, today announced a total contribution of $100,000 to the California Community Foundation and the Los Angeles Fire Department Foundation to support wildfire relief and provision of recovery services to residents impacted by the recent California wildfires. The funds will be equally distributed between the two organizations.

LONG BEACH, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC) plans to release its fourth quarter and full year 2024 financial results on Monday, March 3rd before market hours. The Company will hold a conference call to discuss these financial results on Monday, March 3rd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

Project to Capture and Store up to 100 Thousand Metric Tons of CO2 Annually From the Elk Hills Cryogenic Gas Plant

Represents Nation’s First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas Fields

LONG BEACH, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following events in January 2025:

LONG BEACH, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today announced that Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025. CRC’s current CFO Nelly Molina will be stepping down at the end of the year.

Delivering Improved Capital Efficiencies and Advancing Leading Carbon Management Platform

LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC) today announced the publication of its 2023 Sustainability Report detailing the Company’s sustainability initiatives and strategy as well as progress toward its environmental, social and governance (ESG) goals.

Board Approval Represents Major Step for California’s First CCS Project, Critical to Achieving State’s Carbon Neutrality Goal

Award Advances Development of CTV III Carbon Storage Project in California

LONG BEACH, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSECRC) plans to release its third quarter 2024 financial results on Tuesday, November 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 6th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

California Resources Corporation (NYSECRC) and the Los Angeles Rams today announced “Football Without the Footprint,” a carbon management initiative that will allow the Rams to reduce or offset carbon emissions from the team’s operations in coming years. CRC and the Rams will also invest in community impact efforts such as garden builds, beautification projects, and science, technology, engineering, art, and math (STEAM) initiatives that will integrate carbon management practices and education. Through this partnership, CRC will become the Rams’ Official Carbon Management Partner.

Sage Geosystems, Inc. (Sage) and California Resources Corporation (NYSECRC) today announced the signing of a Memorandum of Understanding (MOU) to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California.

California Resources Corporation (NYSECRC), an independent energy and carbon management company, today announced the launch of its Carbon TerraVault I (CTV I) Elk Hills Community Benefits Plan (CBP) in Kern County, California.

California Resources Corporation (NYSECRC) (the “Company”) today announced the consideration payable as set forth in the table below in respect of the previously announced cash tender offer (the “Tender Offer”) to purchase up to $300 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”) upon the terms and conditions described in the Company’s Offer to Purchase, dated August 8, 2024, as amended (the “Offer to Purchase”).

California Resources Corporation (NYSECRC) (the “Company”) today announced the early tender results in respect of the previously announced cash tender offer (the “Tender Offer”) to purchase up to $300 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”) upon the terms and conditions described in the Company’s Offer to Purchase, dated August 8, 2024, as amended (the “Offer to Purchase”).

California Resources Corporation (NYSECRC) (the “Company”) previously announced the commencement of a cash tender offer (the “Tender Offer”) to purchase up to $200 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”). The Company hereby amends the Tender Offer to purchase for cash up to $300 million aggregate principal amount of the 2026 Notes (as such aggregate principal amount may be increased or decreased by the Company, the “Maximum Tender Amount”). The Tender Offer is being made pursuant to an Offer to Purchase, dated August 8, 2024, as amended by the terms set forth herein (the “Offer to Purchase”). Other than the increase to the Maximum Tender Amount, no other terms of the Tender Offer have changed.

California Resources Corporation (NYSECRC) (the “Company”) announced today the pricing of an upsized private offering of $300 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”). The offering size was increased from the previously announced $200 million aggregate principal amount. The Notes were priced at 101% of par, plus accrued and unpaid interest from June 5, 2024. The Notes will mature on June 15, 2029, pay interest at the rate of 8.250% per year and are payable semi-annually on June 15 and December 15 of each year. The first interest payment will be made on December 15, 2024. The Offering is expected to close on August 22, 2024, subject to customary closing conditions.

California Resources Corporation (NYSECRC) (the “Company”) announced today the commencement of a cash tender offer (the “Tender Offer”) to purchase up to $200 million aggregate principal amount of its outstanding 7.125% senior notes due 2026 (the “2026 Notes”) upon the terms and conditions described in the Company’s Offer to Purchase, dated August 8, 2024 (as may be amended or supplemented, the “Offer to Purchase”).

California Resources Corporation (NYSECRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $200 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”). The Notes are being offered as additional notes under the indenture dated as of June 5, 2024, as may be supplemented from time to time (the “Indenture”), pursuant to which the Company previously issued $600 million aggregate principal amount of 8.250% Senior Notes (the “Existing Notes”). The Notes will have substantially identical terms, other than the issue date and issue price, as the Existing Notes, and the Notes and the Existing Notes will be treated as a single series of securities under the Indenture and will vote together as a single class. Except with respect to Notes offered pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), the Notes will have the same CUSIP and ISIN numbers as, and will be fungible with, the Existing Notes immediately upon issuance.

California Resources Corporation (NYSECRC) today reported financial and operating results for the second quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, August 7, 2024. Participation details can be found within this release. In addition, supplemental slides have been posted to CRC’s website at www.crc.com.

Carbon TerraVault Holdings, LLC (CTV) today provided a second quarter 2024 update. California Resources Corporation (NYSECRC) conducts its carbon management business through CTV and its subsidiaries, which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.

California Resources Corporation (NYSECRC) plans to release its second quarter 2024 financial results on Tuesday, August 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 7th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

California Resources Corporation (NYSECRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera.

California Resources Corporation (NYSECRC) (the “Company”) announced today the pricing of its upsized private offering of $600 million in aggregate principal amount of its 8.250% senior unsecured notes due 2029 (the “Notes”) at par. The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries. The offering is expected to close on June 5, 2024, subject to customary closing conditions.

California Resources Corporation (NYSECRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $500 million in aggregate principal amount of senior unsecured notes due 2029 (the “Notes”). The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and certain future subsidiaries. The Company intends to use the net proceeds from this offering, cash on hand and borrowings under its revolving credit facility to repay the existing indebtedness of Aera Energy, LLC and its operating affiliate Aera Energy Services Company (together, the “Aera Companies”) in connection with the pending business combination with the Aera Companies (the “Aera Merger”).

California Resources Corporation (NYSECRC) today reported financial and operating results for the first quarter 2024. The Company plans to host a conference call and webcast on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. In addition, supplemental slides are posted to CRC’s website at www.crc.com.

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations. California Resources Corporation (NYSECRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.

California Resources Corporation (NYSECRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties. This is the first “Grade A” independently certified gas (ICG) designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region. This achievement demonstrates CRC’s dedication to its ESG goals and sustainability platform.

California Resources Corporation (NYSECRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

California Resources Corporation (NYSECRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders. Mr. Kendall is the former President and Chief Executive Officer of Denbury.

California Resources Corporation (NYSECRC) today reported financial and operating results for the fourth quarter and full-year 2023. The Company plans to host a conference call and webcast on Wednesday, February 28th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. In addition, supplemental slides are posted to CRC’s website at www.crc.com.

Carbon TerraVault (CTV) today provided an update on its 2023 operations. California Resources Corporation (NYSECRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.

California Resources Corporation (NYSECRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive. At closing, Aera's owners will receive 21.2 million shares of CRC’s common stock, equal to approximately 22.9% of CRC’s fully diluted shares.

California Resources Corporation (NYSECRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month.

California Resources Corporation (NYSECRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental Protection Agency (EPA) released draft Class VI well permits for underground carbon dioxide (CO2) injection and storage in CTV’s 26-R reservoir located within the CTV I carbon capture and storage (CCS) vault at the Elk Hills Field in Kern County, California. This marks an important step in advancing the development of clean energy projects in the state.

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following events in January 2024:

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, announced today that the Company’s executives will be participating in the following event in December 2023:

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results.

Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSECRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations.

California Resources Corporation (NYSECRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close. The Company will hold a conference call to discuss these financial results on Thursday, November 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

California Resources Corporation (NYSECRC) today announced the publication of its 2022 Sustainability Update. The Update details the progress CRC made last year as it continues to work toward meeting a high standard for environmental, social and governance (ESG) performance and its 2045 Full-Scope Net Zero Goal.

Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSECRC), today announced that the California Direct Air Capture (DAC) Hub has been selected to receive $11.8 million in funding from the U.S. Department of Energy (DOE) under its Regional DAC Hubs Initiative related to the proposed development of California’s first full-scale DAC plus storage (DAC+S) network of regional hubs. DAC+S is a solution that is intended to remove and then permanently store atmospheric carbon dioxide (CO2) using low carbon emission energy and provide economic benefits to surrounding communities. This first DOE amount will be used to perform Front End Engineering Design (FEED) studies in 2024 on the proposed DAC facilities in Kern County, followed up with additional funding requests and planned development and construction potentially beginning in 2025. With selection for the DOE funding, the California DAC Hub is also eligible for additional funding from the California Energy Commission.

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today reported second quarter 2023 operational and financial results.

California Resources Corporation (NYSECRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV HoldCo, LLC (CTV JV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Verde Clean Fuels Inc. (Verde), a company that utilizes an innovative and proprietary liquid fuels technology to produce renewable and lower-carbon intensity gasoline and other liquid fuels from feedstocks such as biomass, agricultural waste, or flared natural gas. CRC also more than doubled the expected sequestration volume of its previously announced Lone Cypress Energy Services, LLC, (Lone Cypress) blue hydrogen project.

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today announced that Nicole Parra has been appointed as Vice President of Community Affairs, effective July 6, 2023. In this role, she will be responsible for engaging community stakeholders to help further strengthen CRC’s local partnerships and enact regional Community Benefits Plans for CRC’s low-carbon oil and natural gas and carbon management businesses.

California Resources Corporation (NYSECRC) plans to release its second-quarter 2023 financial results on July 31st after market close. The Company will hold a conference call on Tuesday, August 1st at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today reported first quarter 2023 operational and financial results.

California Resources Corporation (NYSECRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Yosemite Clean Energy, LLC (Yosemite). CRC also announced a second storage-only CDMA between CTV and InEnTec Inc. (InEnTec).

California Resources Corporation (NYSECRC), an independent energy and carbon management company committed to energy transition, today announced that Manuela (Nelly) Molina has been appointed as Executive Vice President and Chief Financial Officer, effective May 8, 2023. As previously announced, CRC’s prior CFO Francisco Leon was named President and Chief Executive Officer and a member of the Company’s Board of Directors as of April 28, 2023.

California Resources Corporation (NYSECRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released the day before the conference call following the market close.

California Resources Corporation (NYSECRC) (“CRC” or the “Company”) announced today a strategic realignment of the Company’s business operations and structure. The Company intends to reduce costs to align with activity levels, increase its financial flexibility and optimize its portfolio of assets. The Company believes that the combination of these actions will allow it to continue to strengthen shareholder returns. The Company is also repositioning the business to capitalize on future opportunities with Carbon TerraVault. In conjunction with this strategic realignment, the Company also announced that Francisco Leon, currently Chief Financial Officer, will succeed Mark A. (“Mac”) McFarland as President and Chief Executive Officer and join the Company’s Board of Directors, effective at the Company’s 2023 Annual Meeting in April.

California Resources Corporation (NYSECRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2022 operational and financial results.

Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSECRC), today announced it has assembled a consortium of organizations across industry, technology, academia, national labs, community, government, and labor, to pursue U.S. Department of Energy (DOE) funding under its Regional Direct Air Capture (DAC) Hubs Initiative to create the California DAC Hub, the state’s first full-scale DAC plus storage (DAC+S) network of regional DAC+S hubs. DAC+S is a solution that can remove and then permanently store atmospheric carbon dioxide (CO2) using low carbon emission energy and provide economic benefits to surrounding communities.

California Resources Corporation (NYSECRC) announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released the day before the conference call following the market close.

California Resources Corporation (NYSECRC) received an A- from CDP for its 2022 climate disclosure, securing a score at CDP’s Leadership Level for the fourth year in a row. This accomplishment is further evidence of CRC’s commitment to maintaining a strong ESG and sustainability platform.

California Resources Corporation (NYSECRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), an independent clean-tech company that is building a portfolio of blue ammonia and hydrogen production facilities to supply the agriculture, mobility and marine fuel markets, to sequester 370,000 metric tons (MT) of carbon dioxide (CO2) per annum at CTV III from a new blue ammonia and hydrogen plant to be constructed in Northern California. Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California’s first blue ammonia and hydrogen facility producing 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen.

California Resources Corporation (NYSECRC) announced today that the Company’s executives will be participating in the following in-person events in January 2023:

California Resources Corporation (NYSECRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons (MT) of carbon dioxide (CO2) per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in Kern County. Called the Lone Cypress Hydrogen Project, the project aims to be California’s first blue hydrogen facility producing 30 tons per day and has the potential to expand to 60 tons per day of blue hydrogen with up to 200,000 MT of CO2 sequestration per annum.

California Resources Corporation (NYSECRC), an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2022 operational and financial results.

California Resources Corporation (NYSECRC) announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released the day before the conference call following the market close.

California Resources Corporation (NYSECRC) today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC’s continuous progress on its sustainability efforts in environmental, social and governance (ESG) performance as the company advances its commitment to the energy transition and decarbonization of local economies.

California Resources Corporation (NYSECRC), an independent oil and natural gas company committed to energy transition in the sector, today announced the formation of a joint venture (the "JV") with Brookfield Renewable ("Brookfield"), creating a carbon management partnership focused on carbon capture and sequestration (“CCS”) development and reported second quarter 2022 operational and financial results.

California Resources Corporation (NYSECRC) is pleased to announce it has pledged $2.5 million to fund several Kern County initiatives with Kern Community College District (Kern CCD) and California State University, Bakersfield (CSUB) to help advance the energy transition and further benefit local communities across the region.

California Resources Corporation (NYSECRC) (“CRC” or the “Company”) today announced amendments to and extension of its solicitation of consents (the “Consent Solicitation”) from the holders of its outstanding 7.125% Senior Notes due 2026 (CUSIP Nos. 13057QAH0, 13057QAJ6 and U1303AAE6) (the “Notes”) to the proposed amendment to the indenture governing the Notes (the “Proposed Amendment”) described in the Consent Solicitation Statement dated June 6, 2022, as amended by the Company’s press release dated June 13, 2022 and as further amended by a Supplement dated June 15, 2022 (as amended, the “Statement”). The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in the Statement.

California Resources Corporation (NYSECRC) (“CRC” or the “Company”) today announced the extension of its solicitation of consents (the “Consent Solicitation”) from the holders of its outstanding 7.125% Senior Notes due 2026 (CUSIP Nos. 13057QAH0, 13057QAJ6 and U1303AAE6) (the “Notes”) to the proposed amendment to the indenture governing the Notes (the “Proposed Amendment”) described in the Consent Solicitation Statement dated June 6, 2022 (as amended hereby and as may be further amended or supplemented from time to time, the “Statement”). The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in the Statement.

California Resources Corporation (NYSECRC) (“CRC” or the “Company”) today announced that it is soliciting consents (the “Consent Solicitation”) from holders of its outstanding 7.125% Senior Notes due 2026 (the “Notes”) as of 5:00 p.m. New York City time, on June 3, 2022 (the “Record Date”) to a proposed amendment to the indenture governing such Notes (the “Indenture”). The Consent Solicitation is being made solely upon the terms and conditions described in the Company’s Consent Solicitation Statement, dated June 6, 2022 (the “Consent Solicitation Statement”). The Consent Solicitation will expire at 5:00 p.m., New York City time, on June 10, 2022, unless extended or earlier terminated by the Company (the “Expiration Date”).

California Resources Corporation (NYSECRC) announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). The Company’s earnings will be released before market open on the same date.

California Resources Corporation (NYSECRC), an independent oil and natural gas company committed to energy transition in the sector, today reported first quarter 2022 operational and financial results.

California Resources Corporation (NYSECRC) is pleased to announce it has updated and expanded its Environmental, Social, and Governance (ESG) goals that build upon CRC’s long-standing commitment to sustainability, the company’s recent 2045 Full-Scope Net Zero Goal, and investment in low carbon initiatives that position CRC to lead the energy transition in California and beyond.

California Resources Corporation (NYSECRC) announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released before market open on the same date.

California Resources Corporation (NYSECRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2021 operational and financial results.

California Resources Corporation (NYSECRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company’s earnings will be released before market open on the same date.

California Resources Corporation (NYSECRC) received an A- from CDP for its 2021 climate disclosure, securing a top score at CDP’s Leadership Level for the third year in a row. Once again, CRC received the highest ranking among all U.S. oil and gas companies, tying for first with one other U.S.-based E&P with global operations. Scoring at CDP’s Leadership Level for three years in a row further highlights CRC’s value as a differentiated and dependable low carbon intensity E&P producer in California.

California Resources Corporation (NYSECRC) announced today that certain Company executives will be participating in the following virtual and in-person events in December 2021 and January 2022: