California Resources Corporation Overview
Pro stress-test →California Resources Corporation (CRC) is an independent energy and carbon management company advancing the energy transition, committed to environmental stewardship while safely providing local, responsibly sourced energy, and focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing CCS and other emissions reducing projects. The company recently reported record operational and financial metrics, with the Berry merger driving scale, structural cost improvements, and capital efficiency.
Strategic Profile
Pro stress-test →CRC's conventional reservoir base is characterized by low natural declines, strong recovery factors, and very predictable performance, allowing the company to sustain production with less capital at lower risk than shale-focused peers. Carbon TerraVault (CTV), CRC's carbon management business, is developing services to capture, transport and permanently store CO2 for its customers.
Competitive Landscape
Pro stress-test →CRC is an independent exploration and production company focused exclusively on developing oil and natural gas assets in California, with operations concentrated in the Los Angeles Basin, Ventura Basin, and San Joaquin Basin. The company differentiates through conventional low-decline assets and emerging carbon management capabilities, positioning it distinctly versus shale-focused peers in oil and gas.
Industry Context
California Resources Corporation operates in Oil & Gas Exploration & Production / Carbon Management.
Key facts
Headquarters: Long Beach, CA, United States · Revenue: $924M (Q4 2025) · Market cap: $4.94B