California Resources Corporation
Long Beach, California, United States · Energy, Oil And Gas, Renewable Energy
California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC produces some of the lowest carbon intensity oil in the US and is focused on maximizing the value of its land, mineral and technical resources for decarbonization efforts.
Key facts
- Headquarters
- Long Beach, California, United States
- Employees
- 2,500
- Industries
- Energy, Oil And Gas, Renewable Energy
- Status
- Public (CRC)
- Website
- www.crc.com
- Company page
Recent activity at California Resources Corporation
- : California Resources Corporation and Bloom Energy Form Strategic Partnership to Develop 1GW of Fuel-Cell Capacity.
- : California Resources Corp acquires Crimson
- : CRC to acquire Crimson Midstream for $63M
- : SEC 8-K (1.01): On June 26, 2026, California Resources Corporation completed a private offering of $550 million aggregate principal amount of 7.250% senior unsecured notes due 2035. The offering was governed by an Indenture involving the Company, its guarantors, and Wilmington Trust as trustee. The Company intends to use proceeds to redeem outstanding 8.250% senior unsecured notes due 2029, which occurred the same day at a redemption price of 104.125%. The notes rank equally with all senior unsecured debt and allow for redemption options under specified conditions. Significant conditions include a change of control trigger that mandates a repurchase offer at 101%. This transaction is expected to enhance the Company’s capital structure and lower future interest obligations.
- : SEC 8-K (1.01): On June 26, 2026, California Resources Corporation completed a private offering of $550 million in 7.250% senior unsecured notes due 2035. The issuance follows the Indenture executed on the same date among the Company, its Guarantors, and Wilmington Trust as Trustee. The notes mature on January 15, 2035, with interest starting from June 26, 2026, payable semi-annually. The proceeds from this transaction are intended to redeem all outstanding $550 million of its higher interest 8.250% senior unsecured notes, which reflects a strategic move to lower financing costs and improve capital structure.
- : SEC 8-K (8.01): On June 16, 2026, California Resources Corporation announced the pricing of its private offering of $550 million in aggregate principal amount of its 7.250% senior notes due 2035 at par. This event indicates a strategic move to raise capital through debt issuance, which could be utilized for various corporate purposes, including financing growth projects or refinancing existing debt. The notes are set to mature in 2035, suggesting a long-term financial strategy by the company.
- : SEC 8-K (8.01): On June 16, 2026, California Resources Corporation announced the commencement of a proposed private offering of $550 million in senior unsecured notes due 2035. The company intends to use the proceeds to redeem all outstanding $550 million of its 8.250% senior unsecured notes due 2029 at a redemption price of 104.125%. The redemption is expected to be conditioned on the completion of the offering of the new notes, which aims to optimize the company's debt structure. The announcement highlights the strategic initiative to manage existing debt while involving conditions for both the offering and redemption transactions.
- : SEC 8-K (1.01): On April 14, 2026, California Resources Corporation entered into a Ninth Amendment to its Amended and Restated Credit Agreement with Citibank, N.A. and other lending institutions. This amendment aims to reduce the Company's borrowing costs through adjustments to the pricing grid, along with other technical modifications. The full details of the Ninth Amendment are included as Exhibit 10.1 attached to the filing. This strategic adjustment signifies the Company’s ongoing efforts to optimize its financial position during a period of operational reassessment.
- : SEC 8-K (1.01): On March 23, 2026, California Resources Corporation entered into a material definitive agreement by completing an upsized private offering of $350 million aggregate principal amount of 7.000% senior unsecured notes due 2034. The notes are governed by an Indenture that includes amendments from previous agreements, with Wilmington Trust serving as trustee. The issued notes will mature on January 15, 2034, with interest payments scheduled every six months starting July 15, 2026. The net proceeds from this offering are intended for strategic business purposes, likely enhancing the company's financial flexibility and funding operations.
- : SEC 8-K (1.01): On March 23, 2026, California Resources Corporation completed its upsized private offering of an additional $350 million in 7.000% senior unsecured notes due 2034. This transaction is governed by the Indenture established on October 8, 2025, and is part of a strategic move to redeem $350 million of its existing 8.250% senior unsecured notes due 2029, with the redemption expected to close on March 24, 2026. The proceeds from the new notes will be utilized alongside cash and borrowing from its revolving credit facility. The new Notes are treated as a single series with previously issued 2034 Notes, enhancing liquidity and financial management for the Company.
California Resources Corporation funding history
| Date | Round | Amount |
|---|---|---|
| Feb 2018 | Venture | $50.0M |
Leadership
- Robert Sinnott, Director
- Anita Powers, Director
- Avedick Poladian, Director
- Richard Moncrief, Director
- Harry McMahon, Director
- Harold Korell, Director
- Ronald Havner, Director
- Justin Gannon, Director
- William Albrecht, Director
- Todd Stevens, Executive Officer, Director
- Eric Bartz, Vice President - Engineering & Portfolio Management (Carbon Terravault)
- Michael Helm, Principal
Verified email and direct lines for California Resources Corporation’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
California Resources Corporation in the news
- California's next energy opportunity: Reusing legacy oil and gas infrastructure - Pipeline and Gas Journal (Nov 10, 2026)
- CRC and Bloom Energy Partner for Decarbonized Power - Fuel Cells Works (Nov 03, 2026)
- California Resources (NYSE:CRC) - Stock Analysis - Simply Wall St (Nov 07, 2026)
- A $540 million noncash loss on commodity contracts was part of California Resources' $315 million net loss. - Stock Titan (Nov 02, 2026)
- California is burying carbon in an oil field before its rules are finished - CalMatters (Aug 10, 2026)
- Here’s Why California Resources Corporation (CRC) Excelled in Q1 - Yahoo Finance (Jun 29, 2026)
- California Resources Corporation and Rams team up to launch "football without the footprint" carbon management initiative - Rams (Oct 04, 2024)
- California Resources Corp. - Hart Energy (Jul 23, 2019)
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About California Resources Corporation: questions and answers
What does California Resources Corporation do?
California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC produces some of the lowest carbon intensity oil in the US and is focused on maximizing the value of its land, mineral and technical resources for decarbonization efforts.
Where is California Resources Corporation headquartered?
California Resources Corporation is headquartered in Long Beach, California, United States.
How many employees does California Resources Corporation have?
California Resources Corporation has about 2,500 employees.
Has California Resources Corporation raised funding?
Yes. Fundz has recorded 1 funding event for California Resources Corporation. The most recent, $50.0M, was in Feb 2018.
Who leads California Resources Corporation?
Eric Bartz is a Vice President - Engineering & Portfolio Management (Carbon Terravault) at California Resources Corporation.
What is the latest news on California Resources Corporation?
On Nov 03, 2026, California Resources Corporation and Bloom Energy Form Strategic Partnership to Develop 1GW of Fuel-Cell Capacity.
Is California Resources Corporation a public company?
Yes. California Resources Corporation is publicly traded under the ticker CRC.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy