California Resources Corp.
- CRC · NYSE
- Crude Petroleum & Natural Gas
- Long Beach, CA
- 2,500 employees
- CIK 0001609253
Updated from SEC filings through
Top things to know
Executives
- Francisco Leon CRC’s President and Chief Executive Officer 8-K, 2026-11-02
- Francisco J. Leon President and CEO DEF 14A, 2026-03-18
-
Clio C. Crespy EVP and CFO 4, 2026-03-03 - Clio Crespy Executive Vice President and Chief Financial Officer 10-K, 2026-03-02
- Jay A. Bys EVP & Chief Commercial Officer 4, 2026-09-08
- Omar Hayat EVP & Chief Operating Officer 4, 2026-06-23
What leadership is saying
“Our team continues to execute exceptionally well through strong operational performance, synergy realization from our strategic initiatives and impressive free cash flow”
Earnings press release (8-K Ex. 99.1), filed November 2, 2026
California Resources Corp is a U.S. public company in crude petroleum & natural gas (SIC 1311), headquartered in Long Beach, CA. It trades as CRC on NYSE. Revenue was $3.7B in the fiscal year ending December 31, 2025, +14.7% from the year before. It reported about 2,500 employees. Francisco Leon is CRC’s President and Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $3.7B 10-K, 2026-03-02 | $3.2B 10-K, 2026-03-02 | $2.8B 10-K, 2026-03-02 | $2.7B 10-K, 2025-03-03 | $1.9B 10-K, 2024-02-28 |
| Operating income | $598M 10-K, 2026-03-02 | $620M 10-K, 2026-03-02 | $808M 10-K, 2026-03-02 | $812M 10-K, 2025-03-03 | $293M 10-K, 2024-02-28 |
| SG&A | $333M 10-K, 2026-03-02 | $321M 10-K, 2026-03-02 | $267M 10-K, 2026-03-02 | $222M 10-K, 2025-03-03 | $200M 10-K, 2024-02-28 |
| Net income | $363M 10-K, 2026-03-02 | $376M 10-K, 2026-03-02 | $564M 10-K, 2026-03-02 | $524M 10-K, 2025-03-03 | $612M 10-K, 2024-02-28 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Francisco Leon | CRC’s President and Chief Executive Officer | 8-K, 2026-11-02 |
| Francisco J. Leon | President and CEO | DEF 14A, 2026-03-18 |
| Clio C. Crespy | EVP and CFO | 4, 2026-03-03 |
| Clio Crespy | Executive Vice President and Chief Financial Officer | 10-K, 2026-03-02 |
| Jay A. Bys | EVP & Chief Commercial Officer | 4, 2026-09-08 |
| Omar Hayat EVP & Chief Operating Officer at California Resources Corporation | EVP & Chief Operating Officer | 4, 2026-06-23 |
 Christopher D. Gould | EVP & Chief Sustainability Off | 4, 2026-03-12 |
| Chris D. Gould | Executive Vice President and Chief Sustainability Officer | 10-K, 2026-03-02 |
| Michael L. Preston Executive Vice President, Chief Strategy Officer and General Counsel at California Resources Corporation | EVP, Chf Strategy Officer & GC | 4, 2026-05-12 |
| Michael S. Helm | VP Finance & Controller | 3, 2026-03-19 |
| Noelle M. Repetti | Senior VP and Controller | 4, 2026-03-06 |
| Alejandra (Ale) Veltmann | Named in proxy bio: Director | DEF 14A, 2026-03-18 |
| Christian S. Kendall | Named in proxy bio: Director | DEF 14A, 2026-03-18 |
| Mark A. (Mac) McFarland | Named in proxy bio: Director | DEF 14A, 2026-03-18 |
| William B. Roby | Named in proxy bio: Director | DEF 14A, 2026-03-18 |
What California Resources Corp does
We are an independent energy and carbon management company advancing the energy transition. We are committed to environmental stewardship while safely providing local, responsibly sourced energy. We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 88.3 million (as of September 30, 2026) | 10-Q, November 3, 2026 |
|---|---|---|
| Public float | $3.8B (as of June 30, 2025) | 10-K, March 2, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, November 3, 2026 |
| Latest proxy statement | Meeting April 30, 2026 (filed March 18, 2026) | DEF 14A, March 18, 2026 |
| Auditor | Kpmg LLP (Los Angeles, CA) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| November 6, 2026 | Francisco Leon President and CEO | Buy | 800 | $37K | Form 4, November 9, 2026 |
| October 12, 2026 | Jay A. Bys EVP & Chief Commercial Officer | Sale | 11,907 | $643K | Form 4, October 14, 2026 |
| September 4, 2026 | Jay A. Bys EVP & Chief Commercial Officer | Sale | 11,907 | $643K | Form 4, September 8, 2026 |
| August 10, 2026 | Jay A. Bys EVP & Chief Commercial Officer | Sale | 11,907 | $643K | Form 4, August 12, 2026 |
| July 13, 2026 | Jay A. Bys EVP & Chief Commercial Officer | Sale | 11,907 | $643K | Form 4, July 14, 2026 |
| June 4, 2026 | Jay A. Bys EVP & Chief Commercial Officer | Sale | 11,907 | $734K | Form 4, June 5, 2026 |
| May 12, 2026 | Michael L. Preston EVP, Chf Strategy Officer & GC | Sale | 26,409 | $1.6M | Form 4, May 12, 2026 |
| March 11, 2026 | Christopher D. Gould EVP & Chief Sustainability Off | Sale | 24,347 | $1.5M | Form 4, March 12, 2026 |
Recent 8-K events
- 8-K filed 2026-11-02
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-10-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-10
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-14
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-26
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-16
- Item 8.01 Other events
- 8-K filed 2026-06-16
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-05-05
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-17
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-03-23
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
Frequently asked questions about California Resources Corp
- What does California Resources Corp do?
- In its own words, from Item 1 of its 10-K: "We are an independent energy and carbon management company advancing the energy transition. We are committed to environmental stewardship while safely providing local, responsibly sourced energy. We are also focused on maximizing the value of our land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions reducing projects."
- What is California Resources Corp's revenue?
- $3.7B for the fiscal year ending December 31, 2025, from its 10-K filed March 2, 2026.
- Is California Resources Corp profitable?
- California Resources Corp reported net income of $363M for the fiscal year ending December 31, 2025.
- How many employees does California Resources Corp have?
- About 2,500 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of California Resources Corp?
- Francisco Leon, CRC’s President and Chief Executive Officer, as named in a 8-K filed November 2, 2026.
- Who is the CFO of California Resources Corp?
- Clio C. Crespy, EVP and CFO, as named in a 4 filed March 3, 2026.
- Where is California Resources Corp headquartered?
- Long Beach, CA.
- What is California Resources Corp's stock ticker?
- CRC on NYSE.
- What industry is California Resources Corp in?
- Crude Petroleum & Natural Gas, SIC code 1311.
- What is California Resources Corp's website?
- crc.com.
- When does California Resources Corp report earnings next?
- January 5, 2027. Source: estimate_8k_pattern.
- Is California Resources Corp a public company?
- Yes. California Resources Corp files with the SEC under CIK 0001609253 and trades as CRC.
- Who audits California Resources Corp?
- Kpmg LLP, Los Angeles, CA, as named in its latest annual report (10-K).
- How many shares of California Resources Corp are outstanding?
- 88.3 million shares as of September 30, 2026, from its 10-Q filed November 3, 2026.
- What is California Resources Corp's public float?
- $3.8B as of June 30, 2025, as reported on the cover of its 10-K filed March 2, 2026.
- How many business segments does California Resources Corp report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 3, 2026.
- When is California Resources Corp's annual shareholder meeting?
- April 30, 2026, per its proxy statement (DEF 14A) filed March 18, 2026.
- Have California Resources Corp insiders traded stock recently?
- Since November 12, 2025, officers and directors reported 10 open-market sales worth about $9.5M and 3 purchases worth about $318K on Forms 4 and 5. The most recent: Francisco Leon (President and CEO) bought 800 shares on November 6, 2026.