California Resources

California Resources Corporation (CRC) is an American energy company focused on hydrocarbon exploration and production in California. Founded in April 2014 and headquartered in Long Beach, CRC operates across several basins, including the San Joaquin, Ventura, Los Angeles, and Sacramento Basins. The company is recognized for its significant holdings in the Elk Hills Oil Field and its partnership in the Wilmington Oil Field. CRC's operations include conventional primary and enhanced oil recovery methods, with a focus on producing petroleum, natural gas, and natural gas liquids. As of December 31, 2021, CRC had estimated proved reserves of 480 million barrels of oil equivalent. The company reported revenue of $1.889 billion and a net income of $612 million in 2021. CRC is committed to energy transition and sustainability, actively working on carbon management solutions and publishing sustainability reports to highlight its environmental efforts.