California Resources Corporation

California Resources Corporation (CRCQW) operates as an independent entity focused on the exploration and production of crude oil and natural gas. The company manages the entire lifecycle of these resources, from their discovery and extraction to gathering, processing, and marketing crude oil, natural gas, and natural gas liquids (NGLs). Its customer base includes energy marketers, Californian refineries, and other purchasers that possess suitable transportation and storage infrastructure. As of December 31, 2021, CRC held interests across approximately 1.9 million net mineral acres, with its proven reserves estimated at 480 million barrels of oil equivalent. Furthermore, the company engages in the business of generating and supplying electricity to both local utility companies and the broader power grid. Founded in 2014, California Resources Corporation is headquartered in Santa Clarita, California.