OverviewSuggest Edit

California Resources Corporation is an oil and natural gas exploration and production company. It explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids.
TypePublic
Founded2014
HQSanta Clarita, CA, US
Websitecrc.com
Employee Ratings3.5
Overall CultureF

Latest Updates

Employees (est.) (Dec 2019)1,250(-16%)
Job Openings34
Revenue (FY, 2019)$2.6 B(-14%)
Share Price (Nov 2021)$43.5(-4%)
Cybersecurity ratingBMore
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Key People/Management at California Resources Corporation

Mark A. McFarland

Mark A. McFarland

Chairman of the Board, President and Chief Executive Officer
Andrew B. Bremner

Andrew B. Bremner

Director
Michael L. Preston

Michael L. Preston

Senior Executive Vice President, Chief Administrative Officer and General Counsel
Shawn M. Kerns

Shawn M. Kerns

Executive Vice President, Operations and Engineering
Francisco J. Leon

Francisco J. Leon

Executive Vice President, Corporate Development and Strategic Planning
William B. Roby

William B. Roby

Director
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California Resources Corporation Office Locations

California Resources Corporation has offices in Santa Clarita and Los Angeles
Santa Clarita, CA, US (HQ)
27200 Tourney Rd #315
Los Angeles, CA, US
9200 Oakdale Ave, Chatsworth
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California Resources Corporation Financials and Metrics

California Resources Corporation Revenue

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California Resources Corporation's revenue was reported to be $2.63 b in FY, 2019 which is a 14% decrease from the previous period.
USD

Revenue (FY, 2019)

2.6b

Revenue growth (FY, 2018 - FY, 2019), %

(14%)

Gross profit (FY, 2019)

1.7b

Gross profit margin (FY, 2019), %

66%

Net income (FY, 2019)

99.0m

EBIT (FY, 2019)

429.0m

Market capitalization (12-Nov-2021)

3.7b

Closing stock price (12-Nov-2021)

43.5

Cash (31-Dec-2020)

28.0m

EV

4.3b
California Resources Corporation's current market capitalization is $3.7 b.
USDFY, 2017FY, 2018FY, 2019

Revenue

2.0b3.1b2.6b

Revenue growth, %

53%(14%)

Cost of goods sold

876.0m912.0m895.0m

Gross profit

1.1b2.2b1.7b
USDFY, 2018FY, 2019FY, 2020

Cash

17.0m17.0m28.0m

Accounts Receivable

299.0m277.0m177.0m

Inventories

69.0m67.0m61.0m

Current Assets

640.0m491.0m329.0m
USDFY, 2017FY, 2018FY, 2019

Net Income

(262.0m)429.0m99.0m

Depreciation and Amortization

544.0m502.0m471.0m

Inventories

2.0m(6.0m)

Accounts Payable

(52.0m)(178.0m)(27.0m)
USDFY, 2017

Revenue/Employee

1.4m
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California Resources Corporation Revenue Breakdown

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California Resources Corporation revenue breakdown by business segment: 70.0% from Oil, 6.6% from NGLs, 7.7% from Natural Gas and 15.7% from Other Revenue

California Resources Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

California Resources Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

California Resources Corporation Online and Social Media Presence

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California Resources Corporation Company Culture

  • Overall Culture

    F

    44/100

  • CEO Rating

    A+

    90/100

  • Compensation

    F

    10/100

Learn more on Comparably

California Resources Corporation News and Updates

California Resources Corporation Announces Appointment of Permanent CEO

California Resources Corporation (NYSE: CRC) (the “Company”) announced today the appointment of Mark A. (“Mac”) McFarland as the Company’s permanent President and Chief Executive Officer, effective immediately.

California Resources Corporation Announces Fourth Quarter 2020 and Full Year Results

California Resources Corporation (NYSE: CRC), an independent California-based oil and natural gas exploration and production company, today reported fourth quarter and full year 2020 results.

California Resources Corporation Schedules Fourth Quarter and Full Year 2020 Earnings Release; Announces Virtual Strategy Day and Investor Conference Participation

California Resources Corporation (NYSE: CRC) announced today that it will release its fourth quarter and full year 2020 financial results following the market close on Thursday, March 11, 2021.

California Resources Corporation Announces Functional Realignment and Streamlining of Leadership Team

California Resources Corporation (NYSE: CRC) (the “Company”) announced today that it is reducing the size of its leadership team and realigning several functions as it focuses on efficiency and cost reductions.

California Resources Corporation Announces Pricing of Private Offering of $600 Million of Senior Unsecured Notes

California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of its private offering of $600 million in aggregate principal amount of its 7.125% senior unsecured notes due 2026 (the “Notes”) at par.

California Resources Corporation Blogs

California Resources Corporation to Participate in November 2019 Investor Conference

Dateline City: LOS ANGELES   LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production …

California Resources Corporation Announces Its Third Quarter 2019 Earnings Release and Conference Call

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) will host its third quarter 2019 financial results conference call on Monday, November 4th at 5:00 p.m. EST (2:00 p.m. PST). The Compa…

California Resources Corporation to Participate in September 2019 Investor Conference

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, announced that Todd Stevens, CRC’s President and Chie…

California Resources Corporation Announces a Joint Venture with Colony Capital to Invest up to $500 Million in Oil & Gas Properties

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) and Colony Capital, Inc. (NYSE: CLNY) through its energy investment management arm, Colony HB2 Energy (collectively, “Colony”), announ…

California Resources Corporation Announces Its Second Quarter 2019 Earnings Release and Conference Call

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) will host its second quarter 2019 financial results conference call on Thursday, August 1st at 5:00 p.m. EDT (2:00 p.m. PDT). The Comp…

California Resources Corporation to Participate in June 2019 Investor Conference

Dateline City: LOS ANGELES LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, announced that Mark Smith, CRC’s Senior…
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California Resources Corporation Frequently Asked Questions

  • When was California Resources Corporation founded?

    California Resources Corporation was founded in 2014.

  • Who are California Resources Corporation key executives?

    California Resources Corporation's key executives are Mark A. McFarland, Andrew B. Bremner and Michael L. Preston.

  • How many employees does California Resources Corporation have?

    California Resources Corporation has 1,250 employees.

  • What is California Resources Corporation revenue?

    Latest California Resources Corporation annual revenue is $2.6 b.

  • What is California Resources Corporation revenue per employee?

    Latest California Resources Corporation revenue per employee is $2.1 m.

  • Who are California Resources Corporation competitors?

    Competitors of California Resources Corporation include Parsley Energy, Southwestern Energy and Noble Energy.

  • Where is California Resources Corporation headquarters?

    California Resources Corporation headquarters is located at 27200 Tourney Rd #315, Santa Clarita.

  • Where are California Resources Corporation offices?

    California Resources Corporation has offices in Santa Clarita and Los Angeles.

  • How many offices does California Resources Corporation have?

    California Resources Corporation has 2 offices.