California Resources Corporation (CRC) Stock Price, News & Analysis

California Resources Corporation (CRC) is an independent energy and carbon management company whose operations are focused on California. According to company disclosures, CRC is committed to environmental stewardship while safely providing local, responsibly sourced energy. The company is listed on the New York Stock Exchange under the ticker symbol CRC and operates in the crude petroleum and natural gas extraction industry within the broader mining, quarrying, and oil and gas extraction sector.

CRC describes itself as an energy and carbon management company that is "committed to energy transition." It states that it aims to provide affordable and reliable energy in a safe and responsible manner to support and enhance the quality of life of Californians and the local communities in which it operates. The company also highlights that it has some of the lowest carbon intensity production in the United States and is focused on maximizing the value of its land, mineral ownership, and technical and energy expertise for decarbonization.

Core business and energy operations

Based on the information provided, CRC is active in oil and natural gas exploration and production and identifies itself as an oil and natural gas producer in California. The company notes that it has production segment operating assets in regions such as Ventura County and the Los Angeles Basin, where it has obtained MiQ methane emissions performance certifications. CRC reports that it remains the only oil and natural gas producer in California and the Rocky Mountain region to receive MiQ certification for its operations, with a "Grade A" rating for certain assets under MiQ’s methane emissions standard.

The company has also reported operating assets in basins such as the San Joaquin Basin and references long-lived, low-decline conventional assets with development potential. CRC has indicated that it generates energy from local production and that its activities are intended to support California’s energy needs safely and reliably.

Carbon management and Carbon TerraVault

A distinctive aspect of CRC’s stated strategy is its focus on carbon management and carbon capture and storage (CCS). CRC has a dedicated carbon management business called Carbon TerraVault (CTV). According to company descriptions, CTV is developing services to capture, transport and permanently store carbon dioxide (CO₂) for its customers. CTV is engaged in a series of proposed CCS projects that would inject CO₂ captured from industrial sources into depleted reservoirs deep underground for permanent sequestration.

CRC reports that it is focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing CCS and other emissions-reducing projects. The company has also entered into memoranda of understanding with power producers and other partners in California to evaluate CCS solutions, including for brownfield power facilities. These memoranda of understanding are described as non-binding agreements that are subject to conditions such as negotiation of definitive documents, final investment decisions, and regulatory approvals.

CRC has also announced the groundbreaking of Carbon TerraVault I (CTV I), which it describes as California’s first carbon capture and storage project. According to the company, CTV I is being developed at CRC’s Elk Hills Field in Kern County as a dedicated CO₂ storage site and is part of the Carbon TerraVault Joint Venture between a CRC subsidiary and Brookfield. CRC states that CTV I is designed as a cornerstone of California’s emerging CCS industry and that it has received final Class VI permits from the U.S. Environmental Protection Agency and unanimous approval from the Kern County Board of Supervisors.

Energy transition and emissions performance

CRC emphasizes its role in California’s energy transition. The company states that it is committed to environmental stewardship and to helping California achieve its climate and decarbonization goals while continuing to provide local energy. It notes that it has some of the lowest carbon intensity production in the United States and that it is working to certify its production across California under MiQ’s methane emissions performance standard.

CRC has reported receiving MiQ "Grade A" certification for its production segment operating assets in Ventura County and previously for its Los Angeles Basin assets. MiQ is described as a not-for-profit organization focused on methane emissions certification and data. CRC’s certifications are presented as independent, third-party verification of its methane emissions performance and its efforts to reduce methane emissions from its oil and gas operations.

Corporate developments and Berry combination

From a corporate structure standpoint, CRC remains a publicly traded company on the New York Stock Exchange under the symbol CRC. In December 2025, CRC reported in an on Form 8-K that it completed an all-stock combination with Berry Corporation (bry). According to that filing, a CRC subsidiary merged with Berry, and Berry survived as a direct, wholly owned subsidiary of CRC. Each share of Berry common stock (with specified exceptions) was converted into a fraction of a share of CRC common stock based on an agreed exchange ratio.

CRC also reported that, in connection with the combination with Berry, it amended its credit agreement to facilitate the closing of the merger and increased the aggregate elected commitment amount under its revolving credit facility. The company has also disclosed private offerings of senior notes and subsequent amendments to its credit agreement to add lenders and increase commitments.

Community engagement and partnerships

CRC has described various community and partnership initiatives in California. The company has announced donations to support food security efforts across the state through contributions to local food banks and community organizations, including in areas where CRC has an operational presence such as the cities of Long Beach and Stockton and several California counties. CRC states that it has provided significant cumulative contributions to local nonprofits and organizations since 2015, including those addressing food insecurity.

CRC has also highlighted a partnership with the Los Angeles Rams called "Football Without the Footprint," which it describes as a carbon management initiative designed to reduce and offset the team’s carbon emissions. Under this initiative, CRC reports that it has analyzed the Rams’ energy use and travel-related emissions and delivered environmental products and carbon credits, including MiQ-certified low-carbon crude oil and natural gas certificates from its local production and credits from an industrial emissions avoidance project.

Headquarters and listing

According to SEC filings, California Resources Corporation is incorporated in Delaware and has its principal offices in Long Beach, California. Its common stock is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades on the New York Stock Exchange under the symbol CRC.

Frequently asked questions about California Resources Corporation

The following questions and answers summarize key points drawn from company descriptions, news releases and SEC filings.