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California Resources Corp executive Jay A. Bys, EVP & Chief Commercial Officer, reported selling 11,907 shares of common stock on August 10, 2026 at $54.00 per share in an open-market or private transaction. The sale occurred automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, and left him with 147,517 shares held directly.
CRC insider Jay A. Bys filed a notice of intent to sell 11,907 shares of common stock through Fidelity Brokerage Services LLC, with an aggregate market value of $642,978.00 as of 08/10/2026 on the NYSE. These shares originated from restricted stock vesting on 01/25/2024 as compensation. The filing also lists prior sales during the past three months, including 11,907 shares sold on 06/04/2026 for $734,423.76 and another 11,907 shares sold on 07/13/2026 for $642,978.00.
California Resources Corporation reported stronger quarterly performance while absorbing merger and hedging impacts. For the three months ended June 30, 2026, total operating revenues were $1,297 million, up from $978 million a year earlier, driven by higher oil prices and volumes including Berry’s contribution. Quarterly net income rose to $514 million (basic EPS $5.79) versus $172 million (EPS $1.93) in 2025, helped by a $205 million net gain on commodity sales derivatives.
For the six-month period, results were weaker: operating revenues were $1,416 million versus $1,890 million in 2025 and CRC recorded a net loss of $197 million versus income of $287 million, largely due to a $643 million net loss on commodity sales derivatives. Operating cash flow was $362 million for the first half, funding $280 million of capital investments, $72 million of dividends, and modest share repurchases. The Berry all-stock merger was preliminarily valued at $709 million, while CRC agreed to acquire Crimson Midstream for about $63 million. The company refinanced its debt stack with new $750 million 2034 and $550 million 2035 senior notes, fully redeeming 8.250% 2029 notes, and ended the quarter with $1,281 million of long-term debt and $56 million of cash. CRC advanced its carbon management strategy, beginning first CO₂ injection at its Elk Hills 26R reservoir and recording initial, though still insignificant, carbon-management revenue.
California Resources Corporation reported strong second-quarter 2026 results driven by higher commodity prices, derivative gains and operating efficiency. Net production averaged 149 MBoe/d (81% oil). Oil, gas and NGL sales were $1,056 million and total operating revenues before derivatives were $1,092 million.
Net income was $514 million, heavily influenced by a $370 million non-cash gain on commodity derivatives; adjusted net income was $88 million with adjusted EBITDAX of $338 million. Net cash provided by operating activities was $263 million, yielding $114 million of free cash flow. Liquidity totaled $1,322 million, including $43 million of cash and $1,279 million of revolver availability.
The company agreed to acquire Crimson Midstream for $63 million in cash, reduced its California long-term maintenance capital outlook and completed a $550 million 7.250% 2035 notes offering, redeeming all $550 million 8.250% 2029 notes for $573 million. CRC declared a quarterly dividend of $0.405 per share and has returned $1,655 million to shareholders since 2021. Full-year 2026 guidance includes net production of 150–155 MBoe/d, capital investments of $520–$560 million and adjusted EBITDAX of $1.2–$1.3 billion.
BlackRock, Inc. filed an amended Schedule 13G reporting a significant passive ownership position in California Resources Corporation common stock. BlackRock reports beneficial ownership of 11,576,596 shares, representing 13.0% of the outstanding common stock.
BlackRock has sole voting power over 11,477,968 shares and sole dispositive power over all 11,576,596 shares, with no shared voting or dispositive power. An affiliated fund, iShares Core S&P Small-Cap ETF, is stated to have an interest in CRC common stock exceeding five percent of the total outstanding shares.
California Resources Corp executive Jay A. Bys, EVP & Chief Commercial Officer, reported an open-market sale of 11,907 shares of Common Stock at $54.00 per share on July 13, 2026. The transaction occurred automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, and Bys now holds 159,424 shares directly.
California Resources Corporation reports preliminary realized pricing and hedge results for the three months ended June 30, 2026. Management estimates a $190 million loss from net settlement of commodity derivatives, including a $164 million loss from commodity sales derivatives and a $26 million loss from natural gas purchase derivatives.
Estimated index prices were Brent $96.87 per Bbl, WTI $92.79 per Bbl and NYMEX Henry Hub $2.90 per Mcf. The company reports an average realized oil price of $91.64 per Bbl before derivatives and $76.50 per Bbl after derivative settlements, with NGLs at $49.62 per Bbl and gas at $1.84 per Mcf. All figures are preliminary, unaudited and not a comprehensive presentation of quarterly results.
Jay A. Bys filed to potentially sell 11,907 shares of CRC common stock through Fidelity Brokerage Services LLC on or after July 13, 2026, with an indicated aggregate market value of $642,978.00. The shares relate to prior restricted stock vesting events and follow a recent sale reported in the past three months.
California Resources Corporation completed a private offering of $550 million of 7.250% senior unsecured notes due 2035 and used the net proceeds, plus cash and/or revolver borrowings, to fund the redemption of $550 million of its 8.250% senior unsecured notes due 2029 at 104.125% of principal plus accrued interest.
The new notes mature on January 15, 2035, pay interest semi-annually each January 15 and July 15 starting in 2027, are guaranteed on a senior unsecured basis by key subsidiaries, and include customary covenants, optional redemption features after July 15, 2029, and a 101% repurchase offer upon certain change of control trigger events.
California Resources Corp executive vice president and chief operating officer Omar Hayat reported equity compensation activity tied to stock unit vesting. On June 19, 2026, performance stock units granted on June 19, 2023 vested, resulting in an award of 7,312 shares of common stock at a stated price of $0.00 per share. To cover tax withholding on the vesting of performance and restricted stock units, 2,139 shares and 3,945 shares of common stock were surrendered at $55.30 per share, respectively, as tax-withholding dispositions rather than open-market sales. Following these transactions, Hayat directly held 83,492 shares in one reported line and 85,631 shares in another, indicating that the overall activity reflects routine compensation and tax settlement rather than discretionary buying or selling.