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.
California Resources Corporation is privately issuing $550 million of 7.250% senior unsecured notes due 2035 at par. The notes will be guaranteed by subsidiaries that already back its credit facility and existing senior notes. The company expects net proceeds of about $541 million.
CRC plans to use these proceeds, along with borrowings under its revolving credit facility and/or cash on hand, to redeem all $550 million of its 8.250% senior notes due 2029 at a redemption price of 104.125% of principal plus accrued interest. The new notes are offered only to qualified institutional buyers under Rule 144A and to certain non‑U.S. investors under Regulation S.
California Resources Corporation plans a private offering of $550 million of senior unsecured notes due 2035. The company intends to use the proceeds, with its credit facility and/or cash on hand, to redeem all $550 million of its 8.250% senior unsecured notes due 2029 at 104.125% of principal plus accrued interest.
Excerpts of an offering memorandum show historical and pro forma data after the Berry merger, including total operating revenues of $119 million and a net loss of $711 million for the three months ended March 31 2026, and adjusted EBITDAX of $304 million for that period. As of May 31 2026, cash and cash equivalents were $32 million with no balance outstanding under the revolving credit facility.
California Resources Corp executive Jay A. Bys reported an open-market sale of 11,907 shares of common stock. The transaction occurred on June 4, 2026, at an average price of $61.68 per share. After this sale, he directly holds 171,331 shares. The filing notes the sale was executed automatically under a Rule 10b5-1 trading plan adopted on March 5, 2026, indicating it was pre-planned rather than a discretionary trade.
CRC submitted a Form 144 reporting the proposed disposition of 11,907 shares of Common Stock through Fidelity Brokerage Services LLC. The filing lists restricted stock vesting events of 3,061 shares on 02/22/2026 and 8,846 shares on 02/23/2026, and references $734,423.76 and the exchange NYSE with a filing date of 06/04/2026.
California Resources Corp beneficial ownership disclosure by Sourcerock Group LLC shows the firm holds 4,545,993 shares of common stock, representing 5.13% of the class as reported. The filing lists sole voting and dispositive power over the same 4,545,993 shares. The statement is signed by Andrew Haley as Chief Compliance Officer.