Welcome to our dedicated page for California Res SEC filings (Ticker: CRC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
California Resources Corporation filings document the company's oil and natural gas results, carbon management disclosures, governance matters, and capital structure. Recent Form 8-K reports furnish financial condition and operating results, including production, capital investment, drilling activity, shareholder returns, and updates tied to the completed Berry Corporation combination.
CRC's regulatory record also includes definitive proxy materials and annual meeting results covering director elections, auditor ratification, executive compensation votes, and stockholder governance. Material-event filings record amendments to its revolving credit facility, disclosures related to senior unsecured notes, principal accounting officer changes, indemnification arrangements, and other corporate finance matters.
Preston Michael L. reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp executive Michael L. Preston, EVP and Chief Strategy Officer & General Counsel, received an equity award linked to company performance. He was granted 19,166 restricted stock units (RSUs), each representing one share of common stock. These RSUs vest in three equal annual installments on March 2 of 2027, 2028, and 2029, encouraging long-term alignment with shareholders. Following this grant, he directly holds 130,623 shares of common stock, including the awarded units.
Leon Francisco reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp President and CEO Leon Francisco received an equity award of 43,833 shares in the form of restricted stock units. Each unit represents one share of common stock and will vest in three equal installments on March 2 of 2027, 2028 and 2029. Following this grant, he holds 336,948 shares of common stock directly.
Hayat Omar reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp executive Omar Hayat, EVP & Chief Operating Officer, received an equity award in the form of 16,327 shares of Common Stock on March 2, 2026, reported at a price of $0.0000 per share.
According to the footnote, this represents a grant of restricted stock units (RSUs), each convertible into one share of Common Stock, vesting in three equal annual installments on March 2, 2027, 2028, and 2029. Following this grant, Hayat directly holds 105,236 shares of Common Stock.
Gould Christopher D. reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp executive Christopher D. Gould, EVP & Chief Sustainability Officer, received an equity award of 17,462 shares of Common Stock in the form of restricted stock units. These RSUs vest in three equal annual installments on March 2 of 2027, 2028, and 2029. Following this grant, he directly holds 155,884 shares of Common Stock.
California Resources Corp reported that EVP and CFO Clio C. Crespy acquired 17,462 shares through a grant of restricted stock units (RSUs) at no cash cost. Each RSU represents one share of common stock and will vest in three equal annual installments on March 2 of 2027, 2028 and 2029.
Following this award, Crespy now directly holds 98,501 shares of California Resources common stock. The grant ties a portion of the CFO’s compensation to the company’s future share performance over the next several years.
Bys Jay A. reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp reported that EVP & Chief Commercial Officer Jay A. Bys received an award of 15,957 shares of Common Stock in the form of restricted stock units. The RSUs vest in three equal annual installments on March 2 of 2027, 2028 and 2029. Following this grant, his directly owned Common Stock holdings total 183,238 shares.
California Resources Corporation outlines a transformed 2025, driven by the all-stock Berry merger and growth in both oil and gas and carbon management. The deal added 56 MMBoe of proved developed reserves and 93 MMBoe of total proved reserves, plus C&J Well Services and Utah acreage.
The company ended 2025 with 654 MMBoe of proved reserves and average production of 138 MBoe/d, generating $363 million of net income and $865 million of operating cash. Liquidity was $1,401 million against $1,300 million of long-term debt, and PV‑10 was $8,717 million.
CRC emphasizes cost synergies of $80–$90 million annually from the Berry integration, disciplined capital spending, and a growing CCS platform via its Carbon TerraVault JV. It has also adopted a “Responsible Net Zero” goal targeting at least an 80% cut in Scope 1 and 2 emissions by 2045.
California Resources Corporation reported strong fourth quarter and full-year 2025 results and issued 2026 guidance. For 2025, total operating revenues were $3,669 million versus $3,198 million in 2024, with net income of $363 million and adjusted net income of $359 million. Adjusted EBITDAX reached $1,241 million, and free cash flow was $543 million, the highest since 2021.
Average 2025 net production rose 25% year over year to 138 MBoe/d, while proved reserves increased to 654 MMBoe and proved undeveloped reserves grew 190%. The company returned $513 million to shareholders through $377 million of share repurchases and $136 million of dividends, and raised its annual dividend by 5% to $1.62 per share.
For 2026, California Resources targets about 12% production growth to 152–157 MBoe/d (81% oil), capital investments of $430–$470 million, and adjusted EBITDAX of $970–$1,070 million. Management also expects $80–$90 million of Berry merger synergies and plans first CO₂ injection at its Elk Hills CCS project in spring 2026, subject to commissioning and regulatory approval.
California Resources Corp Senior VP and Controller Noelle M. Repetti reported a Form 4 transaction involving company common stock. On February 25, 2026, she surrendered 764 restricted stock units to cover tax withholding for RSUs that vested that day, a non‑market, tax-related disposition. Following this transaction, she directly owned 12,610 shares of California Resources common stock.
California Resources Corp executive Michael L. Preston reported a tax-related share disposition. On February 25, 2026, he surrendered 4,074 shares of common stock at $58.12 per share to satisfy tax withholding on restricted stock units that vested that day. After this transaction, he directly held 111,457 shares of common stock.