California Resources

California Resources Corporation is an independent oil and natural gas exploration and production company based in Santa Clarita, California, operating exclusively within the state. The company focuses on providing affordable and reliable energy while supporting local communities and enhancing their quality of life. It holds interests in approximately 2.1 million net acres of mineral acreage and has a significant portfolio of lower-risk conventional opportunities in major California oil and gas basins, including San Joaquin, Los Angeles, and Sacramento. With net proved reserves of 644 million barrels of oil equivalent, California Resources is committed to energy transition and has some of the lowest carbon intensity production in the United States. The company is actively developing carbon capture and storage (CCS) and other emissions-reducing projects to maximize the value of its resources and contribute to environmental decarbonization efforts.