California Resources

California Resources Corporation is an independent oil and natural gas exploration and production company based in Santa Clarita, California, focused exclusively on operations within the state. The company manages approximately 2.1 million net acres of mineral acreage and has net proved reserves totaling 644 million barrels of oil equivalent. California Resources emphasizes low-carbon intensity production, making it one of the leaders in this regard in the United States. The company is committed to energy transition and aims to enhance the quality of life for Californians by providing affordable and reliable energy. In addition to its core exploration and production activities, California Resources is developing carbon capture and storage (CCS) and other emission-reduction projects, thereby maximizing the value of its resources while contributing to decarbonization efforts.