California Resources Corporation (CRC) is an independent energy company based in Long Beach, California. It specializes in the exploration, production, processing, gathering, and marketing of crude oil, natural gas, and natural gas liquids throughout California. Founded in 2014 as a spin-off from Occidental Petroleum, CRC has become the largest oil and natural gas exploration and production company in the state, with significant operations in key basins such as the San Joaquin, Ventura, Los Angeles, and Sacramento Basins.

CRC's core activities include hydrocarbon exploration and production, processing and gathering of energy resources, and marketing to various purchasers, including refineries. The company operates the Elk Hills Oil Field, which is its largest asset, and also runs a natural-gas-fired power plant to support its operations. Committed to environmental stewardship, CRC focuses on sustainable energy production and initiatives like carbon capture and storage to align with California's climate goals.