CRC

California Resources Corporation (NYSE:CRC) is an independent oil and natural gas exploration and production company founded in 2014 and publicly traded since October 2020. The company operates exclusively in California, focusing on mature oil fields in the San Joaquin Basin and Los Angeles Basin. CRC has evolved from a traditional oil and gas producer into a diversified energy company that also generates electricity and develops carbon capture and storage projects. The company completed a transformative merger with Aera Energy in 2024, significantly expanding its asset base and production capacity.