California Resources Corp shareholders approved Advisory vote to approve named executive officer compensation at the 2026-04-30 meeting.
“The advisory vote to approve named executive officer compensation was approved. The proposal received 68,885,474 votes for; 12,331,300 votes against; 219,359 abstentions; and 2,978,368 broker non-votes.”
Shareholder Votes
California Resources Corp shareholders approved Ratification of selection of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2026 at the 2026-04-30 meeting.
“The ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was approved. The proposal received 84,090,991 votes for; 196,747 votes against; and 126,763 abstentions.”
Shareholder Votes
California Resources Corp shareholders approved Election of nine director nominees at the 2026-04-30 meeting.
“The nine director nominees named in the Company’s proxy statement were elected with the following votes: Nominee For Withheld Broker Non-Votes Andrew Bremner 80,957,744 478,389 2,978,368 Tiffany (TJ) Thom Cepak 81,114,915 321,218 2,978,368 James N. Chapman 80,761,492 674,641 2,978,368 James R. Jackson 81,279,400 156,733 2,978,368 Christian S. Kendall 78,671,214 2,764,919 2,978,368 Francisco J. Leon 81,280,018 156,115 2,978,368 Mark A. (Mac) McFarland 81,280,348 155,785 2,978,368 William B. Roby 80,358,733 1,077,400 2,978,368 Alejandra (Ale) Veltmann 80,392,617 1,043,516 2,978,368”
Earnings Releases
California Resources Corp updated its the three months ended March 31, 2026 guidance (raised).
“On May 5, 2026, California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three months ended March 31, 2026.”
Material Agreements
California Resources Corp amended Ninth Amendment with Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto (effective 2026-04-14).
“On April 14, 2026, California Resources Corporation (the "Company") entered into an amendment (the "Ninth Amendment") to the Amended and Restated Credit Agreement, dated as of April 26, 2023 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time), with Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto.”
Debt Financings
California Resources Corp incurred senior notes of $350 million aggregate principal amount with Wilmington Trust, National Association at 7.000% maturing January 15, 2034.
“On March 23, 2026, California Resources Corporation (the “Company”) completed its previously announced upsized private offering of an additional $350 million aggregate principal amount of its 7.000% senior unsecured notes due 2034 (the “Notes”).”
Material Agreements
California Resources Corp entered into First Supplemental Indenture with Wilmington Trust, National Association (effective 2026-01-16).
“The terms of the Notes are governed by the Indenture, dated as of October 8, 2025 (the “Original Indenture”, as amended and supplemented by the First Supplemental Indenture, dated as of January 16, 2026 (the “First Supplemental Indenture” and together with the Original Indenture, the “Indenture”)), by and among the Company, the guarantors party thereto (the “Guarantors”) and Wilmington Trust, National Association, as trustee (the “Trustee”).”
Material Agreements
California Resources Corp entered into Indenture with Wilmington Trust, National Association valued at $350 million aggregate principal amount (effective 2026-03-23).
“On March 23, 2026, California Resources Corporation (the “Company”) completed its previously announced upsized private offering of an additional $350 million aggregate principal amount of its 7.000% senior unsecured notes due 2034”
Material Agreements
California Resources Corp amended Eighth Amendment with Citibank, N.A., as administrative agent and collateral agent, and the banks, financial institutions and other lending institutions from time to time parties thereto (effective 2025-12-15).
“On December 15, 2025, California Resources Corporation, a Delaware corporation (“ CRC ”) entered into an amendment (the “ Eighth Amendment ”) to the Amended and Restated Credit Agreement, dated as of April 26, 2023”
M&A Transactions
California Resources Corp completed an acquisition involving Berry Corporation (bry) for 0.0718 shares of CRC Common Stock per share of Berry Common Stock (closed 2025-12-18).
“The Eighth Amendment became effective upon the closing of the previously announced all-stock combination (the “ Merger ”) contemplated by that certain Agreement and Plan of Merger, dated September 14, 2025 (the “ Merger Agreement ”), by and among CRC, Berry Corporation (bry), a Delaware corporation (“ Berry ”) and Dornoch Merger Sub, LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of CRC (“ Merger Sub ”).”
Debt Financings
California Resources Corp incurred senior notes of $400.0 million with Wilmington Trust, National Association at 7.000% maturing 2034.
“On October 8, 2025, California Resources Corporation (the “Company”) completed its previously announced private offering of $400.0 million aggregate principal amount of its 7.000% senior notes due 2034 (the “Notes”).”
Bobby Saadati departed as Director at California Resources Corp.
“Mr. Saadati will resign from the Company’s Board of Directors (the “ Board ”), effective upon consummation of the Stock Repurchase.”
Clio C. Crespy was appointed as Executive Vice President and Chief Financial Officer at California Resources Corp.
“Clio C. Crespy will join the Company as Executive Vice President and Chief Financial Officer, effective January 1, 2025.”
M&A Transactions
California Resources Corp completed an acquisition involving IKAV Energy Inc., IKAV Impact S.a.r.l., Simlog Inc., Oaktree Huntington Investment Fund II AIF (Delaware), L.P. – Class C, Oaktree Huntington Investment Fund II AIF (Delaware), L.P. – Class G, OCM Opps XI AIV Holdings (Delaware), L.P., OCM Opps Xb AIF Holdings (Delaware), L.P., OCM Aera E Holdings, for 21,315,707 shares of common stock of CRC (closed 2024-07-01).
“CRC completed the Transaction through a series of mergers of CRC merger subsidiaries and holding companies of the Aera Companies and issued to the Sellers consideration of 21,315,707 shares of common stock of CRC, par value $0.01 per share (“ Common Stock ”). -3- The foregoing description of the Transaction and the Merger Agreement contained in this Item 2.01”
Nicole Neeman Brady resigned as director at California Resources Corp.
“On June 28, 2024, Ms. Nicole Neeman Brady notified CRC of her intent to resign from the Board effective as of July 1, 2024.”
James Jackson was appointed as director at California Resources Corp.
“Effective July 1, 2024, pursuant to the terms of the Stockholder Agreements, our Board of Directors (the “ Board ”) appointed Bobby Saadati and James Jackson as directors.”
Bobby Saadati was appointed as director at California Resources Corp.
“Effective July 1, 2024, pursuant to the terms of the Stockholder Agreements, our Board of Directors (the “ Board ”) appointed Bobby Saadati and James Jackson as directors.”
Earnings Releases
California Resources Corp reported the three months ended March 31, 2024 results: net income $10 million, or $0.14 per diluted share.
“On May 7, 2024, California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three months ended March 31, 2024.”
Material Agreements
California Resources Corp amended Amendment with Citibank, N.A., as administrative agent, collateral agent and issuing bank, and the several lenders party thereto (effective 2024-03-08).
“On March 8, 2024, California Resources Corporation (the “Company” or “CRC”) entered into a third amendment (the “Amendment”) to its Amended and Restated Credit Agreement, dated as of April 26, 2023, with Citibank, N.A., as administrative agent, collateral agent and issuing bank, and the several lenders party thereto (as amended, the “Revolving Credit Facility”).”
Earnings Releases
California Resources Corp reported the fourth quarter and full-year 2023 results: net income $564 million, EPS $7.78 per diluted share.
“Reported net income of $564 million, or $7.78 per diluted share.”
Material Agreements
California Resources Corp entered into Agreement and Plan of Merger with Petra Merger Sub I, LLC, Petra Merger Sub C, LLC, Petra Merger Sub O, LLC, Petra Merger Sub O2, LLC, Petra Merger Sub O3, LLC, Petra Merger Sub S, LLC, IKAV Impact USA Inc., CPPIB Vedder US Holdings LLC, Opps Xb Aera E CTB, LLC, Opps XI Aera E CTB, LLC, Green Gate COI, LLC, IKAV Impact S.a.r.l., Sim (effective 2024-02-07).
“On February 7, 2024, California Resources Corporation, a Delaware corporation (“ Parent ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)”
Earnings Releases
California Resources Corp reported the three and nine months ended September 30, 2023 results: net income $22 million, or $0.32 per diluted share, EPS $0.32 per diluted share.
“California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three and nine months ended September 30, 2023.”
Earnings Releases
California Resources Corp reported second quarter 2023 results: net income $97 million, or $1.35 per diluted share, EPS $1.35 per diluted share. Guidance reaffirmed.
“On July 31, 2023, California Resources Corporation (the “Company”) issued a press release announcing its financial condition and results of operations for the three and six months ended June 30, 2023.”
Omar Hayat was appointed as Executive Vice President – Operations at California Resources Corp.
“On June 16, 2023, Omar Hayat was appointed as Executive Vice President – Operations, effective as of June 19, 2023.”
Shawn Kerns departed as Executive Vice President and Chief Operating Officer at California Resources Corp.
“On June 16, 2023, California Resources Corporation (the “Company”) announced that Shawn Kerns, Executive Vice President and Chief Operating Officer, will retire from the Company effective as of July 31, 2023.”
Earnings Releases
California Resources Corp reported first quarter 2023 results: net income $301 million, EPS $4.09 per diluted share. Guidance raised.
“Reported net income of $301 million, or $4.09 per diluted share.”
Governance Changes
California Resources Corp: Amendment to Certificate of Incorporation to permit officer exculpation for direct claims for breach of fiduciary duty of care, as permitted by Delaware law (effective 2023-05-01).
“On April 28, 2023, the stockholders approved an amendment of the Company's Certificate of Incorporation, and the amendment was filed with the office of the Secretary of State of Delaware on May 1, 2023 and became effective upon filing. The amendment was adopted to reflect new Delaware law provisions regarding officer exculpation.”
Shareholder Votes
California Resources Corp shareholders approved Amendment to Certificate of Incorporation regarding officer exculpation at the 2023-04-28 meeting.
“The amendment to the Certificate of Incorporation regarding officer exculpation was approved. The proposal received 55,610,207 votes for; 6,557,090 votes against; 95,890 abstentions; and 2,039,962 broker non-votes.”
Shareholder Votes
California Resources Corp shareholders approved Advisory vote to approve named executive officer compensation at the 2023-04-28 meeting.
“The advisory vote to approve named executive officer compensation was approved. The proposal received 62,001,685 votes for; 254,522 votes against; 6,980 abstentions; and 2,039,962 broker non-votes.”
Shareholder Votes
California Resources Corp shareholders approved Ratification of KPMG LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-04-28 meeting.
“The ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved. The proposal received 64,209,577 votes for; 93,388 votes against; and 184 abstentions.”
Manuela (Nelly) Molina was appointed as Executive Vice President and Chief Financial Officer at California Resources Corp.
“On May 1, 2023, California Resources Corporation (the “ Company ”) announced that Manuela (Nelly) Molina has been appointed as Executive Vice President and Chief Financial Officer, effective May 8, 2023.”
Earnings Releases
California Resources Corp reported three months ended December 31, 2022 results: net income $83 million, EPS $1.11 per diluted share. Guidance initiated.
“Fourth Quarter 2022 Highlights Financial • Reported net income of $83 million, or $1.11 per diluted share.”
Earnings Releases
California Resources Corp reported twelve months ended December 31, 2022 results: net income $524 million, EPS $6.75 per diluted share. Guidance initiated.
“Annual Highlights • Reported net income attributable to common stock of $524 million, or $6.75 per diluted share.”
Earnings Releases
California Resources Corp reported third quarter 2022 results: net income $426 million, EPS $5.58 per diluted share.
“Reported net income of $426 million, or $5.58 per diluted share.”
Alejandra Veltmann was elected as Director and Chair of the Audit Committee at California Resources Corp.
“On December 14, 2021, the Board of Directors (the “Board”) of California Resources Corporation (the “Company”) elected Ms. Alejandra Veltmann to fill a vacancy on the Board.”
Nicole Neeman Brady was elected as Director at California Resources Corp.
“On August 5, 2021, the Board of Directors (the “Board”) of the Company elected Ms. Nicole Neeman Brady to fill a vacancy on the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.