California Resources CRC Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment profit or (loss) by Business | ||||||
| Carbon Management | -$12M+40.0% | -$20M+4.8% | -$21M-5.0% | -$20M+20.0% | -$25M+19.4% | |
| Oil and Natural Gas | $282M+513% | $46M-74.7% | $182M-6.2% | $194M-27.1% | $266M-0.7% | |
| Total Reportable Segments | $270M+938% | $26M-83.9% | $161M-7.5% | $174M-27.8% | $241M+1.7% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $920M+32.4% | $695M-4.5% | $728M+2.0% | $714M-14.0% | $830M-1.0% | |
| Total Reportable Segments | $920M+32.4% | $695M-4.5% | $728M+2.0% | $714M-14.0% | $830M-1.0% | |
| Other non-operating income, net by Business | ||||||
| Carbon Management | $0— | —— | —— | —— | $0— | |
| Oil and Natural Gas | $0— | —— | —— | —— | $0— | |
| Total Reportable Segments | $0— | —— | —— | —— | $0— | |
| Other revenues and income by Business | ||||||
| Carbon Management | $0— | —— | —— | —— | $0— | |
| Oil and Natural Gas | $7M— | —— | —— | —— | $2M— | |
| Total Reportable Segments | -$786M— | —— | —— | —— | $98M— | |
| Taxes other than on income by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $60M+30.4% | $46M-19.3% | $57M+39.0% | $41M-30.5% | $59M-15.7% | |
| Total Reportable Segments | $60M+30.4% | $46M-19.3% | $57M+39.0% | $41M-30.5% | $59M-15.7% | |
| Depreciation, depletion and amortization by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $128M+0.8% | $127M+7.6% | $118M-2.5% | $121M-4.0% | $126M-2.3% | |
| Total Reportable Segments | $128M+0.8% | $127M+7.6% | $118M-2.5% | $121M-4.0% | $126M-2.3% | |
| Other segment expenses by Business | ||||||
| Carbon Management | $5M-58.3% | $12M0.0% | $12M-14.3% | $14M-22.2% | $18M-14.3% | |
| Oil and Natural Gas | $55M-57.7% | $130M+217% | $41M-12.8% | $47M+9.3% | $43M+30.3% | |
| Total Reportable Segments | $60M-57.7% | $142M+168% | $53M-13.1% | $61M0.0% | $61M+13.0% | |
| Non-energy operating costs by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $250M+15.2% | $217M-0.5% | $218M+2.8% | $212M+1.4% | $209M-7.5% | |
| Total Reportable Segments | $250M+15.2% | $217M-0.5% | $218M+2.8% | $212M+1.4% | $209M-7.5% | |
| Interest Expense by Business | ||||||
| Carbon Management | $3M— | —— | $3M+50.0% | $2M-33.3% | $3M— | |
| Oil and Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Total Reportable Segments | $3M— | —— | $3M+50.0% | $2M-33.3% | $3M— | |
| Equity loss from unconsolidated subsidiaries by Business | ||||||
| Carbon Management | -$1M+50.0% | -$2M0.0% | -$2M-100% | -$1M0.0% | -$1M+50.0% | |
| Oil and Natural Gas | $0— | $0— | $0— | $0— | $0— | |
| Total Reportable Segments | -$1M+50.0% | -$2M0.0% | -$2M-100% | -$1M0.0% | -$1M+50.0% | |
| Loss on early extinguishment of debt by Business | ||||||
| Carbon Management | $0— | —— | —— | —— | $0— | |
| Oil and Natural Gas | $0— | —— | —— | —— | $0— | |
| Total Reportable Segments | $0— | —— | —— | —— | $0— | |
| General and administrative expenses by Business | ||||||
| Carbon Management | $3M0.0% | $3M-25.0% | $4M+33.3% | $3M0.0% | $3M-40.0% | |
| Oil and Natural Gas | $23M+76.9% | $13M+44.4% | $9M0.0% | $9M-25.0% | $12M+33.3% | |
| Total Reportable Segments | $26M+62.5% | $16M+23.1% | $13M+8.3% | $12M-20.0% | $15M+7.1% | |
| Derivative, Gain (Loss) On Natural Gas Purchase Derivatives by Business | ||||||
| Carbon Management | $0— | —— | —— | —— | $0— | |
| Oil and Natural Gas | $0— | —— | —— | —— | $0— | |
| Total Reportable Segments | $0— | —— | —— | —— | $0— | |
| Energy operating costs by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $117M+4.5% | $112M+15.5% | $97M+14.1% | $85M-23.4% | $111M+12.1% | |
| Total Reportable Segments | $117M+4.5% | $112M+15.5% | $97M+14.1% | $85M-23.4% | $111M+12.1% | |
| Gas processing costs by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $5M+25.0% | $4M-33.3% | $6M+20.0% | $5M+25.0% | $4M0.0% | |
| Total Reportable Segments | $5M+25.0% | $4M-33.3% | $6M+20.0% | $5M+25.0% | $4M0.0% | |
| Capital investments by Business | ||||||
| Carbon Management | $12M+9.1% | $11M-26.7% | $15M+200% | $5M+150% | $2M-66.7% | |
| Oil and Natural Gas | $116M+4.5% | $111M+54.2% | $72M+41.2% | $51M+2.0% | $50M-35.9% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Natural gas liquids | $42M+7.7% | $39M+8.3% | $36M-7.7% | $39M-22.0% | $50M+4.2% | |
| Natural gas | $29M+11.5% | $26M0.0% | $26M+36.8% | $19M-32.1% | $28M0.0% | |
| Oil | $834M+35.8% | $614M-6.0% | $653M+1.4% | $644M-12.5% | $736M-1.9% | |
| Other revenue by Product | ||||||
| Revenue from marketing of purchased commodities | $41M-31.7% | $60M+3.4% | $58M+3.6% | $56M-12.5% | $64M+8.5% | |
| Sale Of Electricity | $11M-78.8% | $52M-48.5% | $101M+74.1% | $58M+164% | $22M-43.6% | |
| Costs of sales by Product | ||||||
| Electricity generation expenses | $5M-58.3% | $12M+9.1% | $11M+120% | $5M-50.0% | $10M+11.1% | |
| Revenue from marketing of purchased commodities | $23M-51.1% | $47M+6.8% | $44M+7.3% | $41M-18.0% | $50M-5.7% | |
| Transportation costs | $26M+30.0% | $20M+5.3% | $19M-5.0% | $20M0.0% | $20M-4.8% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does California Resources break its business down?
- California Resources (CRC) reports segment profit or (loss) by business across 3 parts — Carbon Management, Oil and Natural Gas and Total Reportable Segments. Each is extracted from the segment footnotes and tracked over time.
- Where does California Resources's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in California Resources's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.