California Resources CRC Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Segment profit or (loss) by Business | ||||||
| Carbon Management | -$12M+52.0% | -$20M+35.5% | -$21M+16.0% | -$20M+16.7% | -$25M-78.6% | |
| Oil and Natural Gas | $282M+6.0% | $46M-82.8% | $182M-38.9% | $194M+65.8% | $266M+102% | |
| Total Reportable Segments | $270M+12.0% | $26M-89.0% | $161M-41.0% | $174M+87.1% | $241M+104% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $920M+10.8% | $695M-17.1% | $728M-17.3% | $714M+70.8% | $830M+90.4% | |
| Total Reportable Segments | $920M+10.8% | $695M-17.1% | $728M-17.3% | $714M+70.8% | $830M+90.4% | |
| 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+250% | —— | —— | —— | $2M— | |
| Total Reportable Segments | -$786M-902% | —— | —— | —— | $98M— | |
| Taxes other than on income by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $60M+1.7% | $46M-34.3% | $57M-20.8% | $41M+24.2% | $59M+84.4% | |
| Total Reportable Segments | $60M+1.7% | $46M-34.3% | $57M-20.8% | $41M+24.2% | $59M+84.4% | |
| Depreciation, depletion and amortization by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $128M+1.6% | $127M-1.6% | $118M-8.5% | $121M+157% | $126M+157% | |
| Total Reportable Segments | $128M+1.6% | $127M-1.6% | $118M-8.5% | $121M+157% | $126M+157% | |
| Other segment expenses by Business | ||||||
| Carbon Management | $5M-72.2% | $12M-42.9% | $12M-14.3% | $14M-6.7% | $18M+125% | |
| Oil and Natural Gas | $55M+27.9% | $130M+294% | $41M-16.3% | $47M-11.3% | $43M+22.9% | |
| Total Reportable Segments | $60M-1.6% | $142M+163% | $53M-15.9% | $61M-10.3% | $61M+41.9% | |
| Non-energy operating costs by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $250M+19.6% | $217M-4.0% | $218M+1.9% | $212M+89.3% | $209M+75.6% | |
| Total Reportable Segments | $250M+19.6% | $217M-4.0% | $218M+1.9% | $212M+89.3% | $209M+75.6% | |
| Interest Expense by Business | ||||||
| Carbon Management | $3M0.0% | —— | $3M0.0% | $2M0.0% | $3M+200% | |
| Oil and Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Total Reportable Segments | $3M0.0% | —— | $3M0.0% | $2M0.0% | $3M+200% | |
| Equity loss from unconsolidated subsidiaries by Business | ||||||
| Carbon Management | -$1M0.0% | -$2M0.0% | -$2M+33.3% | -$1M+75.0% | -$1M+66.7% | |
| Oil and Natural Gas | $0— | $0— | $0— | $0— | $0— | |
| Total Reportable Segments | -$1M0.0% | -$2M0.0% | -$2M+33.3% | -$1M+75.0% | -$1M+66.7% | |
| 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-40.0% | $4M-20.0% | $3M0.0% | $3M+50.0% | |
| Oil and Natural Gas | $23M+91.7% | $13M+44.4% | $9M-43.8% | $9M0.0% | $12M+33.3% | |
| Total Reportable Segments | $26M+73.3% | $16M+14.3% | $13M-38.1% | $12M0.0% | $15M+36.4% | |
| 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+5.4% | $112M+13.1% | $97M0.0% | $85M+93.2% | $111M+98.2% | |
| Total Reportable Segments | $117M+5.4% | $112M+13.1% | $97M0.0% | $85M+93.2% | $111M+98.2% | |
| Gas processing costs by Business | ||||||
| Carbon Management | $0— | $0— | $0— | $0— | $0— | |
| Oil and Natural Gas | $5M+25.0% | $4M0.0% | $6M+20.0% | $5M+66.7% | $4M0.0% | |
| Total Reportable Segments | $5M+25.0% | $4M0.0% | $6M+20.0% | $5M+66.7% | $4M0.0% | |
| Capital investments by Business | ||||||
| Carbon Management | $12M+500% | $11M+83.3% | $15M+275% | $5M+350% | $2M-50.0% | |
| Oil and Natural Gas | $116M+132% | $111M+42.3% | $72M-2.7% | $51M+10.9% | $50M+38.9% | |
| Revenue from Contract with Customer, Excluding Assessed Tax by Product | ||||||
| Natural gas liquids | $42M-16.0% | $39M-18.8% | $36M-18.2% | $39M-13.3% | $50M+2.0% | |
| Natural gas | $29M+3.6% | $26M-7.1% | $26M+18.2% | $19M+35.7% | $28M-12.5% | |
| Oil | $834M+13.3% | $614M-18.1% | $653M-18.8% | $644M+82.4% | $736M+111% | |
| Other revenue by Product | ||||||
| Revenue from marketing of purchased commodities | $41M-35.9% | $60M+1.7% | $58M+13.7% | $56M+9.8% | $64M-13.5% | |
| Sale Of Electricity | $11M-50.0% | $52M+33.3% | $101M+46.4% | $58M+61.1% | $22M+46.7% | |
| Costs of sales by Product | ||||||
| Electricity generation expenses | $5M-50.0% | $12M+33.3% | $11M+22.2% | $5M-64.3% | $10M+25.0% | |
| Revenue from marketing of purchased commodities | $23M-54.0% | $47M-11.3% | $44M+2.3% | $41M-4.7% | $50M-7.4% | |
| Transportation costs | $26M+30.0% | $20M-4.8% | $19M-17.4% | $20M+17.6% | $20M0.0% |
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.
