| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 40 | 132 | 196 | 72 |
| Assets held for sale | NaN | 0 | 7 | 8 |
| Trade receivables | 454 | 333 | 286 | 297 |
| Inventory | 107 | 106 | 94 | 93 |
| Receivable from affiliate | 7 | 14 | 26 | 31 |
| Other current assets, net | 180 | 353 | 203 | 227 |
| Investments in consolidated subsidiaries | NaN | NaN | NaN | 0 |
| Total current assets | 788 | 938 | 812 | 728 |
| Property, plant and equipment | 7,657 | 7,523 | 6,966 | 6,874 |
| Accumulated depreciation, depletion and amortization | 1,753 | 1,618 | 1,436 | 1,314 |
| Total property, plant and equipment, net | 5,904 | 5,905 | 5,530 | 5,560 |
| Investment in unconsolidated subsidiaries | 102 | 111 | 102 | 93 |
| Deferred tax assets | 81 | 76 | 27 | 33 |
| Other noncurrent assets | 274 | 373 | 280 | 298 |
| Total assets | 7,149 | 7,403 | 6,751 | 6,712 |
| Current portion of long-term debt | NaN | NaN | 122 | 122 |
| Accounts payable | 472 | 452 | 316 | 329 |
| Fair value of commodity derivative contracts | 421 | NaN | NaN | NaN |
| Accrued liabilities | 548 | 598 | 479 | 477 |
| Total current liabilities | 1,441 | 1,050 | 917 | 928 |
| Principal amount | NaN | 1,300 | NaN | NaN |
| Unamortized debt discount and issuance costs | NaN | 19 | NaN | NaN |
| Unamortized premium | NaN | 2 | NaN | NaN |
| Long-term debt, net | 1,310 | 1,283 | 889 | 888 |
| Fair value of derivative contracts | 169 | NaN | NaN | NaN |
| Asset retirement obligations | 906 | 913 | 965 | 969 |
| Deferred tax liabilities | 108 | 154 | 212 | 185 |
| Other long-term liabilities | 297 | 329 | 325 | 335 |
| Amounts due to (from) affiliates | NaN | NaN | NaN | 0 |
| Common stock (200,000,000 shares authorized at 0.01 par value) (110,905,146 and 110,645,691 shares issued 88,794,901 and 88,754,165 shares outstanding at march31, 2026 and december31, 2025) | 1 | 1 | 1 | 1 |
| Treasury stock (22,110,245 shares held at cost at march31, 2026 and 21,891,526 shares held at cost at december31, 2025) | 954 | 944 | 922 | 922 |
| Additional paid-in capital | 2,626 | 2,625 | 2,365 | 2,359 |
| Retained earnings | 1,159 | 1,905 | 1,927 | 1,897 |
| Accumulated other comprehensive income | 86 | 87 | 72 | 72 |
| Total stockholders' equity | 2,918 | 3,674 | 3,443 | 3,407 |
| Total liabilities and stockholders' equity | 7,149 | 7,403 | 6,751 | 6,712 |
California Resources Corp (CRC)
California Resources Corp (CRC)