California Resources Corporation Announces Quarterly Dividend

LOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC) today announced that its Board of Directors has approved a quarterly dividend of 1 cent per share, payable October 15, 2015 to stockholders of record at the close of business on September 10, 2015. The current annualized rate would be $0.04 per share.

About California Resources Corporation

California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis. The Company operates its world class resource base exclusively within the State of California, applying integrated infrastructure to gather, process and market its production. Using advanced technology, California Resources Corporation focuses on safely and responsibly supplying affordable energy for California by Californians.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150805006181/en/

California Resources Corporation
Scott Espenshade (Investor Relations)
818-661-6010
[email protected]
or
Margita Thompson (Media)
818-661-6005
[email protected]

Source: California Resources Corporation

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