California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces and markets crude oil, natural gas, and natural gas liquids. The company holds interests in approximately 2.3 million net acres of mineral acreage. As of December 31, 2016, it had net proved reserves of 568 million barrels of oil equivalent. The company also gathers, processes, and markets oil and gas products to marketers, California refineries, and other purchasers that have access to transportation and storage facilities. In addition, it generates and sells electricity to the grid and other customers. California Resources Corporation is headquartered in Los Angeles, California.