CORRECTING and REPLACING California Resources Corporation to Participate in June 2018 Investor Conferences

In the third bullet point of the release dated May 30, 2018, the presentation time should read: 10:00 a.m. EDT.

The corrected release reads:

CALIFORNIA RESOURCES CORPORATION TO PARTICIPATE IN JUNE 2018 INVESTOR CONFERENCES

California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, announced that its executives will be participating in the following conferences:

• Mark Smith, CRC’s Senior Executive Vice President and Chief Financial Officer, will present a corporate overview at the Bank of America Merrill Lynch 2018 Energy Credit Conference in New York, New York on June 7, 2018 at 11:20 a.m. EDT.
• CRC executives will be participating in the Wells Fargo West Coast Energy Conference in San Francisco, California on June 12-13, 2018.
• Todd Stevens, CRC’s President and Chief Executive Officer, will present a corporate overview at the J.P. Morgan Energy Conference on June 19, 2018 in New York, New York at 10:00 a.m. EDT.

Presentations and certain webcast links for the conferences listed above will be available on the day of the event on the “Earnings and Presentations” page (select the “Investor Presentations” tab) in the Investor Relations section on www.crc.com.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) 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 complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy for California by Californians.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180530005364/en/

California Resources CorporationScott Espenshade (Investor Relations)[e-mail] Thompson (Media)[e-mail]