OPERATIONS CRC’s operations produced 140,000 barrels of oil equivalent per day in 2016. CRC is the largest oil and natural gas producer in California on a gross-operated basis. CRC is the largest private net mineral acreage holder in California with about 2.3 million net acres equal to the combined areas of California’s 66 most populated cities, including Los Angeles, San Diego, San Jose and Bakersfield. CRC’s facilities in Long Beach have generated more than $4.6 billion in revenue since 2003 for the city, state and port based on the government share of ownership in these operations and from fees and taxes. Our operational control of approximately 135 fields in California provides us flexibility in the timing and scope of development to deploy our assets in response to market conditions. CRC has operations at the Elk Hills Field in Kern County, the Wilmington Field in Long Beach and fields in the Los Angeles, San Joaquin, Ventura and Sacramento basins. From 2014 through 2016, our California workforce achieved their three best annual combined safety performance ratings in the decades-long history of our operations. PRODUCTION 2017 CALIFORNIA RESOURCES CORPORATION SNAPSHOT NO. 1 PRODUCER LEADER IN SAFETY OPERATIONAL CONTROL CRC OPERATIONS 2.3 Million Net Acres $4.6 Billion =100,000 net acres =$100 million 1.9 Million Homes $700 Million =100,000 homes CRC’s 2016 natural gas production in California could supply all the homes in the cities of Bakersfield, Ventura and Long Beach for nearly six years. CRC paid approximately $700 million in California state and local taxes for 2014 through 2016. =10,000 BOE 140,000 BOE per day California Resources Corporation (CRC) is the largest oil and natural gas producer in California on a gross-operated basis. We are proud to: Provide affordable, secure and reliable energy for Californians 1. Provide diverse jobs that for many are a path to the middle class 2. Adhere to the state’s stringent safety and environmental standards 3. Serve as an active and supportive community partner through impactful donations and volunteerism 4. $ $ $ $ $ $ $ $ =$100 million 6 years