UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________
FORM SD
SPECIALIZED DISCLOSURE REPORT
_____________________
California Resources Corporation
(Exact Name of Registrant as Specified in its Charter)
Delaware001-36478
46-5670947
(State or Other Jurisdiction of
Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
1 World Trade Center, Suite 1500
Long Beach, California
90831
(Address of Principal Executive Offices)(Zip Code)

Michael L. Preston
Executive Vice President, Chief Strategy Officer and General Counsel
(888) 848-4754
(Name and telephone number, including area code, of the person to contact in connection with this report.)
_____________________
Check the appropriate box to indicate the rule pursuant to which this Form is being submitted, and provide the period to which the information in this Form applies:
☐    Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from: January 1 to December 31, 2023.
☑    Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31,
2023.









Section 2 — Resource Extraction Issuer Disclosure
Item 2.01    Resource Extraction Issuer Disclosure and Report
Disclosure of Payments by Resource Extraction Issuers
California Resources Corporation (the “Company”) is reporting payments made by the Company, its subsidiaries and entities under the Company’s control to the United States Federal Government related to the commercial development of oil, natural gas or minerals during the fiscal year ended December 31, 2023. No such payments were made to any foreign government during the period covered by this report. The specified payment disclosure required by this Form SD is included in Exhibit 2.01 to this Form SD.

Section 3 – Exhibits

Item 3.01    Exhibits

The following exhibit is furnished as part of this report.

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.
California Resources Corporation
/s/ Michael L. PrestonSeptember 20, 2024
Name:Michael L. Preston
(Date)
Title:
Executive Vice President, Chief Strategy Officer and General Counsel






Exhibit 2.01

Resources Extraction Payment Report

During the fiscal year ended December 31, 2023, California Resources Corporation (the “Company”) made payments to the United States Federal Government for royalties, permitting fees, surface rental fees, and income taxes related to the commercial development of its oil, natural gas, and natural gas liquids (“NGLs”) in California. No payments were made to foreign governments. All payments were made by the Company’s exploration and production (“E&P”) segment and were paid in U.S. dollars. The table below summarizes the payments made by the Company in accordance with Rule 13q-1 of the Securities Exchange Act.

Payment Type
Payment Amount
(in thousands)
ProjectResourceMethod of Extraction
Royalties$17,683 
Onshore California
Oil, Natural Gas, and NGLs
Well
Fees
$107 
Onshore California
OilWell
U.S. Federal Income Taxes
$120,000 
(1)
N/AN/A
(1)The U.S. federal government levies income taxes at the California Resources Corporation level rather than on a per project basis. Income tax payment information in the table above is presented at the California Resources Corporation level.

v3.24.3
Document Information
 12 Months Ended
Dec. 31, 2023
Document Information:  
Document Type 2.01 SD
Amendment false
CIK 0001609253
Registrant Name California Resources Corp
Period End Date Dec. 31, 2023
Reporting Currency USD
v3.24.3
Payments, by Category - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total $ 120,000 $ 17,683 $ 107
v3.24.3
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total $ 120,000 $ 17,683 $ 107
Onshore California [Member]      
Total   $ 17,683 $ 107
v3.24.3
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Taxes
Royalties
Fees
Total $ 120,000 $ 17,683 $ 107
UNITED STATES | U.S. Federal Government [Member]      
Total $ 120,000 $ 17,683 $ 107
v3.24.3
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
$ in Thousands
Amount
Type
Country
Govt.
Project
Resource
Segment
Ext. Method
#: 1                
$ 17,683 Royalties UNITED STATES U.S. Federal Government [Member] Onshore California [Member] Oil, Natural Gas, And NGLs [Member] Exploration And Production Segment [Member] Well
#: 2                
107 Fees UNITED STATES U.S. Federal Government [Member] Onshore California [Member] Oil [Member] Exploration And Production Segment [Member] Well
#: 3                
$ 120,000 Taxes UNITED STATES U.S. Federal Government [Member]     Exploration And Production Segment [Member]  
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