California Resources Corporation (CRC) Income Tax Expense
The tax expense for California Resources Corporation (CRC) is $139.00 Million with a year-over-year change of -0.71%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
CRC Tax Expense Chart
Current Tax Expense
$139.00M
$139.00 Million
Year-over-Year Change
-0.71%
vs. $140.00M prior year
Historical Data
15
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $139.00M | $-1.00M | -0.71% |
| 2024 | $140.00M | $-44.00M | -23.91% |
| 2023 | $184.00M | $-53.00M | -22.36% |
| 2022 | $237.00M | +$633.00M | +159.85% |
| 2021 | $-396.00M | $-396.00M | — |
| 2020 | $0 | $-1.00M | -100.00% |
| 2019 | $1.00M | $-100.00M | -99.01% |
| 2018 | $101.00M | $-239.00M | -70.29% |
| 2017 | $340.00M | +$418.00M | +535.90% |
| 2016 | $-78.00M | +$1.84B | +95.94% |
| 2015 | $-1.92B | $-935.00M | -94.73% |
| 2014 | $-987.00M | $-1.56B | -270.76% |
| 2013 | $578.00M | +$96.00M | +19.92% |
| 2012 | $482.00M | $-188.00M | -28.06% |
| 2011 | $670.00M | — | — |
About California Resources Corporation
California Resources Corporation functions as an independent enterprise primarily engaged in oil and natural gas ventures. Its operations encompass the full spectrum from exploration and extraction of crude oil, natural gas, and natural gas liquids, through their collection and processing, to their ultimate marketing. These energy products are supplied to various clients, including energy marketers, refineries located in California, and other purchasers who possess the necessary transport and storage infrastructure. As of December 31, 2021, the company held rights to approximately 1.9 million net mineral acres, with its proven reserves estimated at 480 million barrels of oil equivalent (BOE). Additionally, the firm also produces and supplies electricity to both the local utility and the broader power grid. Established in 2014, the corporation is headquartered in Santa Clarita, California.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Francisco J. Leon