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      Some disclosures may include financial measures that are not in accordance with United States generally accepted accounting principles (GAAP). While management believes that these non-GAAP measures are useful for investors, they should not be used as a replacement for financial measures presented in accordance with GAAP. See the attached schedule for a discussion of each of these non-GAAP measures, including reconciliations to their most directly comparable GAAP measure.

      • Adjusted Net Income (Loss)
      • Adjusted EBITDAX and Adjusted EBITDAX per Boe
      • Adjusted EBITDAX Margin
      • Core Adjusted EBITDAX
      • Discretionary Cash Flow
      • Free Cash Flow
      • Production Costs per Boe, Excluding Effects of PSC-type Contracts
      • Adjusted General and Administrative Expenses

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      • PV-10 and Standardized Measure
      • Reserves Replacement Ratios
      • Finding and Development Costs
      • Recycle Ratio
      • Debt-Adjusted Shares

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      Scott Espenshade

      Senior Vice President - Investor Relations

      (818) 661-6010
      邮箱 Investor Relations

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      American Stock Transfer and Trust Company, LLC

      Shareholder 服务

      6201 15th Avenue
      Brooklyn, NY 11219
      (866) 659-2647
      crc@amstock.com
      www.amstock.com

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      California Resources Corporation

      Attn: Land Administration
      11109 River Run Blvd.
      Bakersfield, CA 93311
      (855) 272-5519
      Owner Relations Help Desk
      www.crcroyalty.com

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