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California Resources Corporation Announces Quarterly Dividend

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California Resources Corporation (NYSE:CRC) today announced that its Board of Directors has approved its first quarterly dividend of 1 cent per share, payable April 15, 2015 to stockholders of record at the close of business on March 10, 2015. The current annualized rate would be $0.04 per share.

About California Resources Corporation

California Resources Corporation is an independent oil and natural gas exploration and production company and the largest combined oil and natural gas producer in California on a gross-operated basis. The Company operates its world class resource base exclusively within the State of California. Using advanced technology, California Resources Corporation focuses on safely and responsibly supplying affordable energy for California by Californians.

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