Item 7.01 Regulation FD Disclosure.

On March 18, 2021, California Resources Corporation (the "Company") posted an investor presentation on its website at www.crc.com. The Company expects to use the investor presentation, in whole or in part, and possibly with modifications, in connection with its previously announced Strategy Day to be held on the date of this filing. A copy of the investor presentation is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

The information furnished in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.



(d)  Exhibits
     Exhibit No.                                            Description
         99.1                  Investor Presentation.
         104                 Cover Page Interactive Data File (embedded within the Inline XBRL
                             document).

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