Item 7.01 Regulation FD Disclosure. OnMarch 27, 2020 ,California Resources Corporation ("CRC") issued a press release regarding media speculation. A copy of the press release is filed herewith as Exhibit 99.1. Statements contained in Item 7.01 of this report and Exhibit 99.1 hereto that state CRC's or its management's expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act and the Exchange Act. It is important to note that the actual results of CRC could differ materially from those projected in such forward-looking statements. Factors that could affect the results include those mentioned in the documents that the Company has filed with theSecurities and Exchange Commission (the "SEC"). CRC undertakes no duty or obligation to publicly update or revise the information contained in Item 7.01 of this report and Exhibit 99.1 hereto, although CRC may do so from time to time in management's discretion. Any such updating may be made through the filing of other reports or documents with theSEC , through press releases or through other public disclosure including disclosure in the Investor Relations portion of CRC's website. Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release datedMarch 27, 2020 . Cover Page Interactive Data File (embedded within the Inline 104 XBRL document)
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