California Resources Corporation is an independent company that specializes in the exploration and production of oil and natural gas in the United States. Apart from exploring and producing these resources, the corporation also markets crude oil, natural gas, and natural gas liquids to California refineries and other purchasers. These purchasers have access to transportation and storage facilities. Additionally, the company generates and sells electricity to local utilities and the electrical grid. Incorporated in 2014, the company currently operates out of its headquarters in Long Beach, California.