California Resources (CRC) Proxy Filing summary

Voting matters and shareholder proposals

• Election of nine directors is proposed, with all nominees recommended by the board for approval.

• Ratification of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026 is up for vote.

• Advisory, non-binding vote on named executive officer compensation is included as a proposal.

Board of directors and corporate governance

• Nine director nominees are listed for election at the annual meeting, reflecting the current board slate.

Executive compensation and say-on-pay

• Shareholders are asked to approve, on a non-binding basis, the compensation of named executive officers.