Terms of Use

IMPORTANT – PLEASE READ

Throughout this website, California Resources Corporation (CRC) refers to one or more of California Resources Corporation, a Delaware corporation, its subsidiaries and affiliates. Nothing on this website and related sites maintained by CRC (the Site) is intended to conflict with the corporate separateness of these legal entities and collective references are for simplicity only. CRC maintains the Site for the use of its customers, vendors and other Site users (Users) upon agreement to the following terms and conditions (the Terms). Please read the Terms carefully before using the Site. Use of the Site indicates acceptance of the Terms and forms a binding agreement between you and CRC. If you do not agree to the Terms, do not use the Site.

Use of the Site

California Resources Corporation authorizes you to view and download the materials on the Site strictly for your personal, non-commercial use. Materials may be downloaded or printed for such use provided that you retain all copyright and other proprietary notices contained in the original materials or any copies of the materials. You may not modify the materials at the Site in any way or reproduce or publicly display, perform or distribute or otherwise use them for any public or commercial purpose. You may not use the Site or its contents in a false, misleading, derogatory or otherwise offensive manner. Any use of the Site materials on any other website or networked computer environment for any purpose is prohibited. Furthermore, you may not link to the Site without CRC’s express written permission. Any personally identifiable information provided by you is subject to CRC’s Privacy Agreement. A link to this agreement is found on the bottom of each page of the Site. Any breach of these Terms automatically terminates your authorization to use the Site and the information on the Site.

Trademark and Copyright

CRC, and certain other brands, trademarks, and service marks are marks of California Resources Corporation and its affiliates. The materials on the Site are copyrighted, and any unauthorized use of any materials on the Site may violate copyright, trademark and other laws.

Unsolicited Material

CRC does not accept or consider unsolicited ideas, including ideas for new technologies or processes, through the Site. This policy is to avoid potential misunderstandings or disputes regarding ownership of ideas. Do not transmit any material through the Site that you consider confidential or proprietary. Any material that you transmit through the Site will be considered not to be confidential or proprietary.

Hyperlinks

For your convenience, the Site contains links to other websites, including some administered by CRC or by other companies on behalf of CRC, as well as to third party and business partner websites not administered by CRC. CRC has not reviewed, and does not monitor, the websites that it does not administer; does not otherwise control them; and is not responsible for their content. Also, CRC’s Privacy Statement does not apply to, and CRC is not responsible for the privacy practices of, any such website. If you decide to access any of these websites, you do so entirely at your own risk. Please check each page you visit to determine whether it is a CRC-administered website.

Investor Relations and Forward-looking Statements

Information on the Site may contain forward-looking statements and involve risks and uncertainties that could materially affect expected results of operations, liquidity, cash flows and business prospects. Factors that could cause results to differ materially include, but are not limited to: global commodity pricing fluctuations; supply and demand considerations for CRC’s products; any general economic recession or slowdown domestically or internationally; exploration risks such as drilling unsuccessful wells; higher-than-expected costs; potential liability for remedial actions under existing or future environmental regulations and litigation; potential liability resulting from pending or future litigation; general domestic and international political conditions; potential disruption or interruption of CRC’s production or manufacturing or damage to facilities due to accidents, labor unrest, weather, natural disasters or political events; potential failure to achieve expected production from existing and future oil and gas development projects; changes in law or regulations; changes in tax rates; and not successfully completing, or any material delay of, any development of new fields, expansion, capital expenditure, efficiency-improvement project, acquisition or disposition. Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect” or similar expressions that convey the uncertainty of future events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the dates, if any, indicated. Unless legally required, CRC does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.

The United States Securities and Exchange Commission (the “SEC”) permits oil and gas companies, in their filings with the SEC, to disclose only reserves anticipated to be economically producible, as of a given date, by application of development projects to known accumulations. We use certain terms in this website, such as estimated reserves, recoverable reserves and oil in place, that the SEC’s guidelines strictly prohibit us from using in filings with the SEC. Nothing on the Site constitutes investment advice. Past performance is not a guarantee of future results. A security rating is not a recommendation to buy, sell or hold securities, may be subject to revision or withdrawal at any time by the assigning rating organization and should be evaluated independently of any other rating. The materials and data available on the Site are provided for your convenience only. U.S. investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, available from us through this website and at the address specified on this website. You can also obtain a copy from the SEC by calling 1-800-SEC-0330.

Stock Price Information

Any stock price information presented on the Site should not be relied on for investment purposes. CRC does not guarantee the accuracy, completeness or timeliness of this information and is not liable for any loss or damages that may arise from reliance on the stock price information.

Export

CRC makes no representation or warranty that materials at the Site are appropriate for use outside the United States, and access to them from locations where their contents are illegal is prohibited. You may not use or export or re-export the materials at, or available through, this Site or any copy or adaptation in violation of applicable laws or regulations including, without limitation, United States export laws and regulations. If you choose to access the Site from outside the United States, you do so on your own initiative and are responsible for compliance with all applicable laws and regulations.

No Warranty

The materials provided at the Site are provided “as is” without any warranties of any kind including warranties of merchantability, fitness for a particular purpose, or non-infringement of intellectual property. CRC further does not warrant the accuracy and completeness of the materials at the Site. CRC does not warrant that the functions contained in the Site will be uninterrupted or error-free, that defects will be corrected or that the Site, or the server that makes it available, are free from viruses or other harmful components. CRC may make changes to the materials at the Site, or to the products and prices described in them, at any time without notice. The materials at the Site may be out of date, and CRC makes no commitment to update the materials at the Site. Current information about CRC may be found at www.sec.gov, where annual reports, quarterly and current reports, proxy statements and other information filed by CRC with the Securities and Exchange Commission are accessible. Applicable law may restrict the exclusion of certain implied warranties in certain circumstances, and, in those circumstances, the above exclusion of warranties applies to the maximum extent allowed under applicable law.

Limitation of Liability

In no event will CRC, its suppliers or other third parties mentioned at the Site be liable for any damages whatsoever (including, without limitation, those resulting from lost profits, lost data, the cost of procurement of substitute goods or services, or business interruption) arising out of the use, inability to use, or the results of the use of the Site, any websites linked to the Site, or the materials or information contained at any or all such sites, whether based on warranty, contract, tort or any other legal theory and whether or not advised of the possibility of such damages. If your use of the materials or information from the Site results in the need for servicing, repair or correction of equipment or data, you assume all costs thereof. Applicable law may not restrict the exclusion or limitation of incidental or consequential damages in certain circumstances, and, in those circumstances, the above exclusion or limitation applies to the maximum extent allowed under applicable law.

Applicable Law

The Terms are governed by the laws of the State of California, without giving effect to any principles of conflicts of laws. By accessing or using the Site you waive any and all rights that are different from, or conflict with, those protected by such law, to the extent you may lawfully do so.

Venue

By accessing or using the Site, you agree that any suit or hearing regarding this website shall be heard in the United States District Court for the Central District of California, Los Angeles Division, where federal jurisdiction exists. In all other cases involving a dispute regarding the Site, you agree to the jurisdiction of the Superior Court for the County of Los Angeles, California.

Personal Jurisdiction

By accessing or using the Site, you also consent to the exercise of personal jurisdiction in the courts of the State of California regarding any dispute that arises from the Site.

Waiver

Failure to enforce strict performance of the Terms shall not be construed as a waiver of any provision or right. CRC may assign its rights and duties under the Terms without notice to any party at any time.

Effective Date and Updates

The Terms are effective as of October 31, 2014, and are subject to change without notice by CRC at any time. Please check for changes regularly. Your use of the Site after such changes constitutes your agreement to such changes.