California Resources Executive Compensation (FY25)
CRC · Executive and director compensation, fiscal 2023 to 2025
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Data as of September 27, 2026Latest filing (8-K): May 5, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
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209 figures on this page: 199 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Francisco Leon: $7,985,931 → $12,076,766 (51.2% higher)
Say-on-pay support: 99.6% → 84.8% (14.8 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is California Resources' chief executive and what were they paid?
Francisco Leon was paid $12,076,766 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $7,985,931 reported for fiscal 2024, Leon's total was 51.2% higher.
What was California Resources' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 84.8% of votes cast for or against in favor at the meeting held April 30, 2026.
Which companies are in California Resources' peer group?
Companies named in the disclosed peer group include Antero Resources Corporation, APA Corporation, Chesapeake Energy Corporation, Chord Energy Corporation and Coterra Energy Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Francisco Leon President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Michael Preston Executive Vice President, Chief Strategy Officer and General Counsel | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Chris Gould Executive Vice President and Chief Sustainability Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Francisco Leon President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Michael Preston Executive Vice President, Chief Strategy Officer and General Counsel | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Chris Gould Executive Vice President and Chief Sustainability Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Francisco Leon President and Chief Executive Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Clio Crespy Executive Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Preston Executive Vice President, Chief Strategy Officer and General Counsel | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Omar Hayat Executive Vice President and Chief Operating Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Chris Gould Executive Vice President and Chief Sustainability Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Omar Hayat | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Michael Preston | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Chris Gould | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Francisco Leon | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Clio Crespy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Tiffany (TJ) Thom Cepak Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark A. (Mac) McFarland | ◇ | ◇ | — | — | — | ◇ | ◇ |
William B. Roby | ◇ | ◇ | — | — | — | ◇ | ◇ |
James N. Chapman | ◇ | ◇ | — | — | — | ◇ | ◇ |
Andrew B. Bremner | ◇ | ◇ | — | — | — | — | ◇ |
Christian S. Kendall | ◇ | ◇ | — | — | — | — | ◇ |
Alejandra (Ale) Veltmann | ◇ | ◇ | — | — | — | — | ◇ |
James R. Jackson | ◇ | ◇ | — | — | — | — | ◇ |
Bobby Saadati | ◇ | ◇ | — | — | — | — | ◇ |
Francisco J. Leon served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Antero Resources Corporation AR
- APA Corporation APA
- Chesapeake Energy Corporation symbol not shown
- Chord Energy Corporation CHRD
- Coterra Energy Inc. CTRA
- Diamondback Energy, Inc. FANG
- EQT Corporation EQT
- Marathon Oil Corporation MRO
- Matador Resources Company MTDR
- Murphy Oil Corporation MUR
- Ovintiv Inc. OVV
- Permian Resources Corporation PR
- Range Resources Corporation RRC
- Southwestern Energy Company SWN
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 30, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 2, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 3, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 28, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 4, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 12, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 6, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 8, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 9, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 10, 2017 | = | ◇ | ◇ | ◇ |
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What this page does not include
Everything above is a fact California Resources disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where California Resources sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
209 figures on this page: 199 cited to the filing that reported them, 10 calculated from figures it prints.
199 cited to the filing
10 calculated from the filing
Documents cited
- 0001609253-26-000102Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-26-114093Director Compensation · Outstanding Equity Awards at December 31, 2025 · Summary Compensation Table
- 0001609253-25-000034Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-24-000059Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-23-000034Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-22-000036Item 5.07 Submission of Matters to a Vote of Security Holders.
- 0001609253-21-000071Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-20-000096Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-19-000070Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-18-000082Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001609253-17-000081Item 5.07 . Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “California Resources executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CRC (accessed 2026).
Short form: data: Velarion
The California Resources brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers California Resources discloses
The companies named in CRC's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}