California Resources Announces New Finance Chief, Controller Transition

California Resources Corp ( (CRC) ) has provided an announcement.

California Resources Corp. announced that Michael Helm has been appointed Vice President – Finance and Controller and will serve as principal accounting officer effective March 16, 2026, following his role as Vice President – Finance, Oil and Gas after the company’s December 2025 merger with Berry Corporation. Helm brings deep sector and company-specific experience, having previously served as Berry’s Chief Accounting Officer and Chief Financial Officer and earlier as CRC’s Corporate Controller, and will receive customary indemnification protections under Delaware law.

The company also reported that longtime Senior Vice President and Controller, Noelle Repetti, will retire effective March 16, 2026, after more than 11 years with the firm. CRC stated that her departure is not due to any disagreement over operations, financial reporting, internal controls or policies, signaling an orderly transition in its top accounting role and continuity in financial governance for investors and other stakeholders.

The most recent analyst rating on (CRC) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on California Resources Corp stock, see the CRC Stock Forecast page.

Spark’s Take on CRC Stock

According to Spark, TipRanks’ AI Analyst, CRC is a Outperform.

CRC’s score is driven primarily by improved financial resilience (notably stronger leverage metrics) and strong recent cash generation, complemented by bullish price momentum with the stock trading above key moving averages. Valuation is supportive with a low-teens P/E and a ~2.5% dividend yield. The main constraints on the score are profitability/margin compression and execution/regulatory risks highlighted in guidance (permitting and CCS approvals), with hedging limiting upside if oil prices rise.

To see Spark’s full report on CRC stock, click here.

More about California Resources Corp

California Resources Corp. is an energy company focused on oil and gas operations, with a history of corporate ties to Occidental Petroleum and a recent merger with Berry Corporation. Its leadership team includes executives with extensive experience in upstream energy finance and accounting, reflecting the company’s emphasis on disciplined financial management in the oil and gas sector.

Average Trading Volume: 932,003

Technical Sentiment Signal: Buy

Current Market Cap: $5.45B

For a thorough assessment of CRC stock, go to TipRanks’ Stock Analysis page.