California Resources (CRC) executive compensation, 2026 proxy

Francisco J. Leon, President and Chief Executive Officer, was paid $12.1M in 2025, up 51% from $8M the year before. The CEO-to-median-employee pay ratio was 58:1, on median employee pay of $206,474.

Filed
March 18, 2026
Pay year
2025
Named executives
5
CEO total pay
$12.1M+51% vs prior year
CEO to median employee
58:1median $206,474
CEO pay in equity
75%$9.1M in awards
Prior say-on-pay support
99%of votes cast
Free Cash Flow
$543MRecord free cash flow for 2025
Shareholder Returns
$513MReturned via dividends and repurchases
Synergies
$80-90MTargeted annual synergies from Berry merger
Say-on-Pay Support
99%Prior year advisory vote approval

How Leon was paid

$12.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Bonus3%Stock awards75%Non-equity incentive12%Pension and deferred comp0%All other compensation2%

Named executive officers

ExecutiveTotal
Francisco J. LeonPresident and Chief Executive Officer$12,076,766
Clio CrespyExecutive Vice President and Chief Financial Officer$7,217,640
Chris D. GouldExecutive Vice President and Chief Sustainability Officer$4,966,994
Omar HayatExecutive Vice President and Chief Operating Officer$5,482,082
Michael L. PrestonExecutive Vice President, Chief Strategy Officer and General Counsel$6,326,607

What changed and why

  • $12.1MCEO total compensation increased to $12,076,766 in 2025 from $7,985,931 in 2024.
  • $9.1MStock awards for the CEO totaled $9,070,699 in 2025.
  • $543MFree cash flow reached a record $543 million in 2025.
  • $513MThe company returned $513 million to shareholders through dividends and share repurchases in 2025.
  • 99%Stockholder advisory vote support for the 2024 executive compensation program exceeded 99%.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.