California Resources Corporation Amends Credit Agreement

On October 29, 2025, California Resources Corporation (the 'Company') entered into the Seventh Amendment to its Amended and Restated Credit Agreement. The amendment, effective as of the same date, includes the addition of new lenders and an increase in the aggregate elected commitment amount from $1.15 billion to $1.45 billion. The amendment also confirms the Borrowing Base at $1.5 billion, effective until the next adjustment. The Seventh Amendment was executed with Citibank, N.A., as administrative agent and collateral agent, and other lending institutions. The Company's Executive Vice President, Chief Strategy Officer, and General Counsel, Michael L. Preston, signed the report on October 31, 2025. The filing includes the full text of the Seventh Amendment as Exhibit 10.1.