FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Barnes Robert A. 		2. Issuer Name and Ticker or Trading Symbol

California Resources Corp [ CRC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EVP - Operations
(Last)          (First)          (Middle)

9200 OAKDALE AVENUE, SUITE 900 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/8/2017
(Street)

LOS ANGELES, CA 91311
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   7/8/2017     M    159   A (1) $0   (1) 2084.424   (2) I   By wife  
Common Stock   7/8/2017     D    79   D $7.35   2005.424   I   By wife  
Common Stock   7/8/2017     F    30   D $7.35   1975.424   I   By wife  
Common Stock                  72829   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Long-Term Incentive Award (Right to Buy)   $0.0   (1) 7/8/2017     M         159    7/8/2017   7/8/2017   Common Stock   159.0   $0   (1) 0   I   By wife  

Explanation of Responses:
(1)  Reflects the vesting of one-third of 477 (post-split) long-term incentive units granted to the Reporting Person's wife on July 9, 2014, which were converted in connection with the spin-off of California Resources Corporation (CRC) from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was the economic equivalent of one share of CRC's common stock. Half of the award was settled for shares of CRC's common stock and half was settled for cash.
(2)  Includes 250 shares acquired by the Reporting Person's wife under CRC's Employee Stock Purchase Plan on June 30, 2017.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Barnes Robert A.
9200 OAKDALE AVENUE
SUITE 900
LOS ANGELES, CA 91311

EVP - Operations

Signatures
/s/ Ulrik Damborg, Attorney-in-Fact for Robert A. Barnes 7/11/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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