CALIFORNIA RESOURCES CORP (CRC)
Sector: Energy
Sector: Energy
CALIFORNIA RESOURCES CORP - Executive Compensation
Executive Vice President and Chief Operating Officer
Executive Compensation
Omar Hayat serves as Executive Vice President and Chief Operating Officer at California Resources Corporation (CRC), a leading independent oil and natural gas company focused on California's energy resources. In this pivotal role, he oversees all upstream operations, including drilling, completions, production, and health, safety, and environmental (HSE) initiatives. Hayat drives operational excellence, cost efficiency, and strategic growth, playing a key role in CRC's transition toward lower-carbon energy solutions while maximizing value from its premier assets in the San Joaquin Basin and Los Angeles Basin. With over 25 years of experience in the energy sector, Hayat began his career as a petroleum engineer at Occidental Petroleum Corporation (Oxy), where he advanced through progressively senior roles in field operations, asset management, and technical services across the Permian Basin and California. Prior to joining CRC in 2021, he served as Vice President of Operations at Oxy, leading multidisciplinary teams to deliver record production levels, implement advanced drilling technologies, and achieve significant cost reductions amid volatile market conditions. His expertise in reservoir engineering and unconventional resource development has earned him recognition for optimizing mature fields and integrating digital tools for enhanced recovery. Under Hayat's leadership at CRC, the company has achieved notable milestones, including a 20% increase in production efficiency and substantial reductions in greenhouse gas emissions through innovative carbon capture and storage projects. A results-oriented leader committed to sustainability and innovation, Hayat continues to position CRC as a resilient operator in California's evolving energy landscape, fostering partnerships and workforce development to support long-term energy security.