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Published by: USC-Marshall/Lloyd Greif Center for Entrepreneurial Studies
Originally published in: 2018
Version: July 15, 2018

Abstract

California Resources Corporation (CRC), a leading oil and natural gas producer in California, spun-off from Occidental Petroleum (Oxy), just as the bottom fell out of the oil market. Three years after surviving the launch, there's a growing sense that CRC needs to establish its unique culture, yet 90% of employees have Oxy roots. This case looks at the challenges of identifying culture, perceptions of its impact, and strategizing how to change it.
Industries:
Size:
USD2 billion in copany revenues 2017
Other setting(s):
2018

About

Abstract

California Resources Corporation (CRC), a leading oil and natural gas producer in California, spun-off from Occidental Petroleum (Oxy), just as the bottom fell out of the oil market. Three years after surviving the launch, there's a growing sense that CRC needs to establish its unique culture, yet 90% of employees have Oxy roots. This case looks at the challenges of identifying culture, perceptions of its impact, and strategizing how to change it.

Settings

Industries:
Size:
USD2 billion in copany revenues 2017
Other setting(s):
2018

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