
California Resources Corp. has named Clio C. Crespy as the company’s executive vice president and CFO, effective Jan. 1, 2025. (Source: Shutterstock, California Resources Corp.)
California Resources Corp. (CRC) has named Clio C. Crespy as the company’s executive vice president and CFO, effective Jan. 1, 2025, according to a Nov. 25 press release.
Crespy is succeeding current CFO Nelly Molina. She holds a background in investment banking in energy, power, carbon management and sustainability sectors.
Crespy has worked on some of CRC’s “most significant” projects including the Carbon TerraVault joint venture and the direct air capture hub at Elk Hills, said Francisco Leon, CEO of California Resources.
She most recently served as senior managing director of investment banking for global energy & power at Guggenheim Securities, where she also led its sustainability practice. Prior to Guggenheim, Crespy advised upstream energy companies and power producers on strategic and financial transactions at Evercore as managing director, CRC said in the release.
"With [Crespy’s] deep and varied experience in M&A, capital markets, corporate finance and project finance, she will play a major role in setting our path and driving us forward. I also want to thank Nelly Molina for her contributions to the company as we have bolstered our balance sheet and navigated the Aera merger,” Leon said.
Recommended Reading
AIQ, SLB Collaborate to Speed Up Autonomous Energy Operations
2025-03-16 - AIQ and SLB’s collaboration will use SLB’s suite of applications to facilitate autonomous upstream and downstream operations.
SLB Launches Electric Well Control Tech to Replace Hydraulics
2025-03-04 - SLB says the new systems reduce costs and provide real-time data for operators.
Halliburton Sees Strong Adoption of New Oilfield Tech Offerings
2025-01-22 - Halliburton Co.’s Zeus e-fracs, Octiv auto-fracs and the Sensori monitoring platform are setting the stage for long-term growth, CEO Jeff Miller says.
Then and Now: 4D Seismic Surveys Cut Costs, Increase Production
2025-03-16 - 4D seismic surveys allow operators to monitor changes in reservoirs over extended periods for more informed well placement decisions. Companies including SLB and MicroSeismic Inc. are already seeing the benefits of the tech.
Woodside Awards SLB Drilling Contract for Project Offshore Mexico
2025-03-31 - SLB will deliver 18 ultra-deepwater wells for Woodside Energy’s Trion ultra-deepwater project starting in early 2026.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.