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SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Millions |  |  |  | 1 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | --- | ---
Aug. 05, 2024 | Aug. 02, 2024 | Jul. 01, 2024 | Jul. 31, 2024 | Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Dividends declared, common stock (in dollars per share) |  |  |  |  | $ 0.31 | $ 0.31 | $ 0.2825 | $ 0.2825 | $ 0.31 | $ 0.2825
Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Total annual dividend (in dollars per share) |  | $ 1.55 |  |  |  |  |  |  |  |
Total quarterly dividend (in dollars per share) |  | $ 0.3875 |  |  |  |  |  |  |  |
Dividends declared, common stock (in dollars per share) | $ 0.3875 |  |  |  |  |  |  |  |  |
California Resources Corporation | Existing CRC Stockholders | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Business acquisition, percentage of ownership before transaction |  |  | 76.00% |  |  |  |  |  |  |
California Resources Corporation | Aera Energy, LLC | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Business acquisition, percentage of ownership before transaction |  |  | 24.00% |  |  |  |  |  |  |
Aera Energy, LLC |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Transaction and integration costs |  |  |  |  | $ 13 |  |  |  | $ 26 |
Aera Energy, LLC | Subsequent Event |  |  |  |  |  |  |  |  |  |
Subsequent Event [Line Items] |  |  |  |  |  |  |  |  |  |
Common stock issued in connection with merger (in shares) |  |  | 21,315,707 |  |  |  |  |  |  |
Payments to acquire businesses |  |  | $ 990 |  |  |  |  |  |  |
Business combination, acquisition related costs |  |  |  | $ 27 |  |  |  |  |  |

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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479405/805-10-25-23 + Details
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