Aera Energy
| Company type | Private |
|---|---|
| Industry | Petroleum |
| Founded | 1997 |
| Founder | Shell plc and Mobil |
| Headquarters | Aera Oaks, Bakersfield, California, United States |
Area served | California |
Key people | Erik Bartsch (CEO) |
| Products | Petroleum, natural gas |
Number of employees | 1,100 |
| Parent | California Resources Corporation |
| Website | aeraenergy.com |
Aera Energy LLC (or simply Aera) is a natural gas, oil exploration and production company started as a joint venture between Shell plc (through Shell USA) and Mobil (which later merged to form ExxonMobil). Headquartered in Bakersfield, California, Aera Energy LLC is a California limited liability company, and one of California's largest oil and natural gas producers, with an approximate 2015 revenues of over $2 billion. Aera is operated as a stand-alone company through its board of managers.
In August 2022, IKAV, a European investment company, announced it was buying Aera from Shell and ExxonMobil. In July 2024, California Resources Corporation completed a $2.1 billion, all-stock purchase acquisition of Aera.