California Resources

California Resources Corp. is an independent oil and natural gas company committed to energy transition in the sector. The firm has some of the lowest carbon intensity production in the U.S. It focuses on increasing the value of land, mineral and technical resources for decarbonization by developing carbon capture and storage and other emissions reducing projects. The company was founded on April 23, 2014 and is headquartered in Long Beach, CA.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Earnings data Q4 2025

Earnings data Q1 2026

California Resources (CRC) reports record Q1 earnings and carbon strategy focus

California Resources (CRC) delivered strong financial results in Q1 2023, with a focus on operational efficiency and shareholder returns. The company is strategically repositioning, evaluating cost-cutting initiatives, and advancing their carbon management strategy to align with clean energy objectives in California.

California Resources (CRC) maintains financial strength amidst operational challenges

California Resources (CRC) reaffirms 2023 guidance with narrowed free cash flow range and lower operating cost guidance. The company is making progress on converting an oilfield into a real estate project and is focused on expanding carbon management efforts and shareholder returns.

California Resources (CRC) reports robust Q3 earnings and advances clean energy initiatives

California Resources (CRC) showcased strong cash flow generation and a focus on carbon management projects, with plans for CO2 capture and storage at Elk Hills.
Despite regulatory challenges and decision uncertainties, CRC is strategically positioned for clean energy development and cost savings, aiming for increased drilling activity.
The company's emphasis on emission capture technology, responsibly sourced gas, and waste utilization presents growth opportunities aligned with California's clean energy goals.

California Resources (CRC) exceeds Q4 targets, poised for carbon management growth

California Resources (CRC) delivered a robust performance in Q4 2023, exceeding financial targets and showcasing strengths in cost management, operational excellence, and carbon management initiatives.
While facing challenges in tax predictability and regulatory compliance, CRC is well-positioned to capitalize on growth opportunities in carbon management, emissions control projects, and operational synergies post-Aera merger.
The company's strategic focus on free cash generation, debt reduction, and shareholder value enhancement, coupled with ongoing efforts to navigate operational complexities and regulatory landscapes, underpin its resilience and growth potential.
With a strong financial outlook, commitment to sustainability, and strategic partnerships driving future growth, CRC remains poised for success in the evolving energy landscape, particularly in the carbon management sector.

California Resources (CRC) excels in Q3, eyes sustainable growth

CRC's Q3 performance reflects strong financials and strategic progress post-merger.
The company's focus on decarbonization and clean energy solutions is gaining traction.
Balancing financial strength with sustainability initiatives is a key priority for CRC.
Exploration of new energy avenues and partnerships positions CRC for future growth.

California Resources (CRC) reports robust Q4 performance and growth outlook

California Resources (CRC) delivered a strong performance in Q4 2024, emphasizing financial resilience and operational efficiency. Despite facing challenges in project execution and market dynamics, CRC is well-positioned to capitalize on growth opportunities in carbon management and energy sectors. By prioritizing cost improvements, strategic investments, and revenue diversification, CRC aims to drive profitability and enhance shareholder value in the future.

California Resources (CRC) reports record returns and navigates permitting challenges

California Resources (CRC) delivered strong financial performance, highlighted by record returns to shareholders and operational excellence. The company faces challenges in permitting and well P&A requirements but is optimistic about resolving these issues. CRC is well-positioned to capitalize on opportunities in clean energy solutions and shareholder value creation.

California Resources (CRC) reports strong Q3 performance and growth opportunities

California Resources (CRC) delivered a strong Q3 performance with a focus on sustainable value creation and strategic transactions. The company faces challenges in expanding into power generation and maintaining disciplined capital investment for growth. Opportunities lie in partnerships for decarbonized power projects, efficiency gains from mergers, and operational improvements in capital planning.

California Resources (CRC) posts robust Q4 results, eyes growth opportunities

California Resources (CRC) delivered strong financial results in Q4 2025, emphasizing production growth, financial performance, and returning capital to shareholders. The company's focus on responsible development, cost reduction, and effective capital allocation positions it well for future growth and value creation.

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California Resources Corp. is an independent energy and carbon management company, which engages in energy transition. It focuses on increasing the value of land, mineral and technical resources for decarbonization by developing carbon capture, storage and other emissions reducing projects. The company was founded on April 23, 2014 and is headquartered in Long Beach, CA.