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.

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California Resources (CRC) focuses on cash flow, value enhancement

CRC adapting to market dynamics with strategic realignment and increased financial flexibility.
Balancing operational efficiency with shareholder returns through value-enhancing actions.
Navigating challenges like litigation, production decline, and changing market conditions.
Exploring opportunities in business separations, asset monetization, and growth projects.

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.

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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.

LONG BEACH, Calif.--(BUSINESS WIRE)-- #californiaenergy--California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction. The transaction values Aera at approximately $2.1 billion, inclusive of Aera's net debt and certain other obligations1, and is expected to be immediately accretive. At closing, Aera's owners will receive 21.2 million shares of CRC's common stock, equal to approximately 22.9% of CRC's fu.

California Resources Corporation to Combine with Aera Energy

LONG BEACH, Calif--(BUSINESS WIRE)-- #Californiaenergy--California Resources Corporation (NYSE: CRC) updated select guidance ranges for the fourth quarter of 2023 in conjunction with its participation in various investor conferences later this month. CRC's fourth quarter of 2023 free cash flow1 is expected to range between $40 to $60 million primarily due to higher margins earned from natural gas marketing activities and lower investments in carbon capture and storage (CCS) related subsurface land easements. This.

California Resources Corporation Expecting Strong Fourth Quarter 2023 Results; Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call

LONG BEACH, Calif.--(BUSINESS WIRE)-- #California--California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced that the U.S. Environmental Protection Agency (EPA) released draft Class VI well permits for underground carbon dioxide (CO2) injection and storage in CTV's 26-R reservoir located within the CTV I carbon capture and storage (CCS) vault at the Elk Hills Field in Kern County, California. This marks an important step in advancing the developm.

U.S. EPA Releases Draft Class VI Permits to CRC's Carbon TerraVault for CO2 Injection and Storage in California

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following events in January 2024: Goldman Sachs Global Energy and Clean Tech Conference on January 4 to 5 in Miami, FL TD Global Energy Conference on January 8 to 9 in London, UK RBC Capital Markets Energy Transition: The Future of Carbon Capture Seminar on.

California Resources Corporation Announces January Investor Conference Participation

Canter Resources Corp. CRC CNRCF has cleared a significant hurdle in its quest for lithium as it announced the approval of formal water permits by the Nevada Division of Water Rights (NDWR).

Exclusive: No Lithium Without Water - Canter Resources Obtains Water Permits Advancing Columbus Lithium-Boron Project - California Resources (NYSE:CRC)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy California Resources (CRC) Stock?

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following event in December 2023: Morgan Stanley Energy & Clean Tech Symposium on December 6 in New York City, NY CRC's presentation materials will be available the day of the event on the Earnings and Presentations page in the Investor Relations sectio.

California Resources Corporation Announces December Investor Conference Participation

Are Investors Undervaluing California Resources (CRC) Right Now?

California Resources Corporation (CRC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -7.95% in 4 Weeks, Here's Why You Should You Buy the Dip in California Resources Corporation (CRC)

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California Resources: The Future Of Oil Is In California

California Resources Corporation. (NYSE:CRC ) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET Company Participants Joanna Park - Vice President of Investor Relations, Treasurer Francisco Leon - President & Chief Executive Officer Manuela Molina - Executive Vice President & Chief Financial Officer Chris Gould - Executive Vice President & Chief Sustainability Officer, & Managing Director, CTV Holdings Jay Bys - Executive Vice President and Chief Commercial Officer Omar Hayat - Executive Vice President, Operations Conference Call Participants Kalei Akamine - Bank of America Scott Hanold - RBC Capital Markets Leo Mariani - ROTH MKM Nathaniel Pendleton - Stifel Scott Gruber - Citi Noel Parks - Tuohy Brothers Investment Research Operator Good day, and welcome to the California Resources Corporation Third Quarter Earnings Conference Call.

California Resources Corporation (CRC) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for California Resources Corporation (CRC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

California Resources Corporation (CRC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results. "CRC's strong third-quarter performance demonstrates the hard work of our team and the flexibility of the Company's business strategy to create value for shareholders across various fronts. Foundational to this success has been CRC's ability to generate significa.

California Resources Corporation Reports Strong Third Quarter 2023 Financial Results, Announces 10% Increase in Quarterly Dividend and Meaningfully Advances its Carbon Management Business

LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations. “During the third quarter, our team made tremendous progress on the Carbon TerraVault front by announcing California's first 100 thousand metric tons per year fully integrated capture to storage project.

Carbon TerraVault Provides Third Quarter 2023 Update

California Resources Corporation (CRC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

California Resources Corporation (CRC) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

California Resources operates in an environment of limited new drilling due to regulatory and permitting challenges, forcing it to return money to shareholders and diversify its portfolio. CRC owns valuable land in California and has drilling expertise, which could potentially boost its value through royalty securitizations and deep geothermal energy projects. The company is managing its oil and gas assets for cash flow, and developing carbon capture initiatives and renewable-driven electrical generating programs to meet California's climate goals.

California Resources: A Counterintuitive Play In A State Planning To Eliminate Fossil Fuels

California Resources Corporation is an oil and natural gas company facing regulatory challenges in California but still appealing due to rising share prices and potential earnings growth. CRC focuses on providing affordable and dependable energy while embracing cleaner and more sustainable solutions, including investing in renewables. The company's solid earnings performance, stable production, and potential for strong return on investment make it an attractive investment option.

California Resources Corporation: Making Moves And Delivering Value

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close. The Company will hold a conference call to discuss these financial results on Thursday, November 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10182061/fa45058ce0. Callers who pre-r.

California Resources Corporation Schedules Third Quarter 2023 Earnings Conference Call

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California Resources Corporation expects FCF growth in 2023 and is focused on carbon management and energy transition, which could attract investors interested in ESG practices. CRC has significant proven reserves and current production capacity, suggesting that the stock could be undervalued. The company's solid balance sheet and strategic options, including the possible separation of its businesses, further support the potential for increased stock valuation.

California Resources: Carbon Capture And Potential Separation From Oil Production

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced the publication of its 2022 Sustainability Update. The Update details the progress CRC made last year as it continues to work toward meeting a high standard for environmental, social and governance (ESG) performance and its 2045 Full-Scope Net Zero Goal. “At CRC, we are dedicated to becoming an even more sustainable energy company while prioritizing health, safety, and the environment in all we do,.

California Resources Corporation Releases 2022 Sustainability Update Detailing Progress on Sustainability Initiatives and ESG Performance

LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), today announced that the California Direct Air Capture (DAC) Hub has been selected to receive $11.8 million in funding from the U.S. Department of Energy (DOE) under its Regional DAC Hubs Initiative related to the proposed development of California's first full-scale DAC plus storage (DAC+S) network of regional hubs. DAC+S is a solution that is intended to re.

Carbon TerraVault's California DAC Hub Consortium Selected for U.S. DOE Funding to Bring Direct Air Capture and Storage to the Golden State

California Resources Corporation (OTCPK:CRCQW) Q2 2023 Earnings Conference Call August 1, 2023 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Francisco Leon - President and Chief Executive Officer Manuela Molina - Executive Vice President and Chief Financial Officer Chris Gould - Executive Vice President and Chief Sustainability Officer, and Managing Director, CTV Holdings Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Nate Pendleton - Stifel Nitin Kumar - Mizuho Leo Mariani - ROTH MKM Noel Parks - Tuohy Brothers Investment Research Operator Good day and welcome to the California Resources Corporation Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded.

California Resources Corporation (CRCQW) Q2 2023 Earnings Call Transcript

California Resources Corporation (CRC) came out with quarterly earnings of $0.53 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $1.13 per share a year ago.

California Resources Corporation (CRC) Q2 Earnings and Revenues Lag Estimates

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported second quarter 2023 operational and financial results. "CRC's focus on execution drove solid operational and financial performance in the second quarter," said Francisco Leon, CRC President and Chief Executive Officer. "We returned nearly $84 million to our shareholders in the second quarter, bringing the total shar.

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