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 Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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)--California Resources Corporation (NYSE: CRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV HoldCo, LLC (CTV JV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Verde Clean Fuels Inc. (Verde), a company that utilizes an innovative and proprietary liquid fuels technology to produce renewable and lower-carbon intensity gasoline and othe.

Carbon TerraVault Provides Second Quarter 2023 Update

California Resources Corporation (CRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: California Resources Corporation (CRC) Q2 Earnings Expected to Decline

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LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Nicole Parra has been appointed as Vice President of Community Affairs, effective July 6, 2023. In this role, she will be responsible for engaging community stakeholders to help further strengthen CRC's local partnerships and enact regional Community Benefits Plans for CRC's low-carbon oil and natural gas and.

California Resources Corporation Appoints Nicole Parra as Vice President of Community Affairs

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) plans to release its second-quarter 2023 financial results on July 31st after market close. The Company will hold a conference call on Tuesday, August 1st 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/10179237/f985ba358a. Callers who pre-register will be given a conference passcode and uni.

California Resources Corporation Schedules Second Quarter 2023 Earnings Conference Call

California Resources Corporation is a strong buy due to its record cash flows, share buybacks, and potential for growth in carbon capture and solar projects. CRC's solid financials, with a growing cash position and manageable long-term debts, support its ability to invest in renewable energy projects and maintain shareholder returns. Despite regulatory challenges in California, CRC's market position and push towards renewables make it an attractive investment with an estimated 20% upside.

California Resources Corporation: Despite State Challenges, FCF Remains Strong

Investors need to pay close attention to California Resources (CRC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in California Resources (CRC) Stock?

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California Resources Corporation (NYSE:CRC ) Q1 2023 Earnings Conference Call May 2, 2023 1:00 PM ET Company Participants Francisco Leon - President, Chief Executive Officer Jay Bys - Executive Vice President, Chief Commercial Officer Joanna Park - Vice President of Investor Relations, Treasurer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Leo Mariani - ROTH MKM Nate Pendleton - Stifel Noel Park - Tuohy Brothers Investment Research Eric Seeve - GoldenTree Operator Hello! And welcome to the California Resources Corporation First Quarter Earnings Call.

California Resources Corporation (CRC) Q1 2023 Earnings Call Transcript

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today reported first quarter 2023 operational and financial results. “We're off to a great start this year with strong quarterly free cash flow driven by operational execution and natural gas markets in California, which underscores the quality of our asset portfolio and commodity diversification strategy,” said Francisco Leon, Pr.

California Resources Corporation Reports Record First Quarter Financial Results, Provides an Update on the Progress of Business Repositioning and Further Expands Its Carbon Management Business

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Yosemite Clean Energy, LLC (Yosemite). CRC also announced a second storage-only CDMA between CTV and InEnTec Inc. (InEnTec). “2023 began on a good note for Carbon TerraVault as we.

Carbon TerraVault Announces Two New Storage-Only Carbon Dioxide Management Agreements and Submission of Another Class VI Permit to the EPA

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, today announced that Manuela (Nelly) Molina has been appointed as Executive Vice President and Chief Financial Officer, effective May 8, 2023. As previously announced, CRC's prior CFO Francisco Leon was named President and Chief Executive Officer and a member of the Company's Board of Directors as of April 28, 2023. Ms. Molina is.

California Resources Corporation Appoints Nelly Molina as Executive Vice President and Chief Financial Officer

California Resources Corporation (CRC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10177066/f8cf780338.

California Resources Corporation Schedules First Quarter 2023 Earnings Conference Call

California Resources Corp (NYSE:CRC ) Q4 2022 Earnings Conference Call February 24, 2023 1:00 PM ET Company Participants Joanna Park - VP, IR Mark McFarland - President, CEO & Director Francisco Leon - EVP & CFO Chris Gould - EVP & Chief Sustainability Officer Jay Bys - EVP & Chief Commercial Officer Conference Call Participants Scott Hanold - RBC Capital Markets Nathaniel Pendleton - Stifel, Nicolaus & Company Leo Mariani - ROTH MKM Partners Kalei Akamine - Bank of America Merrill Lynch Eric Seeve - GoldenTree Asset Management Operator Good day, and welcome to the California Resources Corporation Fourth Quarter Earnings Conference Call. [Operator Instructions].

California Resources Corp (CRC) Q4 2022 Earnings Call Transcript

California Resources Corporation (CRC) delivered earnings and revenue surprises of -29.94% and 20.51%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

California Resources Corporation (CRC) Q4 Earnings and Revenues Lag Estimates

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) announced today a strategic realignment of the Company's business operations and structure. The Company intends to reduce costs to align with activity levels, increase its financial flexibility and optimize its portfolio of assets. The Company believes that the combination of these actions will allow it to continue to strengthen shareholder returns.

California Resources Corporation Initiates Strategic Realignment of Business Operations and Corporate Structure to Maximize Cash Flow Per Share

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2022 operational and financial results. "CRC continued to deliver as we closed out 2022 with record operating cash flow which allowed us to return $372 million to shareholders.

California Resources Corporation Generates Record $690 Million of Operating Cash Flow and $311 Million of Free Cash Flow in 2022

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LONG BEACH, Calif.--( BUSINESS WIRE )--California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released the day before the conference call following the market close.

California Resources Corporation Schedules Fourth Quarter and Full Year 2022 Earnings Conference Call

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LONG BEACH, Calif.--( BUSINESS WIRE )--California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2022 climate disclosure, securing a score at CDP's Leadership Level for the fourth year in a row. This accomplishment is further evidence of CRC's commitment to maintaining a strong ESG and sustainability platform.

CRC Recognized with Leadership Level Ranking for 2022 Climate Disclosure by CDP for the Fourth Year in a Row

LONG BEACH, Calif.--( BUSINESS WIRE )--California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), an independent clean-tech company that is building a portfolio of blue ammonia and hydrogen production facilities to supply the agriculture, mobility and marine fuel markets, to sequester 370,000 metric tons (MT) of carbon dioxide (CO2) per annum at CTV III from a new blue ammonia and hydrogen plant to be constructed in Northern California. Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California's first blue ammonia and hydrogen facility producing 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen.

California Resources Corporation Announces Carbon Dioxide Management Agreement for CTV's First Permanent Carbon Storage Project in Northern California

LONG BEACH, Calif.--( BUSINESS WIRE )--California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons (MT) of carbon dioxide (CO2) per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in Kern County. Called the Lone Cypress Hydrogen Project, the project aims to be California's first blue hydrogen facility producing 30 tons per day and has the potential to expand to 60 tons per day of blue hydrogen with up to 200,000 MT of CO2 sequestration per annum.

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