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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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.

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This Dividend Stock Is Pouncing on a "Once-in-a-Generation" Opportunity

California Resources Corporation (NYSE:CRC ) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Shawn Kerns - Executive Vice President & Chief Operating Officer Chris Gould - Executive Vice President and Chief Sustainability Officer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Leo Mariani - MKM Partners Nathaniel Pendleton - Stifel Eric Seeve - GoldenTree Operator Good day, and welcome to the California Resources Corporation Third Quarter Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

California Resources Corporation (CRC) Q3 2022 Earnings Call Transcript

California Resources Corporation (CRC) delivered earnings and revenue surprises of 13.28% and 49.01%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

California Resources Corporation (CRC) Beats Q3 Earnings and Revenue Estimates

California Resources Corporation Reports Strong Third Quarter 2022 Results, Announces 66% Increase in Quarterly Dividend and $200 Million Increase in Share Repurchase Program

California Resources is mighty cheap - largely because of the risks that come from doing business in California. Recently passed Senate Bill 1137 destroys hundreds of millions of dollars in reserve value, illustrating why that discount persists.

California Resources: Taking Stock Of California Regulatory Changes

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd 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/10171364/f48809c260. Cal

California Resources Corporation Schedules Third Quarter 2022 Earnings Conference Call

56% technical buy signals. 10 new highs and up 22.31% in the last month.

California Resources - Oil & Gas Play

Kimmeridge Energy Management Company LLC has amassed a stake in California Resources Corp and is pushing the oil and gas producer to make changes that include selling some acreage to real estate developers, people familiar with the matter said.

Exclusive-Kimmeridge builds stake in California Resources to push for changes-sources

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC's continuous progress on its sustainability efforts in environmental, social and governance (ESG) performance as the company advances its commitment to the energy transition and decarbonization of local economies. “Today, we are proud to share with you CRC's progress and continued leadership in ESG performance

California Resources Corporation Releases 2021 Sustainability Report Detailing ESG Performance and Progress on Sustainability Initiatives

California Resources Corporation (NYSE:CRC ) Q2 2022 Earnings Conference Call August 4, 2022 12:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Eric Seeve - GoldenTree Karl Blunden - Goldman Sachs Operator Good afternoon. Good day, everyone and welcome to the California Resources Corporation Second Quarter Earnings Conference Call.

California Resources Corporation (CRC) CEO Mac McFarland on Q2 2022 Results - Earnings Call Transcript

Increasing midpoint of cash flow guidance. Increasing production guidance.

California Resources: Brookfield Confirms Carbon Capture Opportunity, Increased Cash Flow Leads To Bigger Buybacks

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 announced the formation of a joint venture (the "JV") with Brookfield Renewable ("Brookfield"), creating a carbon management partnership focused on carbon capture and sequestration (“CCS”) development and reported second quarter 2022 operational and financial results. Brookfield has committed an initial $500 million to

California Resources Corporation Announces the Formation of a California Carbon Management Partnership with Brookfield Renewable, Reports Strong Second Quarter 2022 Results and Increases Full Year 2022 Free Cash Flow1 Guidance

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) is pleased to announce it has pledged $2.5 million to fund several Kern County initiatives with Kern Community College District (Kern CCD) and California State University, Bakersfield (CSUB) to help advance the energy transition and further benefit local communities across the region. CRC will collaborate with Kern CCD, one of the largest community college districts in the United States, to establish the CRC Carbo

California Resources Corporation Pledges $2.5 Million to Fund Kern County Community Initiatives to Advance the Energy Transition

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The average of price targets set by Wall Street analysts indicates a potential upside of 33.2% in California Resources Corporation (CRC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe California Resources Corporation (CRC) Could Rally 33%: Here's is How to Trade

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced amendments to and extension of its solicitation of consents (the “Consent Solicitation”) from the holders of its outstanding 7.125% Senior Notes due 2026 (CUSIP Nos. 13057QAH0, 13057QAJ6 and U1303AAE6) (the “Notes”) to the proposed amendment to the indenture governing the Notes (the “Proposed Amendment”) described in the Consent Solicitation Statement dated June 6, 2022, as

California Resources Corporation Announces Amendments to Consent Solicitation

CRC was spun off from OXY in late 2014 and saddled with $6.4 billion of debt. Oil prices collapsed in 2015/16 and again in 2020, pushing CRC into bankruptcy because its oil hedges did not protect against very low prices.

California Resources: Hedging Strategy To Change

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the extension of its solicitation of consents (the “Consent Solicitation”) from the holders of its outstanding 7.125% Senior Notes due 2026 (CUSIP Nos. 13057QAH0, 13057QAJ6 and U1303AAE6) (the “Notes”) to the proposed amendment to the indenture governing the Notes (the “Proposed Amendment”) described in the Consent Solicitation Statement dated June 6, 2022 (as amended hereb

California Resources Corporation Announces Extension of Consent Solicitation

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced that it is soliciting consents (the “Consent Solicitation”) from holders of its outstanding 7.125% Senior Notes due 2026 (the “Notes”) as of 5:00 p.m. New York City time, on June 3, 2022 (the “Record Date”) to a proposed amendment to the indenture governing such Notes (the “Indenture”). The Consent Solicitation is being made solely upon the terms and conditions described in

California Resources Corporation Announces Consent Solicitation Related to Senior Notes

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time). The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10167707/f307b93bd1. Callers who pre-register will

California Resources Corporation Schedules Second Quarter 2022 Earnings Conference Call and Announces Additional Conference Participation

California Resources Corporation (NYSE:CRC ) Q1 2022 Earnings Conference Call May 5, 2022 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Jay Bys - Chief Commercial Officer Chris Gould - Chief Sustainability Officer Shawn Kerns - Chief Operating Officer Conference Call Participants Scott Hanold - RBC Capital Leo Mariani - KeyBanc Doug Leggate - Bank of America Scott Hanold - RBC Capital Eric Seeve - GoldenTree Ray Deacon - Petro Lotus Operator Good afternoon and welcome to the California Resources Corporation 2022 First Quarter Earnings Call. [Operator Instructions] Please note this event is being recorded.

California Resources Corporation (CRC) CEO Mac McFarland on Q1 2022 Results - Earnings Call Transcript

California Resources Corporation (CRC) delivered earnings and revenue surprises of -0.88% and 70.70%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

California Resources Corporation (CRC) Misses Q1 Earnings and Revenue Estimates

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HOUSTON--(BUSINESS WIRE)--NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ: NEXT) and California Resources Corporation (NYSE: CRC) today jointly announced the execution of an agreement (Agreement) to further explore the decarbonization of CRC's Elk Hills Power Plant. Through the deployment of NCS' proprietary post-combustion carbon capture processes for CRC's CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plan

News for California Resources Stock (CRC)