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.

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

NextDecade

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

NEXT Carbon Solutions and California Resources Corporation Agree to FEED Study

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported first quarter 2022 operational and financial results. "CRC began 2022 on a good note as we continued to deliver strong operational results. Given our continued robust free cash flow generation and pristine balance sheet, we are increasing our share repurchase program by $300 million to $650 million in total,

California Resources Reports First Quarter 2022 Results, Increases and Extends Its Share Repurchase Program, Raises 2022 Guidance and Provides an Update on Its Carbon Management Business

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) Q1 Earnings Expected to Decline

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) is pleased to announce it has updated and expanded its Environmental, Social, and Governance (ESG) goals that build upon CRC's long-standing commitment to sustainability, the company's recent 2045 Full-Scope Net Zero Goal, and investment in low carbon initiatives that position CRC to lead the energy transition in California and beyond. CRC's ESG goals focus on providing low carbon intensity fuel today and net z

California Resources Corporation Announces Updated and Expanded ESG Goals

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SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:00 p.m. Eastern Time (10:00 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/10164563/f1eff7c58f. Callers who pre-register will b

California Resources Corporation Schedules First Quarter 2022 Earnings Conference Call

California Resources Corporation (CRC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

California Resources Corporation (CRC) Soars 7.5%: Is Further Upside Left in the Stock?

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Although the NFIB small business optimism index in the US dropped for a second straight month to 95.7 in February, there were a few notable insider trades. When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as being overpriced.

Insiders Sell More Than $400M Of 5 Stocks

California Resources Corporation (CRC) CEO Mac McFarland on Q4 2021 Results - Earning Calls Transcript

SANTA CLARITA, 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 2021 operational and financial results. "2021 was a transformative year for CRC. We optimized our portfolio, maintained operational excellence, generated record free cash flow and advanced our Carbon Management Business," said Mac McFarland, President and Chief Executive Officer.

California Resources Generates a Record $466 Million of Free Cash Flow1 in 2021, Reports $660 Million of Operating Cash Flow, Increases its Share Repurchase Program by 40% and Continues to Advance its Low Carbon Strategy

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The US economy unexpectedly added 467,000 jobs in January, surpassing analysts' expectations for a 150,000 gain. Investors, meanwhile, focused on some notable insider trades.

Executives Sell Over $45M Of 5 Stocks

California Resources now has low debt. Management can catch up deferred maintenance and other priority issues.

Finally A Viable Strategy For California Resources

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The price of a barrel of oil has jumped by nearly 60% over the past 12 months from around $50 to nearly $80.

Big Changes From BofA on ‘Undervalued' Oil Industry: 8 Top Picks and More

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time (10:00 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/10162383/f019f7b40d. Callers who

California Resources Corporation Schedules Fourth Quarter and Full Year 2021 Earnings Conference Call

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I think the hydrocarbon sector looks incredibly attractive from a value perspective. A quick glance across the sector throws up a lot of companies trading at double-digit free cash flow ratios and other similarly attractive metrics.

Energy Companies: Undervalued Without a Catalyst

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) received an A- from CDP for its 2021 climate disclosure, securing a top score at CDP's Leadership Level for the third year in a row. Once again, CRC received the highest ranking among all U.S. oil and gas companies, tying for first with one other U.S.-based E&P with global operations. Scoring at CDP's Leadership Level for three years in a row further highlights CRC's value as a differentiated and dependable

CRC Recognized With Leadership Level Ranking for 2021 Climate Disclosure by CDP for the Third Year in a Row

California Resources Corporation is an interesting investment at its current share price. The company produces primarily crude oil in California but produces a mix of NGLs and natural gas as well.

California Resources Corporation Is An Interesting Investment Post Bankruptcy

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that certain Company executives will be participating in the following virtual and in-person events in December 2021 and January 2022: Cowen's Virtual 2021 Energy Summit on December 1-3, 2021 Pickering Energy Partners' Technology, Energy & Mobility Festival on December 14-15, 2021, Austin, TX Goldman Sachs' Global Energy and Clean Technology Conference on January 5-6, 2022, Miami, FL CRC's p

California Resources Corporation Announces Additional Investor Conference Participation

The consensus price target hints at a 25% upside potential for California Resources (CRC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in California Resources (CRC)? Wall Street Analysts Think 25%

California Resources Corporation (CRC) CEO Mark McFarland on Q3 2021 Results - Earnings Call Transcript

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2021 operational and financial results. "Third quarter results continued to reflect strong operational performance and represented our best quarter this year in terms of free cash flow generation. These financial results enabled CRC to further enhance our shareholder return strategy by initiati

California Resources Corporation Reports Third Quarter 2021 Results, Declares Inaugural Quarterly Dividend and Announces 2045 Full-Scope Net Zero Goal

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that Tiffany (TJ) Thom Cepak, Chair of the Board for CRC's Board of Directors, has been recognized as one of the 2021 “Most Influential Black Corporate Directors” by Savoy magazine. As a leading business publication on African American success and achievement, Savoy publishes its annual definitive list recognizing and celebrating African American executives, influencers and achievers for their b

California Resources Corporation Board Member Tiffany (TJ) Thom Cepak Named to Savoy Magazine's 2021 List of “Most Influential Black Corporate Directors”

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (“CRC” or the “Company”) today announced the publication of its 2020 Sustainability Update. The update provides details of CRC's key environmental, social and governance (ESG) performance metrics as well as progress on its established 2030 Sustainability goals. Additionally, CRC has also published metrics following the guidance of the Sustainability Accounting Standards Board (SASB) and the American Petroleum I

CRC Releases 2020 Sustainability Update Detailing Performance Metrics

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that it will host its third quarter 2021 financial results conference call on Thursday, November 11th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). The Company's earnings will be released before the market open on the same date. We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10160036/ed00623af0. Callers who pre-regist

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