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 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.

California's leading oil and gas producer became the oil crash's latest victim.

California Resources Files for Bankruptcy

SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company” or “CRC”), an independent California-based oil and natural gas exploration and production company, today announced it has entered into a Restructuring Support Agreement (“RSA”) with holders of approximately 84% of the Company’s 2017 term loans, 51% of the Company’s 2016 term loans and its Elk Hills midstream joint venture partner, Ares Management L.P.

California Resources Corporation Agrees on Comprehensive Balance Sheet Restructuring with Key Creditors

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

Implied Volatility Surging for California Resources Corporation (CRC) Stock Options

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California Resources (CRC) delivered earnings and revenue surprises of 88.41% and 13.30%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

California Resources (CRC) Reports Q1 Loss, Tops Revenue Estimates

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California Resources Corp. CRC, +35.82% could file for bankruptcy as soon as next week, according a report in The Wall Street Journal, as the oil driller disclosed Monday that it failed to make certain interest payments due on May 29.

California Resources could file for bankruptcy this weekend--WSJ

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Shares of California Resources Corp. CRC, -28.39% plunged 29% in morning trading, to pace all NYSE decliners, after the oil and gas company disclosed that it was adding a "going concern" warning its its risk factors, given the impact the COVID-19 pandemic has had on crude oil prices.

California Resources' stock plunges to pace NYSE losers after disclosure of 'going concern' warning

California Resources (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 (CRC) Expected to Beat Earnings Estimates: Should You Buy?

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

Implied Volatility Surging for California Resources (CRC) Stock Options

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California Resources Corporation (CRC) CEO Todd Stevens on Q4 2019 Results - Earnings Call Transcript

California Resources (CRC) delivered earnings and revenue surprises of 21.67% and -9.78%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

California Resources (CRC) Beats Q4 Earnings Estimates

California Resources' Latest Deal Is Very Value Accretive To Shareholders

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Options Traders Expect Huge Moves in California Resources (CRC) Stock

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California Resources (CRC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

News for California Resources Stock (CRC)