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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

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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.

The California-based oil company has been quite volatile over the last few days.

Why California Resources Stock Is Rebounding Today

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California Resources Corp (CRC) CEO Todd Stevens on Q3 2019 Results - Earnings Call Transcript

The oil and gas company gave its investors a pleasant surprise.

Why California Resources Stock Is Skyrocketing Today

California Resources (CRC) delivered earnings and revenue surprises of 194.59% and 4.68%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

California Resources (CRC) Beats Q3 Earnings and Revenue Estimates

California Resources (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 (CRC) Q3 Earnings Expected to Decline

The stock took off after management refuted a report about restructuring.

California Resources' Stock Rallies on Management's Statements

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Why McDermott International, Scholastic, and California Resources Jumped Today

Rumors of a restructuring spooked afternoon investors.

Why California Resources Corporation Stock Dropped 29.5% Today

Large, diverse, misunderstood and monetizable asset base worth multiples of current equity price.

California Resources Corporation - Underappreciated Deleveraging Tools May Prove Markets Wrong (Again)

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Are Options Traders Betting on a Big Move in California Resources (CRC) Stock?

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Enterprise value is far above cash flow compared to many companies in the industry.

California Resources: Common Stock Gravity Defying Act May Be Ending

California Resources Corporation: Risk Management Is Key To Trading Shares

California Resources Corporation (CRC) CEO Todd Stevens on Q2 2019 Results - Earnings Call Transcript

California Resources (CRC) delivered earnings and revenue surprises of -203.57% and -7.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

California Resources (CRC) Reports Q2 Loss, Misses Revenue Estimates

California Resources (CRC) Reports Next Week: Wall Street Expects Earnings Growth

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California Resources announces joint venture partnership with Colony Capital.

California Resources Corp.'s JV With Colony Capital: Nonissue, ORRIly Interesting?

This stock price will likely cyclically soar again.

Time For California Resources Stock To Taxi For Takeoff

California Resources has been crushed in recent weeks by negative sentiment regarding their debt and the operating environment in California.

California Resources: Lots Of Upside From Current Prices

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Q1 cash flows improve materially as higher realized hedging prices underpin revenue amidst recovering oil price environment.

California Resources' Q1 Review: Lost Hills, Found Gold

California Resources Corporation (CRC) CEO Todd Stevens on Q1 2019 Results - Earnings Call Transcript

News for California Resources Stock (CRC)