California Resources Corp.

California Resources and its carbon management business, Carbon TerraVault, announced a Memorandum of Understanding1 with Capital Power to provide carbon management services for CPX's La Paloma generation facility. Highlights: CTV and CPX plan to jointly evaluate and develop carbon capture and sequestration solutions for the La Paloma facility - a 1.1 gigawatts natural gas combined cycle generation facility in Kern County [...]

California Resources Corp. today hosted a groundbreaking ceremony for Carbon TerraVault I , the Golden State's first carbon capture and storage project, developed to reduce emissions and support the state's path to carbon neutrality by 2045. CRC President and CEO Francisco Leon and CTV Holdings Managing Director Chris Gould were joined by a diverse group of state and community leaders at the Elk Hills Field in Kern County [...]

California Resources Corp. plans to release its third quarter 2025 financial results on Tuesday, November 4th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, November 5th at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10202512/ffcf85d410. Callers who pre-register [...]

California Resources Corp. today announced that it has issued a notice of redemption with respect to its 7.125% Senior Notes due 2026 . On October 10, 2025 , the Company will redeem all of the 2026 Notes outstanding in accordance with the terms set forth in the indenture governing the 2026 Notes. The 2026 Notes will be redeemed at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid [...]

California Resources Corp. announced today the pricing of its private offering of $400 million in aggregate principal amount of its 7.000% senior unsecured notes due 2034 at par. The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and its 8.250% senior unsecured notes due 2029. The offering is expected to close [...]

California Resources Corp. announced today that, subject to market and other conditions, it intends to offer and sell to eligible purchasers $400 million in aggregate principal amount of senior unsecured notes due 2034 . The Notes will be guaranteed by all of the Company's existing subsidiaries that guarantee its revolving credit facility, its 7.125% senior unsecured notes due 2026 and its 8.250% senior unsecured notes [...]

California Resources Corp. today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC's continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California's natural resources and leader in local energy production. "CRC entered an exciting new chapter in 2024 [...]

California Resources Corp. and Berry Corp. jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry's net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC's website at [...]

Company Raises 2025E Production and Adjusted EBITDAX Guidance, Reduces Drilling, Completions and Workover Capital Program Returned Quarterly Record of $287 Million to Shareholders LONG BEACH, Calif., Aug. 05, 2025 -- California Resources Corp. reported financial and operating results for the second quarter of 2025. The Company is hosting a conference call and webcast at 1 p.m. ET on Wednesday, August 6, 2025. Conference [...]

California Resources Corp. plans to release its second quarter 2025 financial results on Tuesday, August 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 6th at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10200260/ff49e72f54. Callers who pre-register [...]