California Resources Corp. announced today that it will host its second quarter 2021 financial results conference call on Thursday, August 5th at 5:00 p.m. Eastern Time . The Company's earnings will be released following the market close on the same date. We encourage participants to pre-register for the conference call webcast using the following link https://dpregister.com/sreg/10157220/e9185e9690. Callers who [...]
California Resources Corp. announced today that the Company's executives will be participating in the 2021 TD Securities Virtual Energy Conference on July 6-8. CRC's presentation materials will be available the day of the event on the Earnings and Presentations page in the Investor Relations section on www.crc.com. About California Resources Corporation California Resources Corp. is an independent oil and natural gas [...]
California Resources Corp. today announced that Chris Gould has been appointed as the Company's first ever Executive Vice President and Chief Sustainability Officer. "Bringing Chris on board reflects the importance of our ESG initiatives and our commitment to decarbonization and a realistic energy transition," said Mac McFarland, CEO and President. "His considerable leadership skills and experience in climate change and [...]
California Resources Corp. , an independent oil and natural gas exploration and production company, today reported first quarter 2021 operational and financial results. "CRC delivered on its strategy with strong first quarter results while maintaining solid environmental and safety records," said Mac McFarland, President and Chief Executive Officer. "Given the positive first quarter results, supported by the previously [...]
California Resources Corp. announced today that the Company's executives will be participating in the 2021 Virtual Wells Fargo Energy Conference to be held on June 2-3. CRC's presentation materials will be available the day of the event on the Earnings and Presentations page in the Investor Relations section on www.crc.com. About California Resources Corporation California Resources Corp. is an independent oil and natural [...]
California Resources Corp. announced today that it will host its first quarter 2021 financial results conference call on Thursday, May 13 at 11:00 a.m. Eastern Time . The Company's earnings will be released prior to the market open on the same date. We encourage participants to pre-register for the conference call webcast using the following link https://dpregister.com/sreg/10153648/e58af1b180. Callers who pre-register [...]
California Resources Corp. announced today that Tiffany Thom Cepak has been appointed as the Chair of the Board of Directors of the Company. Ms. Cepak replaces Mark A. McFarland as the Chair following his appointment as the permanent President and Chief Executive Officer of the Company on March 22, 2021. Mr. McFarland will continue to serve as a director the Company. This press release features multimedia. View the full [...]
California Resources Corp. announced today the appointment of Mark A. McFarland as the Company's permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company's board since its emergence from bankruptcy in October 2020, as its Executive Chairman from November 2020 through December 31, 2020 and as its Chairman of the Board and interim Chief Executive Officer since December [...]
California Resources Corp. , an independent California-based oil and natural gas exploration and production company, today reported fourth quarter and full year 2020 results. Operational and financial highlights were as follows: 2020 Fourth Quarter and Full Year Highlights For the full year of 2020, CRC reported net income of $1,871 million and an adjusted net loss attributable to common stock1 of $257 million, excluding [...]
California Resources Corp. announced today that it will release its fourth quarter and full year 2020 financial results following the market close on Thursday, March 11, 2021. Strategy Day: CRC will hold a virtual Strategy Day on Thursday, March 18, 2021, at 1 p.m. ET to review the company's strategic repositioning, expected outcomes of the new strategic alignment and 2021 guidance. The event will feature Mac McFarland [...]
California Resources Corp. announced today that it is reducing the size of its leadership team and realigning several functions as it focuses on efficiency and cost reductions. The Company is eliminating leadership positions in the areas of public affairs, exploration and development, investor relations and finance, and implementing the following functional realignment: reporting to Mac McFarland will be Francisco Leon [...]
California Resources Corp. announced today the pricing of its private offering of $600 million in aggregate principal amount of its 7.125% senior unsecured notes due 2026 at par. The Notes will be guaranteed by all of the Company’s existing subsidiaries that guarantee its revolving credit facility and certain future subsidiaries. The offering is expected to close on January 20, 2021, subject to customary closing [...]