California Resources Corp.

California Resources Corporation , an independent energy and carbon management company committed to energy transition, today reported third quarter 2023 operational and financial results. "CRC's strong third-quarter performance demonstrates the hard work of our team and the flexibility of the Company's business strategy to create value for shareholders across various fronts. Foundational to this success has been CRC's [...]

Carbon TerraVault , a subsidiary of California Resources Corp. which provides carbon management services that include capture, transport and storage of carbon dioxide for its customers, today provided an update on its operations. "During the third quarter, our team made tremendous progress on the Carbon TerraVault front by announcing California's first 100 thousand metric tons per year fully integrated capture to storage [...]

California Resources Corp. plans to release its third quarter 2023 financial results on Wednesday, November 1st after market close. The Company will hold a conference call to discuss these financial results on Thursday, November 2nd 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/10182061/fa45058ce0. Callers who [...]

California Resources Corp. today announced the publication of its 2022 Sustainability Update. The Update details the progress CRC made last year as it continues to work toward meeting a high standard for environmental, social and governance performance and its 2045 Full-Scope Net Zero Goal. "At CRC, we are dedicated to becoming an even more sustainable energy company while prioritizing health, safety, and the environment [...]

Lone Cypress Energy Services today announced the completion of the Front-End Engineering Design study for its Lone Cypress Hydrogen Project located at the Elk Hills Field in Kern County, California. The study encompassed a 65 metric tonnes per day steam methane reformation plant with an integrated post combustion carbon capture system, hydrogen liquefaction, storage, dispensing, and all associated balance of plant [...]

Carbon TerraVault Holdings, LLC , a subsidiary of California Resources Corp. , today announced that the California Direct Air Capture Hub has been selected to receive $11.8 million in funding from the U.S. Department of Energy under its Regional DAC Hubs Initiative related to the proposed development of California's first full-scale DAC plus storage network of regional hubs. DAC+S is a solution that is intended to remove [...]

Verde Clean Fuels , a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement between Verde and Carbon TerraVault JV HoldCo, LLC , a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of [...]

California Resources Corporation , an independent energy and carbon management company committed to energy transition, today reported second quarter 2023 operational and financial results. "CRC's focus on execution drove solid operational and financial performance in the second quarter," said Francisco Leon, CRC President and Chief Executive Officer. "We returned nearly $84 million to our shareholders in the second [...]

California Resources Corp. today announced a storage-only Carbon Dioxide Management Agreement between Carbon TerraVault JV HoldCo, LLC , a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide , and Verde Clean Fuels Inc. , a company that utilizes an innovative and proprietary liquid fuels technology to produce renewable and lower-carbon intensity gasoline and other liquid [...]

California Resources Corp. , an independent energy and carbon management company committed to energy transition, today announced that Nicole Parra has been appointed as Vice President of Community Affairs, effective July 6, 2023. In this role, she will be responsible for engaging community stakeholders to help further strengthen CRC's local partnerships and enact regional Community Benefits Plans for CRC's low-carbon oil [...]