California Resources Corp.

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 [...]

California Resources Corp. plans to release its second-quarter 2023 financial results on July 31st after market close. The Company will hold a conference call on Tuesday, August 1st 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/10179237/f985ba358a. Callers who pre-register will be given a conference passcode and unique [...]

California Resources Corporation reported first quarter 2023 operational and financial results. "We're off to a great start this year with strong quarterly free cash flow driven by operational execution and natural gas markets in California, which underscores the quality of our asset portfolio and commodity diversification strategy," said Francisco Leon, President and Chief Executive Officer. "We made good progress in [...]

California Resources Corp. today announced a storage-only Carbon Dioxide Management Agreement between Carbon TerraVault Holdings, LLC , a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide , and Yosemite Clean Energy, LLC . CRC also announced a second storage-only CDMA between CTV and InEnTec Inc. . "2023 began on a good note for Carbon TerraVault as we continued to [...]

California Resources Corp. , an independent energy and carbon management company committed to energy transition, today announced that Manuela Molina has been appointed as Executive Vice President and Chief Financial Officer, effective May 8, 2023. As previously announced, CRC's prior CFO Francisco Leon was named President and Chief Executive Officer and a member of the Company's Board of Directors as of April 28, 2023 [...]

California Resources Corp. announced today that it will host its first quarter 2023 financial results conference call on Tuesday, May 2nd at 1:00 p.m. Eastern Time . The Company's earnings will be released the day before the conference call following the market close. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10177066/f8cf780338. Callers who [...]

California Resources Corp. announced today a strategic realignment of the Company's business operations and structure. The Company intends to reduce costs to align with activity levels, increase its financial flexibility and optimize its portfolio of assets. The Company believes that the combination of these actions will allow it to continue to strengthen shareholder returns. The Company is also repositioning the business [...]

California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2022 operational and financial results. "CRC continued to deliver as we closed out 2022 with record operating cash flow which allowed us to return $372 million to shareholders. Given our positive outlook on 2023 free cash flow generation, we are increasing [...]