California Resources Corp. announced today that it will host its fourth quarter and full year 2022 financial results conference call on Friday, February 24th 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 [...]
California Resources Corp. received an A- from CDP for its 2022 climate disclosure, securing a score at CDP's Leadership Level for the fourth year in a row. This accomplishment is further evidence of CRC's commitment to maintaining a strong ESG and sustainability platform. Mac McFarland, CRC's President and CEO, stated, "We are extremely pleased with CDP's scoring of our 2022 climate disclosure. Our consistent leadership [...]
California Resources Corp. today announced a Carbon Dioxide Management Agreement between Carbon TerraVault Holdings, LLC and Grannus, LLC , an independent clean-tech company that is building a portfolio of blue ammonia and hydrogen production facilities to supply the agriculture, mobility and marine fuel markets, to sequester 370,000 metric tons of carbon dioxide per annum at CTV III from a new blue ammonia and hydrogen [...]
California Resources Corp. announced today that the Company's executives will be participating in the following in-person events in January 2023: Goldman Sachs Energy and Clean Technology Conference on January 5 in Miami, FL TD Securities London Energy and Power Conference on January 9 - 10 in London, UK CRC's presentation materials will be available the day of the event on the Earnings and Presentations page in the [...]
California Resources Corp. today announced a Carbon Dioxide Management Agreement between Carbon TerraVault JV Holdco, LLC and Lone Cypress Energy Services, LLC , an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons of carbon dioxide per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in [...]
ICE Thermal Harvesting, LLC has partnered with California Resources Corp. and the University of Houston to undertake a joint project to harvest thermal energy from producing assets and convert it to 24/7, emission-free electricity. The project will take place on CRC's flagship Elk Hills asset and will be partially funded by a grant from the Department of Energy's Wells of Opportunity program. Benefits include decreased [...]
California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2022 operational and financial results. "CRC's strong financial performance, coupled with our consistent operational execution, allowed us to increase our fixed dividend by 66% and our Share Repurchase Program by an additional $200 million. Our disciplined capital [...]
California Resources Corp. announced today that it will host its third quarter 2022 financial results conference call on Thursday, November 3rd 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/10171364/f48809c260. Callers [...]
California Resources Corp. today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC's continuous progress on its sustainability efforts in environmental, social and governance performance as the company advances its commitment to the energy transition and decarbonization of local economies. "Today, we are proud to share with you CRC's progress and continued leadership in [...]
California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today announced the formation of a joint venture with Brookfield Renewable , creating a carbon management partnership focused on carbon capture and sequestration development and reported second quarter 2022 operational and financial results. Brookfield has committed an initial $500 million to invest [...]
California Resources Corp. is pleased to announce it has pledged $2.5 million to fund several Kern County initiatives with Kern Community College District and California State University, Bakersfield to help advance the energy transition and further benefit local communities across the region. CRC will collaborate with Kern CCD, one of the largest community college districts in the United States, to establish the CRC [...]
California Resources Corp. today announced amendments to and extension of its solicitation of consents from the holders of its outstanding 7.125% Senior Notes due 2026 to the proposed amendment to the indenture governing the Notes described in the Consent Solicitation Statement dated June 6, 2022, as amended by the Company's press release dated June 13, 2022 and as further amended by a Supplement dated June 15, 2022 . The [...]
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