California Resources Corp. today announced the 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 . The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in the Statement. The expiration [...]
California Resources Corp. today announced that it is soliciting consents from holders of its outstanding 7.125% Senior Notes due 2026 as of 5:00 p.m. New York City time, on June 3, 2022 to a proposed amendment to the indenture governing such Notes . The Consent Solicitation is being made solely upon the terms and conditions described in the Company's Consent Solicitation Statement, dated June 6, 2022 . The Consent [...]
California Resources Corp. announced today that it will host its second quarter 2022 financial results conference call on Thursday, August 4th at 12:00 p.m. Eastern Time . The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10167707/f307b93bd1. Callers who pre-register will be [...]
NEXT Carbon Solutions , a subsidiary of NextDecade Corporation and California Resources Corp. today jointly announced the execution of an agreement to further explore the decarbonization of CRC's Elk Hills Power Plant. Through the deployment of NCS' proprietary post-combustion carbon capture processes for CRC's CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant [...]
California Resources Corp. , an independent oil and natural gas company committed to energy transition in the sector, today reported first quarter 2022 operational and financial results. "CRC began 2022 on a good note as we continued to deliver strong operational results. Given our continued robust free cash flow generation and pristine balance sheet, we are increasing our share repurchase program by $300 million to $650 [...]
California Resources Corp. is pleased to announce it has updated and expanded its Environmental, Social, and Governance goals that build upon CRC's long-standing commitment to sustainability, the company's recent 2045 Full-Scope Net Zero Goal, and investment in low carbon initiatives that position CRC to lead the energy transition in California and beyond. CRC's ESG goals focus on providing low carbon intensity fuel today [...]
California Resources Corp. announced today that it will host its first quarter 2022 financial results conference call on Thursday, May 5th at 1:00 p.m. Eastern Time . The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10164563/f1eff7c58f. Callers who pre-register will be given a [...]
California Resources Corporation reported fourth quarter and full year 2021 operational and financial results. "2021 was a transformative year for CRC. We optimized our portfolio, maintained operational excellence, generated record free cash flow and advanced our Carbon Management Business," said Mac McFarland, President and Chief Executive Officer. "Our strong execution throughout the year and excellent financial results [...]
California Resources Corp. announced today that it will host its fourth quarter and full year 2021 financial results conference call on Thursday, February 24th at 1:00 p.m. Eastern Time . The Company's earnings will be released before market open on the same date. We encourage participants to pre-register for the conference call using the following link https://dpregister.com/sreg/10162383/f019f7b40d. Callers who [...]
California Resources Corp. received an A- from CDP for its 2021 climate disclosure, securing a top score at CDP's Leadership Level for the third year in a row. Once again, CRC received the highest ranking among all U.S. oil and gas companies, tying for first with one other U.S.-based E&P with global operations. Scoring at CDP's Leadership Level for three years in a row further highlights CRC's value as a differentiated [...]
California Resources Corp. announced today that certain Company executives will be participating in the following virtual and in-person events in December 2021 and January 2022: Cowen's Virtual 2021 Energy Summit on December 1-3, 2021 Pickering Energy Partners' Technology, Energy & Mobility Festival on December 14-15, 2021, Austin, TX Goldman Sachs' Global Energy and Clean Technology Conference on January 5-6, 2022 [...]
California Resources Corporation , an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2021 operational and financial results. "Third quarter results continued to reflect strong operational performance and represented our best quarter this year in terms of free cash flow generation. These financial results enabled CRC to further enhance our shareholder [...]
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