California Resources Corporation (CRC)
| Market Cap | 4.64B |
| Revenue (ttm) | 2.59B |
| Net Income (ttm) | 531.00M |
| Shares Out | 91.71M |
| EPS (ttm) | 6.96 |
| PE Ratio | 7.26 |
| Forward PE | 11.68 |
| Dividend | $1.40 (2.76%) |
| Ex-Dividend Date | Dec 2, 2024 |
| Volume | 676,528 |
| Open | 49.87 |
| Previous Close | 50.98 |
| Day's Range | 49.87 - 51.48 |
| 52-Week Range | 43.09 - 60.41 |
| Beta | 1.44 |
| Analysts | Strong Buy |
| Price Target | 65.25 (+29.06%) |
| Earnings Date | Nov 5, 2024 |
About CRC
California Resources Corporation operates as an independent oil and natural gas exploration and production, and carbon management company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the wholesale power market and utility sector; and developing various carbon capture and storage projects in California... [Read more]
Financial Performance
In 2023, California Resources's revenue was $2.77 billion, a decrease of -14.01% compared to the previous year's $3.22 billion. Earnings were $564.00 million, an increase of 7.63%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for CRC stock is "Strong Buy." The 12-month stock price forecast is $65.25, which is an increase of 29.06% from the latest price.
News
California Resources Corporation Announces January Investor Conference Participation
LONG BEACH, Calif., Dec. 16, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC), an independent energy and carbon management company committed to energy transition, announced today ...
Carbon TerraVault and Net Power Sign MOU to Develop Low Carbon, Reliable Power Solutions in California
LONG BEACH, Calif. & DURHAM, N.C.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC), and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a Memorand...
Voltu Motor Meets California Resources Board Permissions to Commercialize Zero Carbon Class 3 Trucks
RIVERSIDE, Calif.--(BUSINESS WIRE)--Voltu Motor, a pioneering manufacturer of zero-emission commercial vehicles, has received approval from the California Air Resources Board (CARB) to commercialize i...
California Resources Corporation (CRC) Q3 2024 Earnings Call Transcript
California Resources Corporation (NYSE:CRC) Q3 2024 Earnings Conference Call November 6, 2024 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Francisco ...
California Resources Reports Third Quarter 2024 Financial and Operating Results
LONG BEACH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today reported financial and operating results for the third quarter of 2024.
Carbon TerraVault Provides Third Quarter 2024 Update
Received Kern County Board of Supervisors' Conditional Use Permits Approval for CTV I CCS project Signed a Brownfield MOU for up to ~1.5 MMTPA of CO 2 Emissions LONG BEACH, Calif., Nov. 05, 2024 (GLOB...
California Resources Corporation Releases 2023 Sustainability Report Detailing a Year of Progress on Sustainability Initiatives
LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its 2023 Sustainability Report detailing the Company's sustainabil...
Kern County Board of Supervisors Advance CRC's Carbon TerraVault I Project
LONG BEACH, Calif., Oct. 21, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault, today announced the Kern County Board of Super...
California Resources Corporation Schedules Third Quarter 2024 Earnings Conference Call
LONG BEACH, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its third quarter 2024 financial results on Tuesday, November 5th after market close...
Sage Geosystems, Inc. and California Resources Corporation Announce Strategic Partnership for Subsurface Energy Storage and Geothermal Power Generation in California
LONG BEACH, Calif. & HOUSTON--(BUSINESS WIRE)-- #CRC--Sage Geosystems, Inc. (Sage) and California Resources Corporation (NYSE: CRC) today announced the signing of a Memorandum of Understanding (MOU) t...
California Resources Corporation Announces CTV I Elk Hills Community Benefits Plan
LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC), an independent energy and carbon management company, today announced the launch of its Carbon TerraVault I (CT...
FDA Grants 510(k) Clearance to Sonic Incytes' Velacur® Determined Fat Fraction (VDFF), a breakthrough for patients with MASLD and MASH
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sonic Incytes Medical Corp, a leader in point-of-care ultrasound, proudly announces that the U.S. Food and Drug Administration (FDA) has granted 510(k) cl...
California Resources Corporation Announces Consideration for Tender Offer for Certain of its 7.125% Senior Notes due 2026
LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) (the “Company”) today announced the consideration payable as set forth in the table below in respect of the pre...
California Resources Corporation Announces Early Tender Results of Tender Offer for Certain of its 7.125% Senior Notes due 2026
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) today announced the early tender results in respect of the previously announced cash tender offer (the...
California Resources Has 'Unique Exposure' To Meet Power Demand, Says Bullish Analyst On Heels Of Aera Merger
Last month, California Resources Corp CRC completed its all-stock merger with Aera Energy, in a deal valued at $2.1 billion.
California Resources Corporation Announces Increase to Previously Announced Cash Tender Offer for up to $300 Million of its 7.125% Senior Notes due 2026
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) previously announced the commencement of a cash tender offer (the “Tender Offer”) to purchase up to $2...
California Resources Corporation Announces Pricing of Upsized Private Offering of $300 Million of Additional 8.250% Senior Unsecured Notes due 2029
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the pricing of an upsized private offering of $300 million in aggregate principal amou...
California Resources Corporation Announces Cash Tender Offer for up to $200 Million of its 7.125% Senior Notes due 2026
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the commencement of a cash tender offer (the “Tender Offer”) to purchase up to $200 mi...
California Resources Corporation Announces Private Offering of Additional 8.250% Senior Unsecured Notes due 2029
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today that, subject to market and other conditions, it intends to offer and sell to eligible...
California Resources Corporation (CRC) Q2 2024 Earnings Call Transcript
California Resources Corporation (NYSE:CRC) Q2 2024 Earnings Conference Call August 7, 2024 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations & Treasurer Francisco Leon...
California Resources Reports Second Quarter 2024 Financial and Operating Results
LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the second quarter of 2024. The Company plans to host a conf...
Carbon TerraVault Provides Second Quarter 2024 Update
LONG BEACH, Calif.--(BUSINESS WIRE)-- #CCS--Carbon TerraVault Holdings, LLC (CTV) today provided a second quarter 2024 update. California Resources Corporation (NYSE: CRC) conducts its carbon manageme...
California Resources Corporation Schedules Second Quarter 2024 Earnings Conference Call
LONG BEACH, Calif.--(BUSINESS WIRE)-- #2Q24Results--California Resources Corporation (NYSE: CRC) plans to release its second quarter 2024 financial results on Tuesday, August 6th after market close. T...
California Resources Corporation Completes Combination with Aera Energy
LONG BEACH, Calif.--(BUSINESS WIRE)-- #California--California Resources Corporation (NYSE: CRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance o...