California Resources Corporation (CRC)

NYSE: CRC · Real-Time Price · USD
44.51
+0.52 (1.18%)
At close: Mar 26, 2025 - Market closed
1.18%
Market Cap 4.04B
Revenue (ttm) 2.93B
Net Income (ttm) 376.00M
Shares Out 90.78M
EPS (ttm) 4.62
PE Ratio 9.63
Forward PE 12.40
Dividend $1.55 (3.48%)
Ex-Dividend Date Mar 10, 2025
Volume 576,603
Open 44.39
Previous Close 43.99
Day's Range 44.22 - 45.51
52-Week Range 38.02 - 60.41
Beta 1.48
Analysts Strong Buy
Price Target 67.08 (+50.71%)
Earnings Date Mar 3, 2025

About CRC

California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. It also provides Carbon TerraVault which build, install, operate, and maintain CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates... [Read more]

Sector Energy
Founded 2014
Employees 1,550
Stock Exchange NYSE
Ticker Symbol CRC
Full Company Profile

Financial Performance

In 2024, California Resources's revenue was $2.93 billion, an increase of 5.70% compared to the previous year's $2.77 billion. Earnings were $376.00 million, a decrease of -33.33%.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for CRC stock is "Strong Buy." The 12-month stock price forecast is $67.08, which is an increase of 50.71% from the latest price.

Price Target
$67.08
(50.71% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

California Resources Faces Permit Challenges And Oversupply Risks—Analyst Sees Growth, But Stay Cautious

J.P. Morgan analyst Alejandra Magana maintained a Neutral rating on California Resources Corporation CRC with a price forecast of $63.

12 days ago - Benzinga

California Resources Corporation (CRC) Q4 2024 Earnings Call Transcript

California Resources Corporation (NYSE:CRC) Q4 2024 Earnings Conference Call March 3, 2025 1:00 PM ET Company Participants Joanna Park - VP, IR & Treasurer Francisco Leon - CEO, President & Director ...

23 days ago - Seeking Alpha

California Resources Reports Fourth Quarter and Full Year 2024 Financial and Operating Results

Achieves Meaningful Capital Efficiency Improvements and Significant Cost Reductions Following Aera Merger LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:...

23 days ago - GlobeNewsWire

Carbon TerraVault Provides 2024 Update

Signs Carbon Management MOU 1 with National Cement for California's First Net Zero Cement Facility LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbo...

23 days ago - GlobeNewsWire

Carbon TerraVault and National Cement Sign MOU for California's First Net Zero Cement Facility

Carbon TerraVault Expects to Transport and Sequester up to 1 Million Metric Tons of CO 2 Emissions Annually LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYS...

23 days ago - GlobeNewsWire

California Resources Corporation Announces $100,000 Donation to Southern California Wildfire Relief and Recovery Efforts

LONG BEACH, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC), an independent energy and carbon management company, today announced a total contribution of $100,00...

7 weeks ago - GlobeNewsWire

California Resources Corporation Schedules Fourth Quarter and Full Year 2024 Earnings Conference Call

LONG BEACH, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) plans to release its fourth quarter and full year 2024 financial results on Monday, March 3rd before ...

2 months ago - GlobeNewsWire

CRC Approves California's First Carbon Capture and Storage Project

Project to Capture and Store up to 100 Thousand Metric Tons of CO 2 Annually From the Elk Hills Cryogenic Gas Plant LONG BEACH, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- California Resources Corporati...

2 months ago - GlobeNewsWire

CRC's Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California

Represents Nation's First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas Fields LONG BEACH, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) an...

3 months ago - GlobeNewsWire

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 ...

3 months ago - GlobeNewsWire

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...

Other symbols: NPWR
3 months ago - Business Wire

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...

3 months ago - Business Wire

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 ...

5 months ago - Seeking Alpha

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.

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

5 months ago - GlobeNewsWire

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...

6 months ago - GlobeNewsWire

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...

6 months ago - Business Wire

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...

7 months ago - Business Wire

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...

Other symbols: PACS
7 months ago - Business Wire

5 market sectors and 9 stocks to keep on your radar in September

September is the market's cruelest month — except in presidential election years.

Other symbols: ALLBPCTRAIMOTTEXOM
7 months ago - Market Watch

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...

7 months ago - Business Wire

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...

7 months ago - Business Wire

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.

7 months ago - Benzinga