California Resources Corporation (CRC)
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]
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 StatementsAnalyst 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.
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.

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 ...

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:...

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...

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...

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...

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 ...

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...

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...

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.