California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Market Closed - Nyse Other stock markets 16:00:02 2024-05-10 EDT			5-day change	1st Jan Change
48.78 ^USD	-2.81%		-5.61%	-10.79%

05-08	Transcript : California Resources Corporation, Q1 2024 Earnings Call, May 08, 2024
05-08	California Resources Q1 Adjusted Earnings, Operating Revenue Fall	MT

California Resources Corporation Provides Consolidated Production Guidance for the Third Quarter and Full Year 2023

July 31, 2023 at 05:01 pm

California Resources Corporation provided consolidated production guidance for the third quarter and full year 2023. For the third quarter, the company expects net total production to be 86 MBoe/d - 88 MBoe/d and net Oil production to be 52 MBbl/d - 54 MBbl/d.

For year, the company expects net total production to be 85 MBoe/d - 91 MBoe/d and net Oil production to be 51 MBbl/d - 55 MBbl/d.

Latest news about California Resources Corporation

Transcript : California Resources Corporation, Q1 2024 Earnings Call, May 08, 2024	05-08
California Resources Q1 Adjusted Earnings, Operating Revenue Fall	05-08	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 EPS $0.75	05-07	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 Revenue $454M, vs. Street Est of $471M	05-07	MT
California Resources Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	05-07	CI
California Resources Corporation Announces Board Changes	05-07	CI
California Resources Corporation Provides Production Guidance for the Second Quarter and Full Year of 2024	05-07	CI
California Resources Corporation Declares a Quarterly Cash Dividend, Payable on June 14, 2024	05-07	CI
Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating	04-23	MT
Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target	04-10	MT
Mizuho Securities Adjusts Price Target on California Resources to $63 From $69, Maintains Buy Rating	03-22	MT
Stifel Cuts Price Target on California Resources to $68 From $72, Maintains Buy Rating	03-22	MT
California Resources Corporation Enters into Third Amendment to Amended and Restated Credit Agreement	03-11	CI
Roth MKM Cuts Price Target on California Resources to $56 From $58, Keeps Buy Rating	03-11	MT
Sector Update: Energy Stocks Mixed in Late Afternoon Trading	03-08	MT
Sector Update: Energy Stocks Narrowly Mixed in Friday Afternoon Trading	03-08	MT
California Resources Still Plans to Execute Capital, Drilling Programs	03-08	MT
RBC Cuts Price Target on California Resources to $65 From $70 Amid Uncertainty Over Oil & Gas Permit, Keeps Outperform Rating	03-08	MT
Transcript : California Resources Corporation, Q4 2023 Earnings Call, Feb 28, 2024	02-28
California Resources Q4 Earnings Fall, Revenue Rises; Dividend Maintained	02-27	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Posts Q4 Revenue $726M, vs. Street Est of $557.8M	02-27	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Posts Q4 EPS $0.93	02-27	MT
California Resources Corporation Provides Production Guidance for the First Quarter and Full Year of 2024	02-27	CI
California Resources Corporation Declares Quarterly Cash Dividend, Payable on March 18, 2024	02-27	CI
California Resources Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	02-27	CI

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Company Profile

California Resources Corporation is an independent energy and carbon management company committed to energy transition. It produces the lowest carbon intensity oil in the United States. It is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. It holds substantially all the working, surface and mineral interests in the Elk Hills field, which is its largest producing asset in the San Joaquin basin, and has a large ownership interest in several other oil fields located in the San Joaquin basin, including Buena Vista and Coles Levee. The Los Angeles Basin is a northwest-trending plain about 50 miles long and 20 miles wide.

Sector

Oil & Gas Exploration and Production

Calendar

2024-07-31 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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Ratings for California Resources Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

48.78 USD

Average target price

63 USD

Spread / Average Target

+29.15%

Consensus

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