California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Real-time Estimate Cboe BZX Other stock markets 07:28:10 29/05/2024 pm IST			5-day change	1st Jan Change
46.98 ^USD	-1.90%		-0.17%	-13.48%

25/05	California Resources Insider Sold Shares Worth $8,476,476, According to a Recent SEC Filing	MT
21/05	California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes	CI

California Resources Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

May 08, 2024 at 02:00 am IST

California Resources Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 454 million compared to USD 1,024 million a year ago. Net loss was USD 10 million compared to net income of USD 301 million a year ago.

Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 4.22 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 4.09 a year ago.

Latest news about California Resources Corporation

California Resources Insider Sold Shares Worth $8,476,476, According to a Recent SEC Filing	25/05	MT
California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes	22/05	CI
Sector Update: Energy Stocks Fall in Late Monday Afternoon Trading	21/05	MT
Sector Update: Energy Stocks Decline in Monday Afternoon Trading	20/05	MT
Sector Update: Energy	20/05	MT
California Resources Plans $500 Million Notes Offering	20/05	MT
Mizuho Adjusts Price Target on California Resources to $64 From $63, Maintains Buy Rating	13/05	MT
Transcript : California Resources Corporation, Q1 2024 Earnings Call, May 08, 2024	08/05
California Resources Q1 Adjusted Earnings, Operating Revenue Fall	08/05	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 EPS $0.75	08/05	MT
Earnings Flash (CRC) CALIFORNIA RESOURCES CORPORATION Reports Q1 Revenue $454M, vs. Street Est of $471M	08/05	MT
Tranche Update on California Resources Corporation's Equity Buyback Plan announced on May 13, 2021.	08/05	CI
California Resources Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	08/05	CI
California Resources Corporation Announces Board Changes	08/05	CI
California Resources Corporation Provides Production Guidance for the Second Quarter and Full Year of 2024	08/05	CI
California Resources Corporation Declares a Quarterly Cash Dividend, Payable on June 14, 2024	08/05	CI
Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating	23/04	MT
Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target	10/04	MT
Mizuho Securities Adjusts Price Target on California Resources to $63 From $69, Maintains Buy Rating	22/03	MT
Stifel Cuts Price Target on California Resources to $68 From $72, Maintains Buy Rating	22/03	MT
California Resources Corporation Enters into Third Amendment to Amended and Restated Credit Agreement	12/03	CI
Roth MKM Cuts Price Target on California Resources to $56 From $58, Keeps Buy Rating	11/03	MT
Sector Update: Energy Stocks Mixed in Late Afternoon Trading	09/03	MT
Sector Update: Energy Stocks Narrowly Mixed in Friday Afternoon Trading	09/03	MT
California Resources Still Plans to Execute Capital, Drilling Programs	08/03	MT

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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

01/08/2024 - 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

47.89 USD

Average target price

63 USD

Spread / Average Target

+31.55%

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EPS Revisions

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