California Resources's Corporate Customers have recorded a growth in their cost of revenue by 67.54 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 25.98 %. During the corresponding time, California Resources Corp recorded a revenue increase by 32.62 % year on year, sequentially revenue grew by 989.92 %. While revenue at the California Resources Corp's corporate clients recorded rose by 36.04 % year on year, sequentially revenue grew by 17.53 %.
California Resources's Customers have recorded a growth in their cost of revenue by 67.54 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 25.98 %, for the same period California Resources Corp recorded revenue increase by 32.62 % year on year, sequentially revenue grew by 989.92 %.
California Resources's Comment on Sales, Marketing and Customers
We sell our crude oil, natural gas and NGLs production to marketers, California
refineries and other purchasers that have access to transportation and storage
facilities. Our marketing of crude oil, natural gas and NGLs can be affected
by factors that are beyond our control, and which cannot be accurately predicted.
Phillips 66 Company, Tesoro Refining & Marketing Company LLC, Valero Marketing
& Supply Company and Shell Trading (US) Company each accounted for at least
10%, and, collectively, 67% of our revenue.
LONG BEACH, Calif. and DURHAM, N.C. In a significant development that underscores the growing commitment to sustainable energy practices, California Resources Corporation (NYSE: CRC) and Net Power Inc. (NYSE: NPWR) have recently initiated a collaborative effort with the signing of a Memorandum of Understanding (MOU). This partnership seeks to establish Net Power’s ultra-low emissions power plants in California, aligned with Carbon TerraVault’s (CTV) ambitious carbon management initiatives. These advances come at a pivotal time for California Resources Corporation, which is navigating the complexities of fluctuating market dynamics and varying performance outcomes within its diverse clientele. Explorin...
California Resources Corporation and Los Angeles Rams Launch Innovative Carbon Management Initiative: Football Without the Footprint LONG BEACH, Calif. In a landmark collaboration, California Resources Corporation (NYSE: CRC) has partnered with the Los Angeles Rams to introduce an innovative carbon management initiative termed Football Without the Footprint. This unique program is set to enable the Rams to significantly reduce or offset carbon emissions stemming from their operations in the upcoming years, reflecting a growing commitment within sports organizations to sustainability and environmental stewardship.The initiative isn t limited to carbon management. It also encompasses substantial investments i...
California Resources Corporation Announces Tender Offer for Senior Notes Amid Positive Performance In a strategic move to optimize its financial structure, California Resources Corporation (CRC) recently announced a tender offer for certain of its 7.125% Senior Notes due 2026. This announcement comes as the company experiences a notable uptick in its stock performance, outperforming the broader market with a strong 3.43% increase this month.The tender offer is aimed at repurchasing outstanding senior notes, which may indicate CRC s intention to reduce its debt burden and enhance its liquidity. By managing its debt levels effectively, the company can potentially allocate more resources towards growth initiati...
California Resources Corporation: Strategic Moves Amid Industry Challenges California Resources Corporation (CRC), a leading player in California s oil and gas sector, is making strategic strides as it navigates a dynamic market landscape. Recently, the company announced early tender results for a cash tender offer to purchase up to $300 million of its outstanding 7.125% senior notes due in 2026. This tender offer is part of CRC s broader financial strategy aimed at optimizing its capital structure and reducing its debt obligations.The tender offer, launched on August 8, 2024, reflects CRC s proactive approach to managing its financial commitments while enhancing liquidity. With a keen understanding of marke...
LONG BEACH, Calif. - Carbon TerraVault (CTV) has started strong in the first quarter of 2024 following up on its parent company, California Resources Corporation s (CRC) growth in the previous year. Despite underperforming markets and sector revenue declines, CTV and CRC have managed to find footing in the carbon management industry, marking a relatively impressive slant in their financial performances.The first quarter of 2024 has seen CTV continue its diligent work within local communities and stakeholder enclaves, focusing on the development and implementation of carbon capture and sequestration (CCS) projects. These key initiatives are directly or potentially located within close proximity to significant...
This groundbreaking development signifies a major advancement in the realm of sustainable management of greenhouse gases, especially CO2, a key contributor to earth s rising temperatures. However, despite this promising development, the Q3 financial performance of the California Resources Corporation casts a shadow over the corporation’s accomplishment. The period saw their corporate clients experiencing a significant deterioration in their costs of revenue by -17.77%, in comparison to the previous year, and sequentially their costs of revenue experienced an increase of 11.3%.In the same time frame, California Resources Corp’s revenue suffered a stark reduction of -59.11% year on year, with their quarter...
California Resources’s Comment on Sales, Marketing and Customers
We sell our crude oil, natural gas and NGLs production to marketers, California
refineries and other purchasers that have access to transportation and storage
facilities. Our marketing of crude oil, natural gas and NGLs can be affected
by factors that are beyond our control, and which cannot be accurately predicted.
Phillips 66 Company, Tesoro Refining & Marketing Company LLC, Valero Marketing
& Supply Company and Shell Trading (US) Company each accounted for at least
10%, and, collectively, 67% of our revenue.
Sources:
California Resources Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: California Resources Corp’s corporate clients.
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