Comparing the current results to its competitors, California Resources reported Revenue increase in the 2 quarter 2026 by 32.62 % year on year. The revenue growth was below California Resources's competitors' average revenue growth of 35.21 %, achieved in the same quarter.
California Resources Corp Net Income in the 2 quarter 2026 grew year on year by 198.84%, faster than the California Resources's competitors average income growth of 44.09 %
California Resources's Comment on Competition and Industry Peers
We have many competitors (including international competitors exporting to
California), some of which are larger and better funded, may be willing to accept
greater risks or have special competencies. We compete for services to profitably
develop our assets, to find or acquire additional reserves, to sell our production
and to find and retain qualified personnel. Historically higher commodity prices
intensify competition for drilling and workover rigs, pipe, other oil field
equipment and personnel. Over the longer term, competition for reserves can
increase costs for, or delay, reserves replacement. We compete on the basis
of costs, our inventory of drilling opportunities, access to capital, efficiency
of capital allocation and other factors.
October 5, 2024
California Resources Corporation and the Los Angeles Rams: Teaming Up for a Sustainable FutureIn an age where climate change poses an existential threat to our planet, innovative partnerships are essential for driving meaningful action. Recently, California Resources Corporation (CRC) and the Los Angeles Rams announced their collaboration on an ambitious initiative dubbed Football Without the Footprint. This groundbreaking carbon management initiative aims to significantly curtail carbon emissions associated with the team s operations while simultaneously investing in local communities. A Vision for Sustainability in SportsThe Football Without the Footprint initiative is not just a buzzword; it represents ...
August 6, 2024
Carbon TerraVault s Promising Trajectory: A Comprehensive Update Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), continues to be at the forefront of carbon management in California, focusing on carbon capture and sequestration (CCS) projects. These projects are strategically located to manage significant sources of carbon dioxide (CO2) emissions, contributing significantly to reducing the state s overall carbon footprint. The following is an outline of their quarterly and annual advancements, as well as the broader implications for the company. Second Quarter 2024 Progress In the second quarter of 2024, CTV has made substantial progress. The company s CC...
July 1, 2024
California Resources Corporation Completes Combination with Aera Energy LONG BEACH, Calif. California Resources Corporation (NYSE: CRC) has officially finalized its all-stock merger with Aera Energy, LLC (Aera). This significant corporate move was sanctioned by CRC shareholders in a special meeting conducted on June 26, 2024, where the necessary stock issuance to close the merger was overwhelmingly approved. CRC has expressed enthusiasm in welcoming Aera’s seasoned team, which comes with decades of experience and a history of successful endeavors.This merger marks a pivotal moment for CRC, potentially bolstering its operational capabilities and resource portfolio. The acquired expertise from Aera is expe...
February 27, 2024
In a recent announcement, Carbon TerraVault (CTV) provided an update on its 2023 operations. Conducting its carbon management business through California Resources Corporation (CRC), CTV aims to pursue projects that capture and sequester carbon dioxide (CO2) emissions in close proximity to significant sources in California. As the year progresses, Carbon TerraVault has made significant strides in expanding its carbon management business.During the third quarter of 2023, California Resources Corporation reported a drastic decline in revenue, which stood at -59.11% year-on-year. This outcome surpassed the general decline recorded by CRC s competitors, which stood at -20.8% for the corresponding period. A close...
Publicly Traded Peers of California Resources Corp
Continental Resources Inc Share Performance
+50.04%
One Year
Continental Resources Inc
Profile
Continental Resources Inc is an energy exploration and production company that primarily focuses on the exploration, development, and production of oil and natural gas reserves. They operate through the acquisition of drilling rights and properties, investing in technology and efficiency measures, and leveraging their expertise to maximize production and profitability.
Empire Petroleum Corporation operates as an independent fuel distributor and convenience store retailer. They focus on acquiring, leasing, and expanding fuel stations across various regions in the United States. Their business model revolves around providing high-quality petroleum products to customers and generating revenue through fuel sales, retail merchandise, and food service offerings at their convenience stores.
Devon Energy Corp is an independent exploration and production company focused on acquiring, exploring, and developing oil and natural gas reserves. Their business model centers on discovering and extracting energy resources, then monetizing these reserves through production and sales.
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.
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