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California Resources Corp (NYSE: CRC) |
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Price: $53.0300
$0.80 
1.532%
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| Day's High:
| $53.529998779296875
| Week Perf:
| 2.63 %
|
| Day's Low: |
$ 52.20 |
30 Day Perf: |
0.78 % |
| Volume (M): |
533,798 |
52 Wk High: |
$ 71.98 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$54.54 |
| Open: |
$53.16 |
52 Wk Low: |
$43.24 |
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| Market Capitalization (Millions $) |
4,736 |
| Shares
Outstanding (Millions) |
89 |
| Employees |
1,550 |
| Revenues (TTM) (Millions $) |
3,195 |
| Net Income (TTM) (Millions $) |
-121 |
| Cash Flow (TTM) (Millions $) |
-32 |
| Capital Exp. (TTM) (Millions $) |
344 |
Business Description
We are an independent oil and natural gas exploration and production company operating
properties within the state of California. We were incorporated in Delaware as
a wholly owned subsidiary of Occidental on April 23, 2014, and remained a wholly
owned subsidiary of Occidental until November 30, 2014. As of November 30, 2014,
all material existing assets, operations and liabilities of Occidentals California
business were consolidated under us. On November 30, 2014, Occidental distributed
shares of our common stock on a pro rata basis to Occidental stockholders and
we became an independent, publicly traded company (the Spin-off).
Company Address: 1 World Trade Center Long Beach 90831 CA
Company Phone Number: 848-4754 Stock Exchange / Ticker: NYSE CRC
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Customers Net Income grew by |
CRC's Customers Net Profit Margin fell to |
13.49 % |
8.03 %
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| Stock Performances by Major Competitors |
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| Product Service News
Published Mon, Jan 6 2025 2:17 PM UTC
In a significant stride towards combating climate change, California Resources Corporation (CRC) has officially approved the state s first carbon capture and storage (CCS) project at its Elk Hills cryogenic gas plant in Kern County. This groundbreaking initiative signifies a major development in California s efforts to transition to a more sustainable energy landscape while ...
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| Business Update
Published Mon, Dec 30 2024 9:59 AM UTC
LONG BEACH, Calif. & 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-l...
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| Business Update
Published Mon, Oct 7 2024 12:47 AM UTC
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 pro...
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| Business Update
Published Sat, Oct 5 2024 7:47 AM UTC
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 F...
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| Business Update
Published Fri, Oct 4 2024 2:47 PM UTC
California Resources Corporation and Los Angeles Rams Kick Off Football Without the Footprint Carbon Management InitiativeIn an innovative partnership that bridges sports and sustainability, California Resources Corporation (NYSE: CRC) has joined forces with the Los Angeles Rams to launch the groundbreaking initiative, “Football Without the Footprint.” This exciting v...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
-1.36 $ |
| Revenues (TTM) |
35.78 $
|
| Cash Flow (TTM) |
- |
| Cash |
0.63 $
|
| Book Value |
38.1 $
|
| Dividend (TTM) |
1.59 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
2,061,290 |
| Net
Income per Employee (TTM) |
-78,065 |
| Receivable Turnover Ratio (TTM) |
9.03 |
| Inventory Turnover Ratio (TTM) |
1.84 |
| Asset Turnover Ratio (TTM) |
0.45 |
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| Per Share |
|
| Earnings (TTM) |
-1.36 $
|
| Revenues (TTM) |
35.78 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.63 $
|
| Book Value |
38.1 $ |
| Dividend (TTM) |
1.59 $ |
|
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| Oil and Natural Gas |
|
 152.89 % |
of total Revenue |
| Reportable |
|
152.97 % |
of total Revenue |
| Corporate and Eliminations |
|
-43.79 % |
of total Revenue |
| Carbon Management |
|
0.08 % |
of total Revenue |
| Oil and Condensate |
|
1.85 % |
of total Revenue |
| Natural Gas, Production |
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2.85 % |
of total Revenue |
| Propane |
|
0.46 % |
of total Revenue |
| Reportable Legal Entities |
|
112.8 % |
of total Revenue |
| Consolidation, Eliminations |
|
-5.94 % |
of total Revenue |
| Marketing of Purchased Commodities |
|
5.17 % |
of total Revenue |
| Sale of Electricity |
|
1.31 % |
of total Revenue |
| Product and Service, Other |
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1.08 % |
of total Revenue |
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On January 4 2024 the California Resources provided following guidance
revision:
California Resources Corporation (NYSE: CRC), a leading energy company based in Long Beach, California, recently provided updated guidance for its fourth quarter of 2023. The company expects to report strong results, with estimated free cash flow ranging between $40 to $60 million. This positive outlook can be attributed to higher margins earned from natural gas marketing activities and reduced investments in carbon capture and storage (CCS) related subsurface land easements.
CRC's increased profitability in the fourth quarter of 2023 is primarily driven by its successful natural gas marketing activities, which have resulted in improved margins. Additionally, the company's strategy to...
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1.53% 