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California Resources/$CRC

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About California Resources

California Resources Corp is an independent oil and natural gas exploration and production company. The company has operations spread across different properties in several oil and gas exploration basins in California and Utah, such as the Midway-Sunset, South Belridge, and McKittrick fields, in the San Joaquin Basin, and other properties located in Los Angeles, Sacramento, Uinta, and the Ventura and Salinas basins. Additionally, the company is focused on maximizing the value of its land, mineral ownership, and energy expertise for decarbonization by developing carbon capture and storage (CCS) and other emissions-reducing projects. Its business is organized into two reporting segments: oil and natural gas, which generate maximum revenue, and carbon management.
Ticker
$CRC
Sector
Energy
Primary listing
NYSE
Employees
2,500

CRC Metrics

BasicAdvanced
$4B
-
-$5.70
0.95
$1.62
3.55%

What the Analysts think about CRC

Analyst ratings (Buy, Hold, Sell) for California Resources stock.
Analyst projections of the future price of California Resources stock.

Bulls say / Bears say

CRC generated $147 million of free cash flow in the third quarter and returned $66 million through dividends and buybacks, while raising its quarterly dividend by 4%. That cash generation supports the case for continued shareholder returns. (California Resources Corporation)
Production rose to 152,000 barrels of oil equivalent a day in the third quarter and adjusted EBITDAX exceeded guidance. CRC also reported $103 million of annualised merger savings ahead of schedule and cut its long-term California maintenance-capital outlook by about 5%. (California Resources Corporation, California Resources Corporation)
CRC has begun storing CO₂ and generating revenue at California’s first operational carbon-capture project, while a new Bloom Energy agreement explores at least 1 GW of power generation paired with carbon storage. If developed, these projects could create growth beyond conventional oil and gas. (California Resources Corporation, California Resources Corporation)
Hedging weighed heavily on reported results: CRC posted a $315 million third-quarter net loss, including a $540 million non-cash fair-value loss on derivatives. Its realised oil price was $72.46 a barrel after derivative settlements, versus $83.42 before them. (California Resources Corporation)
Operating costs rose to $386 million in the third quarter from $347 million in the second, as natural gas used in steamflood operations became more expensive and workover activity increased. Further cost pressure could erode the benefit of CRC’s efficiency gains. (California Resources Corporation)
A court set aside Kern County’s approval of CRC’s Carbon TerraVault I project, citing gaps in its environmental review. The ruling creates legal and operational uncertainty for a flagship growth project; CRC says the effect on existing operations is uncertain. (gasworld, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.

CRC Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

CRC Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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