Stock CRC CALIFORNIA RESOURCES CORPORATION
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Company California Resources Corporation

Equities

CRC

US13057Q3056

Oil & Gas Exploration and Production

Real-time Estimate Cboe BZX
Other stock markets
 18:30:01 03/05/2024 BST 		5-day change 1st Jan Change
51.46 USD -0.08% Intraday chart for California Resources Corporation -5.94% -5.56%
04-23 Stifel Adjusts Price Target on California Resources to $69 From $68, Maintains Buy Rating MT
04-10 Barclays Initiates Coverage on California Resources With Equalweight Rating, $62 Price Target MT

Business Summary

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.

Number of employees: 970

Sales per Business

USD in Million2022Weight2023Weight Delta
Oil
71.2 %
1,968 74.5 % 1,534 71.2 % -22.05%
Natural Gas
19.6 %
411 15.6 % 423 19.6 % +2.92%
Natural Gas Liquids
9.2 %
264 10.0 % 198 9.2 % -25.00%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
2,643 100.0 % 2,155 100.0 % -18.46%

Managers

Managers TitleAgeSince
Francisco Leon CEO
 Chief Executive Officer 47 31/12/07
Nelly Molina Peralta DFI
 Director of Finance/CFO 52 07/05/23
Omar Hayat COO
 Chief Operating Officer 48 31/03/23
Mark McFarland BRD
 Director/Board Member 54 26/10/20
Joanna Park IRC
 Investor Relations Contact - -
Chris Gould PRN
 Corporate Officer/Principal - 13/06/21
Jay Bys PRN
 Corporate Officer/Principal - -
Noelle Repetti AUD
 Comptroller/Controller/Auditor 55 -
Michael Preston LAW
 General Counsel 59 31/12/13

Members of the board

Members of the board TitleAgeSince
James Chapman BRD
 Director/Board Member 61 26/10/20
Tiffany Cepak CHM
 Chairman 51 26/10/20
Mark McFarland BRD
 Director/Board Member 54 26/10/20
Alejandra Veltmann BRD
 Director/Board Member 55 13/12/21
William Roby BRD
 Director/Board Member 64 26/10/20
Francisco Leon CEO
 Chief Executive Officer 47 31/12/07
Nicole Brady BRD
 Director/Board Member 43 04/08/21
Andrew Bremner BRD
 Director/Board Member 33 31/12/20

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 84,138,333 68,739,471 ( 81.70 %) 14,863,915 ( 17.67 %) 81.70 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.07 %
10,441,477 15.07 % 575 M $
Vanguard Fiduciary Trust Co.
11.20 %
7,756,240 11.20 % 427 M $
JB Investors LLC
9.018 %
6,246,865 9.018 % 344 M $
Kimmeridge Energy Management Co., LLC
5.050 %
3,498,554 5.050 % 193 M $
Dimensional Fund Advisors LP
4.764 %
3,299,902 4.764 % 182 M $
STATE STREET CORPORATION
4.580 %
3,172,742 4.580 % 175 M $
LSV Asset Management
4.512 %
3,125,466 4.512 % 172 M $
Fidelity Management & Research Co. LLC
4.482 %
3,104,943 4.482 % 171 M $
Ares Management LLC
3.897 %
2,699,385 3.897 % 149 M $
Pacer Advisors, Inc.
2.837 %
1,965,476 2.837 % 108 M $
NameEquities%Valuation
Skaana Management LP
-
738,057 - 14 M $
Capital Research & Management Co. (Fixed Income Investors)
-
16,108 - 315 072 $
Apollo Credit Management LLC
-
1,368 - 26 758 $
Nomura Corporate Research & Asset Management, Inc.
-
66 - 1 291 $
FMR Investment Management (UK) Ltd.
-
0 - - $

Company contact information

California Resources Corp.

1 World Trade Center Suite 1500

90831, Long Beach

+888 848 4754

http://www.crc.com
address California Resources Corporation(CRC)

Group companies

NameCategory and Sector
CRC Marketing, Inc.
California Resources Development JV LLC
Logo California Resources Development JV LLC

California Resources Development JV LLC

Financial ConglomeratesFinance

Part of California Resources Corp., California Resources Development JV LLC provides investment services. The private company is based in Los Angeles, CA.

Financial Conglomerates

Sector

Energy
Energy - Fossil Fuels
Oil & Gas
Oil & Gas Exploration and Production
Other Oil & Gas Exploration and Production

Sales per Business

Ratings for California Resources Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
51.5 USD
Average target price
63 USD
Spread / Average Target
+22.33%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Other Oil & Gas Exploration and Production
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