California Resources Corp. and Berry Corp. jointly announced today their entry into a definitive agreement to combine in an all-stock transaction valuing Berry at approximately $717 million, inclusive of Berry's net debt1. Under the terms of the merger agreement, existing CRC shareholders are expected to own approximately 94% of the combined company upon closing. Supplemental slides have been posted to CRC's website at [...]
Company Raises 2025E Production and Adjusted EBITDAX Guidance, Reduces Drilling, Completions and Workover Capital Program Returned Quarterly Record of $287 Million to Shareholders LONG BEACH, Calif., Aug. 05, 2025 -- California Resources Corp. reported financial and operating results for the second quarter of 2025. The Company is hosting a conference call and webcast at 1 p.m. ET on Wednesday, August 6, 2025. Conference [...]
California Resources Corp. plans to release its second quarter 2025 financial results on Tuesday, August 5th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, August 6th at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10200260/ff49e72f54. Callers who pre-register [...]
Returned $258 Million to Stakeholders, Maintained Balance Sheet Strength, Delivered Flat Quarter-Over-Quarter Total Net Production Company Reaffirms its 2025 Production, Capital Investment and Adjusted EBITDAX Guidance LONG BEACH, Calif., May 06, 2025 -- California Resources Corp. today reported financial and operating results for the first quarter of 2025. The Company plans to host a conference call and webcast at 1 p.m [...]
California Resources Corp. plans to release its first quarter 2025 financial results on Tuesday, May 6th after market close. The Company will hold a conference call to discuss these financial results on Wednesday, May 7th at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10197788/feb45747fc. Callers who pre-register will be [...]
California Resources Corp. today reported financial and operating results for the fourth quarter and full year 2024, as well as its guidance for 2025. The Company plans to host a conference call and webcast at 1 p.m. ET on Monday, March 3, 2025. Participation details can be found within this release. Supplemental slides are available on CRC's website at www.crc.com. Fourth Quarter 2024 Highlights Generated $206 million of [...]
California Resources Corp. today announced that it has issued a notice of partial redemption with respect to its 7.125% Senior Notes due 2026 . On February 28, 2025 , the Company will redeem an aggregate principal amount of $123 million of Notes in accordance with the terms set forth in the indenture governing the Notes. The Notes will be redeemed at a redemption price of 100.000% of the principal amount thereof, plus [...]
California Resources Corp. , an independent energy and carbon management company, today announced a total contribution of $100,000 to the California Community Foundation and the Los Angeles Fire Department Foundation to support wildfire relief and provision of recovery services to residents impacted by the recent California wildfires. The funds will be equally distributed between the two organizations. "Our hearts go out [...]
California Resources Corp. plans to release its fourth quarter and full year 2024 financial results on Monday, March 3rd before market hours. The Company will hold a conference call to discuss these financial results on Monday, March 3rd at 1:00 p.m. Eastern Time . We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10194600/fe015c8aa0. Callers who [...]
California Resources Corp. and its carbon management business, Carbon TerraVault , today announced approval of the Golden State's first carbon capture and storage project, located at CRC's Elk Hills cryogenic gas plant in Kern County, California. "We are pleased to advance California's first CCS project to the next stage of its development highlighting our ability to deliver carbon management solutions while reducing our [...]
California Resources Corp. and its carbon management business, Carbon TerraVault , today announced receipt of final Class VI well permits from the Environmental Protection Agency for underground injection and storage of carbon dioxide into the 26R reservoir, located at CRC's Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV's joint venture with Brookfield. "We are proud to have received the [...]
California Resources Corp. , an independent energy and carbon management company committed to energy transition, announced today that the Company's executives will be participating in the following events in January 2025: Goldman Sachs Energy, CleanTech & Utilities Conference 2025 on January 7 to 8 in Aventura, FL StoneX Natural Resources Day 3.0 on January 9 in New York, NY UBS Winter Infrastructure & Energy Conference [...]
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