Operator
California Resources Corp.
35 articles mentioning California Resources Corp. · Page 2 of 2
Near Bankrupt California Resources Adopts Generous Exit Package for CEO
The almost bankrupt California Resources has adopted a new compensation package for its CEO. The new program calls for a payment of 2x the salary and bonus if the CEO is fired without cause. One would...
California Resources Corp. Cuts 2020 Capital
California Resources Corp. is reducing its capital investment due to recent changes in the commodity market to a level that maintains the mechanical integrity of its facilities to operate them in a safe and environmentally responsible...
California Resources Corp. Fourth Quarter 2019 Results
California Resources Corp. reported a net loss attributable to common stock of $67 million, or $1.36 per diluted share, for the fourth quarter of 2019. Adjusted net income1 for the fourth quarter of 2019 was $36...
California Resources Details Q3 Ops, Financials
California Resources Corp. reported its Q3 2019 results. The company reported net income attributable to common stock of $94 million, or $1.89 per diluted share, for the third quarter of 2019. Adjusted net income1 was $17...
California Resources Corp. Reports Q2 Results; Talks Drilling, Rigs
California Resources Corp. reported net income attributable to common stock of $12 million, or $0.24 per diluted share, for the second quarter of 2019. Adjusted net loss1 was $14 million, or $0.29 per diluted share. Highlights...
California Resources Ups Capex by $100+MM for 2018; Production Dips Slightly YOY
California Resources reported its Q1 2018 results. Highlights: - Produced 123,000 BOE per day, above the midpoint of the guidance range (down -2% from 4Q17 and down -7% YOY) - Invested capital of $139 million -...
California Resources Adds Ninth Rig in Q3; Drills 28 Wells
California Resources reported its Q3 2017 results. Highlights include: Q3 Production: 128,000 BOEPD Drilled 28 new wells in Q3 Ninth Rig Added: The Company averaged eight rigs in the third quarter of 2017 and is currently...
California Resources Reports Production Decrease of 8% from Q1 2016
California Resources Corporation released its Q2 results and highlights include:California Resources reported total daily production averaging 129,000 boe/d which is down 8% from 140,000 boe/d in Q2 2016. This is below its estimated base production decline...
California Resources Touts Dual JV Deals in Q1; Cuts Debt by $147MM
California Resources reported its Q1 2017 results and highlights include:
California Resources to Keep Rig Count at Zero for 2016
The company will not add any rigs unless oil prices improve.
California Resources Ups 2015 Production Estimate; Talks Outlook
CRC continues to focus on its longer term debt reduction target.
Newly-Minted California Resources IDs 2015 Budget
Newly-minted California Resources Corp. has outlined its 2015 capital budget.
Newly-Formed California Resources Touts 2014 Results
Record quarterly total production of 165,000 BOE per day and crude oil production of 105,000 barrels per day.
Oxy Finalizes Spin-Off of California Resources Corp.
California Resources is an independent oil and natural gas exploration and production company focused on high-growth, high-return conventional and unconventional assets exclusively in California.
Oxy Board Approves Spin-Off of California-Focused Subsidiary
California Resources has been approved to list its shares of common stock on the New York Stock Exchange under the symbol “CRC”.