california resources corporation (nyse: crc) is a publicly traded oil and natural gas exploration and production company and the largest oil and natural gas producer in california on a gross-operated basis. we operate our world-class resource base exclusively within the state of california, and use integrated infrastructure to gather, process and market our production. using advanced technology, crc’s workforce of more than 5,000 employees and contractors focuses on safely and responsibly supplying affordable energy for california by californians. crc provides “energy for california by californians.” california homes, farms, businesses and communities need ample, affordable and reliable energy, and crc’s dedicated workforce of more than 5,000 california employees and contractors develop dependable local crude oil and natural gas reserves that help to reduce our state’s chronic dependence on imported energy. investing in california crc is also an economic engine for california. in
![California Resources Corporation - Ordinary Shares logo](/files/LOGO/1609253-CRC.png)
Company profile
Ticker
CRC, CRCQW
Exchange
Website
CEO
Todd Stevens
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
California Resources Elk Hills, LLC • California Resources Long Beach, Inc. • California Resources Petroleum Corporation • CRC Marketing, Inc. • EHP Midco Holding Company, LLC • EHP Topco Holding Company, LLC • Elk Hills Power, LLC ...
CRC stock data
Latest filings (excl ownership)
8-K
California Resources Corporation Completes Combination with Aera Energy
1 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
26 Jun 24
DEFA14A
Additional proxy soliciting materials
5 Jun 24
8-K
Entry into a Material Definitive Agreement
5 Jun 24
DEFA14A
Additional proxy soliciting materials
21 May 24
8-K
California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes
21 May 24
DEFA14A
Additional proxy soliciting materials
20 May 24
8-K
California Resources Corporation Announces Private Offering of $500 Million of Senior Unsecured Notes
20 May 24
8-K
Investor Presentation May 2024
9 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
Transcripts
CRC
Earnings call transcript
2023 Q4
28 Feb 24
CRC
Earnings call transcript
2023 Q3
2 Nov 23
CRC
Earnings call transcript
2023 Q2
1 Aug 23
CRC
Earnings call transcript
2023 Q2
1 Aug 23
CRC
Earnings call transcript
2023 Q1
2 May 23
CRC
Earnings call transcript
2022 Q4
24 Feb 23
CRC
Earnings call transcript
2022 Q3
5 Nov 22
CRC
Earnings call transcript
2022 Q2
7 Aug 22
CRC
Earnings call transcript
2022 Q1
9 May 22
CRC
Earnings call transcript
2021 Q4
24 Feb 22
Latest ownership filings
SC 13D
IKAV Energy Inc.
9 Jul 24
SC 13D
CANADA PENSION PLAN INVESTMENT BOARD
9 Jul 24
3
PENSION PLAN INVESTMENT BOARD CANADA
9 Jul 24
4
Bobby Saadati
3 Jul 24
3
Bobby Saadati
3 Jul 24
4
James Ross Jackson
3 Jul 24
3
James Ross Jackson
3 Jul 24
4
Omar Hayat
21 Jun 24
4
Mark Allen McFarland
30 May 24
144
Notice of proposed sale of securities
29 May 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 403.00 mm | 403.00 mm | 403.00 mm | 403.00 mm | 403.00 mm | 403.00 mm |
Cash burn (monthly) | 31.00 mm | 6.17 mm | 6.33 mm | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 119.85 mm | 23.84 mm | 24.48 mm | n/a | n/a | n/a |
Cash remaining | 283.15 mm | 379.16 mm | 378.52 mm | n/a | n/a | n/a |
Runway (months of cash) | 9.1 | 61.5 | 59.8 | n/a | n/a | n/a |
Institutional ownership, Q1 2024
13F holders | Current |
---|---|
Total holders | 266 |
Opened positions | 107 |
Closed positions | 33 |
Increased positions | 62 |
Reduced positions | 67 |
13F shares | Current |
---|---|
Total value | 3.74 tn |
Total shares | 86.27 mm |
Total puts | 1.57 mm |
Total calls | 424.80 k |
Total put/call ratio | 3.7 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 10.61 mm | $584.71 bn |
Vanguard | 8.10 mm | $446.33 bn |
JB Investors | 7.53 mm | $185.94 mm |
Gimbel Daniel Scott | 6.25 mm | $344.20 bn |
Solar Projects | 6.15 mm | $0.00 |
First Trust Advisors | 4.56 mm | $251.52 bn |
STT State Street | 3.50 mm | $193.10 bn |
Dimensional Fund Advisors | 3.41 mm | $187.93 bn |
Pacer Advisors | 3.37 mm | $185.61 bn |
LSV Asset Management | 3.11 mm | $171.15 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 24 | James Ross Jackson | Common Stock | Grant | Acquire A | No | No | 0 | 3,365 | 0.00 | 3,365 |
1 Jul 24 | Bobby Saadati | Common Stock | Grant | Acquire A | No | No | 0 | 3,365 | 0.00 | 3,365 |
News
Analyst Expectations For California Resources's Future
19 Jul 24
Citigroup Reinstates Buy on California Resources, Announces $63 Price Target
19 Jul 24
California Resources' Stock Climbs On Thursday: What's Behind The Gain?
11 Jul 24
RBC Capital Reiterates Outperform on California Resources, Maintains $65 Price Target
14 Jun 24
Breaking Down California Resources: 6 Analysts Share Their Views
12 Jun 24
Press releases
California Resources Corporation Schedules Second Quarter 2024 Earnings Conference Call
5 Jul 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AGR, OSG, CRC, MTTR
28 May 24
Kuehn Law Encourages MTTR, AGR, OSG, and CRC Investors to Contact Law Firm
28 May 24
California Resources Corporation Announces Pricing of Upsized Private Offering of $600 Million of Senior Unsecured Notes
21 May 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CRC, CONN, FFNW, BLBX
21 May 24