With all the talk around AI and data centers, markets have been swooning over companies that can provide one key resource to power these trends: electricity. AI workloads run on data centers that need a lot of electricity. They must also run 24/7 to ensure users can always access the data. Additionally, companies that run these data centers vastly favor the use of renewable energy for power. This has led to a trend of recommissioning nuclear reactor sites. Nuclear energy is renewable, but also much more rel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-36478 California Resources Corporation (Exact name of registrant as specified in its charter) Delaware 46-56709 ...

California Resources Corporation (NYSE:CRC) Q3 2024 Earnings Conference Call November 6, 2024 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Francisco Leon - Chief Executive Officer Nelly Molina - Chief Financial Officer Jay Bys - Executive Vice President and CCO Omar Hayat - Executive Vice President, Operations Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Betty Jiang - Barclays David Deckelbaum - TD Cowen Jos ...

A DIFFERENT KIND OF ENERGY COMPANY CALIFORNIA Third Quarter 2024 Results November 6, 2024 Higher Less Better Cash Flow Carbon California Key Takeaways STRONG OPERATIONAL AND FINANCIAL RESULTS | --- | --- | --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|--------- ...

California Resources Corporation (CRC) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $1.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 68.54%. A quarter ago, it was expected that this company would post earnings of $0.96 per share when it actually produced earnings of $0.60, delivering a surprise of -37.50%.Over the last four quart ...

California Resources Reports Third Quarter 2024 Financial and Operating Results Delivering Improved Capital Efficiencies and Advancing Leading Carbon Management Platform LONG BEACH, California, November 5, 2024 - California Resources Corporation (NYSE: CRC) today reported financial and operating results for the third quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 6, 2024. Participation details can be found within this release. In add ...

LONG BEACH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today reported financial and operating results for the third quarter of 2024. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 6, 2024. Participation details can be found within this release. In addition, supplemental slides are available on CRC’s website at www.crc.com. Highlights Generated $345 million of net income, $137 million of adjusted net income1 ...

Received Kern County Board of Supervisors' Conditional Use Permits Approval for CTV I CCS projectSigned a Brownfield MOU for up to ~1.5 MMTPA of CO2 Emissions LONG BEACH, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE: CRC), today provided a third quarter 2024 update. The Company plans to host a conference call and webcast at 1 p.m. ET (10 a.m. PT) on Wednesday, November 6, 2024. Participation details ...

LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) today announced the publication of its 2023 Sustainability Report detailing the Company's sustainability initiatives and strategy as well as progress toward its environmental, social and governance (ESG) goals. "CRC is committed to supporting the energy transition, decarbonizing our local economies and helping California achieve its climate goals," said Francisco Leon, CRC President and Chief Executive Officer ...

Core Viewpoint - California Resources Corporation (CRC) has received unanimous approval from the Kern County Board of Supervisors for the conditional use permit for its Carbon TerraVault I (CTV I) carbon capture and storage project, marking a significant milestone in the company's efforts to develop this pioneering project in California [1][2]. Group 1: Project Details - CTV I will be the first carbon capture and storage project in California and the first in the nation to utilize a depleted oil and gas reservoir for CO2 sequestration [2]. - The project is located at CRC's Elk Hills Field in Kern County, which has an estimated CO2 storage capacity of up to 46 million metric tons [2]. - Once operational, CTV I is expected to inject and store over 1 million metric tons of CO2 per year, equivalent to the annual emissions of approximately 200,000 passenger vehicles [2]. Group 2: Community and Environmental Impact - CRC has announced a Community Benefits Plan for CTV I, committing a portion of its investments to local programs and partnerships with labor, community organizations, and academic institutions [3]. - The California Energy Commission recognizes the Elk Hills Field as "one of the premier CO2 sequestration sites in the U.S.," making it an optimal location for permanent CO2 storage [2]. - The California Air Resources Board identifies carbon capture and storage as a critical measure for reducing greenhouse gas emissions [2]. Group 3: Company Overview - California Resources Corporation (CRC) is an independent energy and carbon management company focused on energy transition and environmental stewardship [5]. - The company aims to maximize the value of its land, mineral ownership, and energy expertise for decarbonization through the development of carbon capture and storage and other emissions-reducing projects [5]. - Carbon TerraVault (CTV) is CRC's carbon management business, engaged in capturing, transporting, and permanently storing CO2 for its customers [4].