by and among CALIFORNIA RESOURCES CORPORATION This REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered into as of July 1, 2024, by and among California Resources Corporation, a Delaware corporation (the "Company"), and each of the parties set forth on the signature pages hereto (each, a "Seller" and collectively, the "Sellers"). WHEREAS, the parties hereto desire to enter into an agreement to provide for certain rights and obligations associated with ownership of the Securities. "Agreement" ...

First Quarter 2024 Results May 7, 2024 Presenters Francisco Leon President and Chief Executive Officer EVP and Chief Financial Officer Key Takeaways $54 $33 4 Reduced outstanding share count by ~19% since program inception in May 2021 TARGETING AERA MERGER CLOSE IN MID-20242 CTV JV RECEIVED $46MM FROM BROOKFIELD FOR CTV I - 26R VAULT Nelly Molina S Key Takeaways 63% 14% 23% $21 $58 RETURNED $94MM TO SHAREHOLDERS YTD1 GENERATED $149MM OF ADJ. EBITDAX*IN 1Q24 Robust financial and operational performance; Rese ...

California Resources Corporation (NYSE:CRC) Q1 2024 Earnings Conference Call May 8, 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 Chris Gould - Executive Vice President & Chief Sustainability Officer, and Managing Director-CTV Holdings Jay Bys - Executive Vice President and Chief Commercial Officer Omar Hayat - Executive Vice President-Operations Conference Call Participants S ...

| --- | --- | --- | --- | |------------------------------------------------------------------------------------------------|------------------|-----------------|---------------------| | | March 31, 2024 | (in millions) | December 31, 2023 | | Compensation-related liabilities | $ | 33 $ | 38 | | Postretirement benefit plan | | 35 | 36 | | Operating lease liability | | 56 | 55 | | Fair value of commodity derivative contracts | | 14 | 2 | | Premiums due on commodity derivative contracts | | 10 | 10 | | Conting ...

The market expects California Resources Corporation (CRC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on May 7, 2024, might help the stock move higher if these ke ...

LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today that the Board of Directors has nominated Christian S. (Chris) Kendall to stand for election as a director at CRC’s 2024 Annual Meeting of Stockholders. Mr. Kendall is the former President and Chief Executive Officer of Denbury. “As we continue creating long-term sustainable value at CRC and CTV, Mr. Kendall will bring significant strategic insights to navigate the growth and development of our low carbon in ...

February 27, 2024 Fourth Quarter and Year End 2023 Results Forward – Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future financial position, business strategy, projected revenues, earnings, co ...

California Resources Corporation (NYSE:CRC) Q4 2023 Earnings Conference Call February 28, 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 Chris Gould - Chief Sustainability Officer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Nate Pendleton - Stifel Leo Mariani - ROTH MKM Noel Parks - Tuohy Brothers Investment Research Operator ...

For the quarter ended December 2023, California Resources Corporation (CRC) reported revenue of $726 million, up 6.5% over the same period last year. EPS came in at $0.93, compared to $1.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $610.7 million, representing a surprise of +18.88%. The company delivered an EPS surprise of -7.92%, with the consensus EPS estimate being $1.01.While investors closely watch year-over-year changes in headline numbers -- revenue and ...

California Resources Corporation (CRC) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.92%. A quarter ago, it was expected that this company would post earnings of $0.79 per share when it actually produced earnings of $1.02, delivering a surprise of 29.11%.Over the last four quarte ...