California Resources (CRC) - 2024 Q2 - Earnings Call Presentation

A DIFFERENT KIND OF ENERGY COMPANY Second Quarter 2024 Results August 7, 2024 Presenters Francisco Leon President and Chief Executive Officer Nelly Molina EVP and Chief Financial Officer Cash Flow Carbon California Higher Less Better $22 $35 MERGER CLOSED JULY 1, 2024 + CRC STANDALONE METRICS 76MBOE/D 2Q24 NET PRODUCTION 62% 13% 25% Oil NGLs Gas $97MM 2Q24 OPERATING CASH FLOW $34 $63 Capex Free Cash Flow * ACCELERATED CASH RETURNS 1 Raised fixed dividend by 25% Returned $136MM or 142% of 1H24 FCF* to shareh ...