Headquartered in Long Beach, CA Fiscal year ends December NYSE: CRC crc.com
California Resources Corporation (CRC) is an independent energy and carbon management company focused on oil and natural gas exploration and production primarily in California and Utah. The company operates across several major producing basins including the San Joaquin Basin, Los Angeles Basin, Sacramento Basin, Ventura Basin, and the Uinta Basin in Utah. CRC's production is approximately 81% oil, making it a predominantly oil-weighted producer. The company also generates revenue from electricity production, marketing of purchased commodities, and natural gas liquids. CRC completed the acquisition of Berry Corporation, significantly expanding its production base and creating synergy opportunities across its conventional, low-decline asset portfolio. Through its Carbon TerraVault (CTV) subsidiary, CRC is developing carbon capture and storage (CCS) services to capture, transport, and permanently sequester CO2 from industrial sources into depleted reservoirs, positioning the company at the intersection of traditional energy production and the energy transition. CRC holds substantial mineral rights and land positions in California and leverages its subsurface expertise for both hydrocarbon production and decarbonization projects. Updated
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California Resources Corporation (CRC) is an independent energy and carbon management company focused on oil and natural gas exploration and production primarily in California and Utah.
24/7 Wall St.'s 12-month price target for CRC is $64.99, rated Buy. The Wall Street consensus target is $75.58. CRC price prediction →
