CALIFORNIA RESOURCES


Associated tags: CCS, Carbon, California Resources Corporation, CRC, Energy, Oil, Gas, Environment, Utilities, NYSE, Other Energy, Alternative Energy, Petroleum & Resources Corporation, Renewable energy, CTV, Green Technology

Locations: US, SACRAMENTO, WASHINGTON, NEW YORK CITY, NY, NEW YORK, VI, UNITED STATES, NORTH AMERICA, CALIFORNIA, KENDALL

California Resources Reports First Quarter 2024 Financial and Operating Results

Retrieved on: 
Tuesday, May 7, 2024
Alternative Energy, Energy, Oil, Gas, Debt-to-GDP ratio, Mobil, Methane, MIQ, Noble Energy, CRC, Webcast, Harvard Business School, PSC, GAAP, Knowledge, American Heart Association, NGL, Rocky Mountains, Conference, Share repurchase, Triple accreditation, Goldman Sachs, International, ICG, Certification, National Petroleum Council, NYMEX, Advanced Management Program, G&A, Note, Bankruptcy, AB, Senior, ESG, Line of credit, Annual general meeting, Credit, Engineering

During the first quarter of 2024, CRC repurchased 1.1 million shares for $58 million or an average price of $53.26 per share.

Key Points: 
  • During the first quarter of 2024, CRC repurchased 1.1 million shares for $58 million or an average price of $53.26 per share.
  • Post quarter end and through May 3, 2024, CRC repurchased an additional 0.3 million shares for $15 million or an average price of $54.80.
  • On May 7, 2024, CRC's Board of Directors declared a quarterly cash dividend of $0.31 per share of common stock.
  • The dividend is payable to shareholders of record on May 31, 2024 and will be paid on June 14, 2024.

Carbon TerraVault Provides First Quarter 2024 Update

Retrieved on: 
Tuesday, May 7, 2024
Utilities, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Mergers and acquisitions, Carbon dioxide, EPA, Aera Energy, Golden State, CRC, CTV, CCS, Inglewood Oil Field, Hart–Scott–Rodino Antitrust Improvements Act, FID, Public opinion, South Belridge Oil Field, CO2, EIR, California Resources Corporation, MMT, Renewable energy

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • CTV anticipates that EPA and Kern County will deliver their final decisions on the permits in the second half of 2024.
  • On May 7, 2024, CRC filed the definitive proxy statement for the Aera Merger with the SEC.

California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin Assets

Retrieved on: 
Thursday, April 11, 2024
Utilities, Oil, Gas, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Climate change, Methane, ICG, City, Certification, Rocky Mountains, MIQ, CRC, THUMS, Carbon, Wilmington Oil Field, ESG, Bolsa Chica Ecological Reserve, Tidelands, California Resources Corporation, Methane emissions, Coal

California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.

Key Points: 
  • California Resources Corporation (NYSE: CRC) received a “Grade A” certification through MiQ’s Methane Emissions Performance Standard for its operating assets in Los Angeles and Orange Counties.
  • This is the first “Grade A” independently certified gas (ICG) designation that MiQ has presented to oil and natural gas operating assets in California and the Rocky Mountain region.
  • “We are very pleased with our ‘Grade A’ ICG certification from MiQ which is further evidence of CRC’s strong environmental, social and governance efforts while supporting energy transition in California.
  • MiQ certification is conducted by accredited, third-party auditors, and assessed against the MiQ Standard to assign an A to F grade for methane emissions performance.

California Resources Corporation Schedules First Quarter 2024 Earnings Conference Call

Retrieved on: 
Monday, April 8, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, International, Webcast, PIN, California Resources Corporation, CRC

California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.

Key Points: 
  • California Resources Corporation (NYSE: CRC) plans to release its first quarter 2024 financial results on Tuesday, May 7th after market close.
  • The Company will hold a conference call to discuss these financial results on Wednesday, May 8th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time).
  • We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10187009/fbc013eb9d .
  • To participate in CRC’s conference call, either dial (877) 328-5505 (International callers please dial +1-412-317-5421) or access the webcast at www.crc.com .

California Resources Corporation Announces the Nomination of Christian S. Kendall to Its Board of Directors

Retrieved on: 
Tuesday, March 19, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, American Heart Association, Natural gas, Growth, Shareholder, Triple accreditation, Harvard Business School, California Resources Corporation, Mobil, Advanced Management Program, Engineering, Noble Energy, Senior, Carbon, National Petroleum Council, CRC, CTV, Management

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.

Key Points: 
  • 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 has a strong and proven record of accomplishments in the new and always evolving energy sector,” added Tiffany (TJ) Thom Cepak, CRC’s Chair of the Board of Directors.
  • Prior to that, Mr. Kendall served in several other executive and management roles of increasing responsibility with Noble beginning in 2001.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Tuesday, February 27, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Energy, Climate Change, Carbon, Engineering, DAC, MMT, Inglewood Oil Field, Carbon dioxide, Research, Class, FEED, Natural gas, CRC, Government, Golden State, CCS, CDMA, Climate change, Mergers and acquisitions, CTV, California Resources Corporation, CO2, EPA, Primary energy, Economics, EIR, Aera Energy, DOE, Comment, South Belridge Oil Field, Renewable energy

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DOOR, CRC, GLT, ZFOX

Retrieved on: 
Saturday, February 10, 2024
Owens Corning, Masonite, ZeroFox, Fraud, Masonite International, Sale, Advertising, Glatfelter, Specialty, California Resources Corporation, Aera Energy, Hygiene, Security (finance)

If you are a Masonite shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Masonite shareholder, click here to learn more about your rights and options .
  • If you are a California Resources shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

CRC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of California Resources Corporation Is Fair to Shareholders

Retrieved on: 
Wednesday, February 7, 2024
Class Action Lawsuit, Professional Services, Legal, Fraud, California Resources Corporation, CRC, Advertising, Aera Energy

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of California Resources Corporation (NYSE: CRC) and Aera Energy, LLC is fair to California Resources shareholders.
  • Upon completion of the proposed transaction, California Resources shareholders will own approximately 77.1% of the combined company.
  • The investigation concerns whether California Resources and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for California Resources shareholders; and (2) disclose all material information necessary for California Resources shareholders to adequately assess and value the merger consideration.
  • On behalf of California Resources shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

California Resources Corporation to Combine with Aera Energy

Retrieved on: 
Wednesday, February 7, 2024
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Partnership, California Resources Corporation, CRC, CPP, Environmental issues, Carbon dioxide, G&A, Direct air capture, Philosophy, CUPS, Aera Energy, Investment, CCS, CO2, South Belridge Oil Field, Sale, MMT, EPA, DAC, CPP Investment Board, CTV, Renewable energy

California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.

Key Points: 
  • California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC (Aera) in an all-stock transaction.
  • The transaction values Aera at approximately $2.1 billion, inclusive of Aera’s net debt and certain other obligations1, and is expected to be immediately accretive.
  • On behalf of CRC, we look forward to working with our new colleagues at Aera.
  • The combined company will own interests in five of the largest oil fields in California with opportunities to increase oil recovery.