California Resources Corp (CRC)

California Resources Corp.'s stock reached an all-time high of $57.33 on September 17, 2025. The company reported a net income of $64 million in Q3 2025 and increased its quarterly dividend by 5% to $0.405 per share. CRC returned $454 million to shareholders during the nine months ended September 30, 2025. A definitive agreement to merge with Berry Corporation closed on December 18, 2025. CRC completed a private offering of its 2034 Senior Notes and redeemed all remaining 2026 Senior Notes. California Resources Corporation and the Los Angeles Rams announced a carbon management initiative on January 9, 2026. Analysts have a consensus rating of 'Moderate Buy' with an average price target of $63.90. Short interest in California Resources increased by 25.46% recently.

Demand for natural gas and electricity often sees seasonal fluctuations, increasing during colder winter months for heating and hotter summer months for cooling. Crude oil demand can be influenced by seasonal travel patterns. California is a significant importer of jet fuel, oil, and natural gas, suggesting a consistent underlying demand. The company's share of production under Public Service Contracts (PSC) decreases when commodity prices rise and increases when prices fall, which can influence its revenue regardless of seasonal demand.

California Resources Corp. operates in the energy sector, focusing on oil and natural gas exploration, production, and carbon management. Its products include crude oil, natural gas, and NGLs. The company generates and sells electricity and is developing carbon capture and storage capabilities. CRC's approach includes drilling, production, midstream processing, and marketing of hydrocarbons.

California Resources Corp. operates entirely within California, holding approximately 1.9 million net mineral acres. Operations are concentrated in the San Joaquin, Los Angeles, and Ventura Basins, with dry gas production in the Sacramento Basin. The largest producing asset is the Elk Hills field. All products are sold into California markets, with some NGLs sold to Canada or Mexico.

California Resources Corp. has worked to enhance its brand reputation through its commitment to energy transition, environmental stewardship, and community engagement. The acquisition of Aera Energy LLC is expected to realize $185 million in synergies in 2025. The groundbreaking of Carbon TerraVault I marked the beginning of California's first EPA Class VI-permitted carbon capture and storage project. A Memorandum of Understanding with Capital Power explores decarbonized power solutions. A partnership with the Los Angeles Rams highlights CRC's efforts in sustainability. CRC published its 2024 Sustainability Report and received 'Grade A' certification through MiQ's Methane. CRC announced a $200,000 donation to food-security efforts in California. The company's workforce received 23 National Safety Council awards for its 2024 performance.

California Resources Corporation's ownership is a mix of institutional, retail, and individual investors. Institutional investors hold approximately 52.70% of the company's stock, and insiders hold 1.46%. Major institutional owners include BlackRock, Inc., Canada Pension Plan Investment Board, and The Vanguard Group, Inc.