California Resources Corp (CRC)

California Resources Corp. (CRC) stock has experienced significant positive momentum in the past six months. The stock delivered a 104% return over the past year and a 49% gain year-to-date as of April 10, 2026. As of April 2, 2026, the share price was $67.72, representing an increase of 97.90% from April 7, 2025. Recent events impacting the stock include the fourth-quarter and full-year 2025 earnings report, a 'Grade A' certification from MiQ, a private offering of senior unsecured notes, analyst ratings and price targets, and the merger with Aera Energy.

The demand for California Resources Corp.'s products is generally influenced by broader energy market dynamics, which can exhibit some seasonality. Natural gas demand often increases during colder months for heating and warmer months for electricity generation. The company's focus on the California market suggests a relatively consistent local demand for its produced hydrocarbons. The company's involvement in electricity generation also ties it to seasonal electricity demand fluctuations.

California Resources Corporation (CRC) is an independent energy and carbon management company focused on hydrocarbon exploration and production in California. Established in April 2014 as a spin-off from Occidental Petroleum Corporation, CRC is also committed to energy transition through carbon management initiatives. The company's major products include crude oil, natural gas, and natural gas liquids, and it generates electricity from natural gas at its Elk Hills Power Plant. CRC actively pursues carbon capture and storage projects to reduce greenhouse gas emissions.

California Resources Corporation's operations are concentrated within California, holding approximately 1.9 million net mineral acres across the state's major oil and gas basins as of year-end 2024. These basins include the San Joaquin Basin, Los Angeles Basin, Ventura Basin, and Sacramento Basin. The San Joaquin Basin accounts for approximately 81% of CRC's estimated proved reserves as of year-end 2024. Key operating areas and fields include the Elk Hills Field, the Wilmington Oil Field, and fields in the Los Angeles, Sacramento, and San Joaquin basins. Following its merger with Aera Energy LLC in July 2024, CRC's subsidiary Aera also operates fields such as Belridge and Midway-Sunset in Kern County, as well as fields in Fresno, Monterey, and Ventura counties.

California Resources Corporation has focused on enhancing its brand reputation through its commitment to environmental stewardship, sustainability, and energy transition. Key initiatives include the publication of its 2024 Sustainability Report, active involvement in carbon capture and storage projects through its Carbon TerraVault subsidiary, the merger with Aera Energy LLC, a 'Grade A' certification for methane emissions, National Safety Council awards, and recognition as one of the top 500 most responsible companies in the U.S.

California Resources Corp. (CRC) stock ownership is primarily held by institutional investors, accounting for approximately 84.66% to 91.58% of the company's stock. Major institutional owners include BlackRock, Inc., Canada Pension Plan Investment Board, and Vanguard Group Inc. Individual ownership, including insiders, accounts for a smaller percentage, with insiders holding approximately 1.50% to 9.67% of the stock. Pension Plan Investment Board Canada is a significant individual shareholder. Retail investors hold approximately 0.00% to 13.84% of the stock.