Stock events for California Resources Corp. (CRC)
CRC's stock price was impacted by several events in the past six months. The company completed its merger with Aera Energy LLC in July 2024, contributing to production growth and synergies. In December 2024, Carbon TerraVault received EPA permits for CO2 injection and storage, followed by the approval of California's first CCS project in January 2025. Strong fourth-quarter and full-year 2025 financial results were announced on March 2, 2026, including record financial performance and a dividend increase, leading to a stock gain. The stock reached a new 52-week high of $62.48 on March 2, 2026.
Demand Seasonality affecting California Resources Corp.’s stock price
Demand for California Resources Corp.'s products is influenced by California's overall energy needs. CRC's local production helps reduce reliance on overseas sources. The company benefits when demand exceeds seasonal norms or when infrastructure limitations lead to spikes in California gas prices. The provided information does not detail specific demand seasonality patterns for CRC's individual products or services.
Overview of California Resources Corp.’s business
California Resources Corp. (CRC) operates in the Energy sector, focusing on Oil & Gas Exploration and Production (E&P). The company explores, develops, and produces crude oil, natural gas, and natural gas liquids. CRC is expanding its carbon management business, Carbon TerraVault, which develops carbon capture and storage (CCS) projects. CRC also owns and operates power generation facilities, including the Elk Hills Power Plant.
CRC’s Geographic footprint
CRC's operations are exclusively located within California, holding approximately 1.9 million net mineral acres. Its primary operating areas include the San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and Ventura Basin. Key fields include Elk Hills, Buena Vista, Coles Levee, Wilmington, and Huntington Beach.
CRC Corporate Image Assessment
California Resources Corp. emphasizes its commitment to environmental stewardship and sustainability, aiming to produce low-carbon intensity oil and has a 2045 Full-Scope Net Zero goal. Carbon TerraVault is a key part of its decarbonization strategy. In 2024, CRC's operations in the Los Angeles Basin received a "Grade A" certification by MiQ. The merger with Aera Energy LLC positioned CRC as a key player in California's energy transition. No negative events impacting brand reputation were found.
Ownership
California Resources Corp. is largely owned by institutional investors, holding approximately 97.79% of its stock. Major institutional owners include BlackRock, Inc., Canada Pension Plan Investment Board, and Vanguard Group Inc. Pension Plan Investment Board Canada is a significant individual shareholder. Insider selling has been observed in the past three months.
