California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
California Resources Corporation navigates energy transition with a $200M Ameresco deal and carbon capture advancements, amid shareholder scrutiny. A detailed intraday update.
California Resources Corporation navigates energy transition with a $200M contract and carbon capture initiatives amidst shareholder concerns and market volatility.