Pipeline's idling puts squeeze on Kern oil industry [Yahoo! Finance]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Yahoo! Finance
few options but to have their product hauled at considerable cost to southbound pipeline interconnections in southern Kern. The San Pedro Bay Pipeline's idling in December has revived concerns that lower pipeline volumes that started with a slowdown in oil permitting, and have since contributed to refinery closures, could cause lasting damage to California's petroleum infrastructure and, by extension, the local industry. While large, locally operating oil producers Chevron Corp. and California Resources Corp. have means to bring their crude to market, small and midsize producers say the pipeline situation threatens their financial viability. Local independent Chad Hathaway said by email Wednesday he paid for years to have the San Pedro pipeline deliver his oil to PBF Energy's Martinez Refining Co. plant 30 miles northeast of San Francisco. Now that the conduit is idle, it costs him $3 to $5 per barrel to have it hauled south. Worse, a narrower field of sellers has widened the
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CRC
News
- California Resources (CRC) had its price target raised by UBS Group AG from $63.00 to $75.00. They now have a "buy" rating on the stock.MarketBeat
- California Resources (CRC) had its price target raised by Wells Fargo & Company from $56.00 to $72.00. They now have an "overweight" rating on the stock.MarketBeat
- California Resources' Lofty Share Price Is Justified [Seeking Alpha]Seeking Alpha
- California Resources (CRC) had its price target raised by Barclays PLC from $65.00 to $67.00. They now have an "overweight" rating on the stock.MarketBeat
- California Resources sees FY26 production 152-157 MBoe/d [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 3/2/26 - Miss
CRC
Sec Filings
- 3/5/26 - Form 144
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- CRC's page on the SEC website