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Stock impact report

California Resources Reports Fourth Quarter and Full-Year 2023 Financial and Operating Results

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: Business Wire
CRC Delivers Record Cash Flow and Free Cash Flow per Share Annual Results LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today reported financial and operating results for the fourth quarter and full-year 2023. The Company plans to host a conference call and webcast on Wednesday, February 28th at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time). Participation details can be found within this release. In addition, supplemental slides are posted to CRC’s website at www.crc.com.2023 Highlights:Generated $653 million of net cash from operating activities and $468 million of free cash flow1Demonstrated strong capital efficiency with lower-than-expected total capital of $185 million delivering 6% entry to exit gross production declineReported net income of $564 million, or $7.78 per diluted share. When adjusted for items analysts typically exclude from estimates (including gains on asset divestitures, business transformation costs and mark-to-market adj Show less Read more
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