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Stock impact report

California Resources Corp Reports Robust 2023 Financial Results with Record Cash Flow [Yahoo! Finance]

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: Yahoo! Finance
Production : Average annual net production was 86 MBoe/d, with oil production averaging 52 MBo/d. Shareholder Returns : Returned $280 million to stakeholders through share repurchases, debt repurchases, and dividends. Leverage Ratio : Improved to 0.1 times, down from 0.3 times at year-end 2022. Cost Savings : Achieved $65 million in annual, sustainable cost savings through business transformation initiatives. Carbon Management : Advanced in carbon management with the receipt of Californias first U.S. EPA draft Class VI well permits for CO2 injection and storage. Warning! GuruFocus has detected 3 Warning Sign with CRC. On February 27, 2024, California Resources Corp ( NYSE:CRC ) released its 8-K filing , detailing the company's financial and operating results for the fourth quarter and full year of 2023. CRC, an independent oil and natural gas exploration and production company operating exclusively within California, has reported a year of strong financial performance and Show less Read more
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