California Resources Corporation Schedules Fourth Quarter and Full Year 2020 Earnings Release; Announces Virtual Strategy Day and Investor Conference Participation

Rhea-AI Summary

California Resources Corporation (NYSE: CRC) will announce its fourth quarter and full year 2020 financial results on March 11, 2021, after market close. The company will also host a virtual Strategy Day on March 18, 2021, at 1 p.m. ET to discuss its strategic repositioning and 2021 guidance. Key executives, including Chairman and Interim CEO Mac McFarland, will present during this session. Additionally, CRC executives will participate in the Mizuho Energy Summit and Scotia Howard Weil Energy Conference in mid to late March, with presentation materials available on the Investor Relations page.

Positive

• Scheduled release of fourth quarter and full year 2020 financial results may provide solid insights into the company's performance.
• Virtual Strategy Day expected to outline strategic repositioning and 2021 guidance, potentially boosting investor confidence.

Negative

• None.

California Resources Corporation (NYSE: CRC) announced today that it will release its fourth quarter and full year 2020 financial results following the market close on Thursday, March 11, 2021.

Strategy Day:

CRC will hold a virtual Strategy Day on Thursday, March 18, 2021, at 1 p.m. ET (10 a.m. PT) to review the company’s strategic repositioning, expected outcomes of the new strategic alignment and 2021 guidance. The event will feature Mac McFarland, Chairman and Interim CEO; Francisco Leon, EVP and CFO; Shawn Kerns, EVP of Operations and Engineering; and Michael Preston, Sr. EVP, CAO and General Counsel. Participants are encouraged to preregister for Strategy Day here or can access the webcast in the Investor Relations section on www.crc.com on the day of the event.

March Investor Conferences:

Mac McFarland and Francisco Leon will also be participating in the following virtual events in March:

• 5^th Annual Mizuho Energy Summit – March 15-16
• 49^th Annual Scotia Howard Weil Energy Conference – March 23-24

CRC’s presentation materials will be available the day of the events on the Earnings and Presentations page in the Investor Relations section on www.crc.com.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, CRC focuses on safely and responsibly supplying affordable energy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210224005990/en/

FAQ

When will California Resources Corporation release its fourth quarter and full year 2020 financial results?

CRC will release its financial results on March 11, 2021, after market close.

What is the purpose of CRC's virtual Strategy Day on March 18, 2021?

The Strategy Day will review CRC's strategic repositioning and provide 2021 guidance.

Who will present during CRC's Strategy Day?

Presenters include Mac McFarland, Francisco Leon, Shawn Kerns, and Michael Preston.

Which investor conferences will CRC participate in March 2021?

CRC will participate in the Mizuho Energy Summit on March 15-16 and the Scotia Howard Weil Energy Conference on March 23-24.