California Resources Corporation reports news on its oil and natural gas operations, capital spending, production activity, and drilling programs across California and Utah. Company updates commonly cover financial results, operating guidance, shareholder returns, drilling permits, integration of the completed Berry Corporation combination, and debt or capital-structure actions.
CRC also reports developments in carbon management through Carbon TerraVault, including carbon capture, transportation and permanent storage services, environmental products, and emissions-reduction initiatives. Other recurring news themes include methane certification for San Joaquin Valley assets, customer or community decarbonization partnerships, and governance or shareholder voting matters.
California Resources Corporation (NYSE: CRC) and Carbon TerraVault announced a Memorandum of Understanding with Middle River Power on Dec. 16, 2025 to evaluate carbon capture, transport and sequestration for two brownfield California power plants: the 850 MW High Desert (Victorville) and the 330 MW San Joaquin Energy Center (Tracy).
The facilities emit up to 2.1 MMTPA and 0.65 MMTPA CO2 respectively. CTV would be the exclusive CO2 transport and sequestration provider; projects remain non-binding and contingent on definitive agreements, financing and EPA Class VI permits.
California Resources Corporation (NYSE: CRC) said its executives will participate in investor conferences in January 2026. Scheduled appearances include the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6, 2026 in Aventura, FL and the UBS Winter Infrastructure & Energy Conference on January 13–14, 2026 in Deer Valley, UT.
CRC said presentation materials will be posted the day of each event on the company’s Earnings and Presentations page in Investor Relations at www.crc.com. Contact details for investor relations and media were provided for further inquiries.
California Resources Corporation (NYSE: CRC) announced a $200,000 donation to support community food security efforts across California on November 20, 2025. Funds will be distributed to local food banks and community organizations, with emphasis on areas where CRC operates: Long Beach, Stockton, Kern, Ventura, Monterey, and Fresno counties, and a contribution to the statewide California Association of Food Banks.
The company said it will coordinate with community partners and local officials to direct resources for immediate impact. Since 2015, CRC has provided nearly $20 million in cumulative contributions to nonprofits addressing local needs.
California Resources Corporation (NYSE: CRC) announced it received MiQ ‘Grade A’ certification for its Ventura Basin production assets on Nov 18, 2025. CRC previously earned a Grade A for its Los Angeles Basin assets in 2024 and is described as the only oil and natural gas producer in California and the Rocky Mountain Region to hold MiQ certification.
The certification reflects high scores in company practices, monitoring technology deployment, and methane intensity, and CRC says it plans to continue working with MiQ to certify production across California.
California Resources Corporation (NYSE: CRC) reported Q3 2025 results on November 4, 2025: net income $64M, adjusted net income $123M, and adjusted EBITDAX $338M. The company generated $279M net cash from operations and $188M free cash flow, delivered 137 MBoe/d (78% oil), and invested $91M of capital.
CRC raised its quarterly dividend 5% to $0.405/share, announced a definitive all-stock merger with Berry (fixed ratio 0.0718; ~5.6M CRC shares to be issued), completed a $400M private 2034 note offering, and redeemed all remaining 2026 senior notes for $122M. Liquidity totaled $1,154M.
California Resources Corporation (NYSE: CRC) and Capital Power (TSX: CPX) signed a non-binding MOU on Nov 4, 2025 to evaluate carbon capture and sequestration for Capital Power’s La Paloma 1.1 GW natural gas combined-cycle facility in Kern County, California.
Carbon TerraVault intends to assess serving as the exclusive transportation and sequestration provider for up to 3 million metric tons per annum (MMTPA) of CO2 and will jointly evaluate data center sites, power infrastructure, permitting, and integration opportunities. The MOU is subject to definitive agreements, a final investment decision, and EPA Class VI and other regulatory approvals.
California Resources (NYSE: CRC) broke ground Oct. 16, 2025 on Carbon TerraVault I (CTV I), California’s first commercial carbon capture and storage project, at Elk Hills Field in Kern County.
CTV I is a CRC–Brookfield joint venture with planned first CO₂ injection in early 2026, annual storage capacity of 1.6 million metric tons and total storage potential of 38 million metric tons in the 26R reservoir. The project holds final EPA Class VI permits and won unanimous Kern County Board approval.
California Resources Corporation (NYSE: CRC) will release its Q3 2025 financial results on Tuesday, November 4, 2025 after market close and will host a conference call on Wednesday, November 5, 2025 at 1:00 p.m. ET (10:00 a.m. PT).
Investors are encouraged to pre-register for the call at the provided registration link to receive a passcode and unique PIN for immediate access. Dial-in numbers: (877) 328-5505 or international +1-412-317-5421. A live webcast and a digital replay will be available on www.crc.com, with the replay archived for approximately 90 days.
California Resources Corporation (NYSE: CRC) has announced the redemption of all outstanding 7.125% Senior Notes due 2026. The redemption will take place on October 10, 2025, at a redemption price of 100.000% of the principal amount plus accrued and unpaid interest.
The company will use cash on hand for the redemption, demonstrating its commitment to maintaining a strong balance sheet, according to CRC President and CEO Francisco Leon. Following the redemption, there will be no 2026 Notes outstanding.
California Resources Corporation (NYSE: CRC) has announced the pricing of a $400 million private offering of senior unsecured notes due 2034 with a 7.000% interest rate. The notes will be priced at par and are expected to close on October 8, 2025.
The net proceeds of approximately $394 million will be used, along with cash on hand and revolving credit facility borrowings, to repay Berry Corporation's existing debt in connection with their pending merger. The notes include a special mandatory redemption provision if the Berry Merger doesn't close by March 14, 2026, or if CRC terminates or abandons the merger plans.
The notes will be guaranteed by CRC's existing subsidiaries that guarantee its other credit facilities and will be offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.