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California Res Corp - CRC STOCK NEWS

Welcome to our dedicated page for California Res news (Ticker: CRC), a resource for investors and traders seeking the latest updates and insights on California Res stock.

California Resources Corp (CRC) delivers essential energy solutions as California's largest oil and natural gas producer. This news hub provides investors and stakeholders with timely updates on CRC's operational developments, strategic initiatives, and regulatory engagements.

Access authoritative coverage of CRC's earnings reports, partnership announcements, and sustainability efforts, all curated to support data-driven decisions. Our repository ensures you stay informed on production updates, infrastructure investments, and market positioning within California's evolving energy sector.

Explore verified press releases, operational milestones, and analysis of CRC's role in advancing regional energy security. Content is rigorously updated to reflect the company's focus on low-carbon intensity operations and community-driven resource management.

Bookmark this page for streamlined access to CRC's latest developments, or check back regularly for insights into how California's energy leader navigates industry challenges and opportunities.

Rhea-AI Summary
Carbon TerraVault, a subsidiary of California Resources Corporation (CRC), announced the first fully integrated capture to storage CO2 project at Elk Hills and a new storage-only CDMA with NLC Energy. The project aims to remove and permanently store 100,000 metric tons per annum (MTPA) of CO2 by year end 2025. The CDMA with NLC Energy commits to sequestering a minimum of 150,000 MTPA of CO2. CTV's total projected CO2 injection rate is now 1,065,000 MTPA. CTV's total submitted storage capacity under permits to the EPA is 191 million metric tons (MMT).
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California Resources Corporation (NYSE: CRC) plans to release its Q3 2023 financial results on November 1st after market close. Conference call to discuss these results will be held on November 2nd at 1:00 p.m. ET. Participants can pre-register for the call using the provided link. Replay available for 90 days.
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California Resources Corporation (NYSE: CRC) has published its 2022 Sustainability Update, highlighting its progress in meeting environmental, social, and governance (ESG) goals. The update includes achievements such as expanded ESG goals, advancements towards the company's net zero emissions target, joint ventures for carbon capture and storage (CCS) development, and community support initiatives.
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California Resources Corporation (CRC) reported solid operational and financial performance in Q2 2023. They returned nearly $84 million to shareholders, bringing the total shareholder return program to nearly $700 million. CRC also submitted a Class VI permit to the EPA for 17 million metric tons of CO2 reservoir and signed a new carbon dioxide management agreement with Verde Clean Fuels Inc. They reported net income of $97 million and generated net cash provided by operating activities of $108 million.
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California Resources Corporation (CRC) has announced a storage-only Carbon Dioxide Management Agreement (CDMA) with Verde Clean Fuels Inc. (Verde) for the capture, transport, and storage of carbon dioxide (CO2). CRC has also expanded its Lone Cypress blue hydrogen project and submitted a Class VI permit to the EPA for CTV V CO2 reservoir. The CDMA with Verde includes the construction of a renewable gasoline plant at CRC's Net Zero Industrial Park, with a minimum volume commitment of 100 thousand metric tons per annum (KMTPA) of CO2 injection. The project is expected to produce 7.5 million gallons per year of renewable gasoline.
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California Resources Corporation (CRC) will release its Q2 2023 financial results on July 31st. A conference call will be held on August 1st at 1:00 p.m. ET. Participants can pre-register for the call to gain immediate access.
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California Res Corp

NYSE:CRC

CRC Rankings

CRC Stock Data

3.14B
81.32M
10.35%
95.47%
4.29%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States
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