California Resources Corp (1CLD)
XSTU 
Summary
1CLD Chart
California Resources: The Winds Of Change In California Finally
California Resources stands to benefit from regulatory compromise enabling thousands of new wells in Kern County while tightening offshore restrictions. CRC's merger with Berry Corporation enhances operational efficiency. Emerging discussion around using carbon capture to unlock unconventional oil in-state signals potential for future production expansion.
Why Is California Resources (CRC) Up 1.2% Since Last Earnings Report?
California Resources (CRC) reported earnings 30 days ago. What's next for the stock?
Consolidation Wave Reshapes Energy Sector: 3 Stocks Vulnerable to Acquisition, Ranked
Energy sector consolidation has accelerated through 2026 so far, with majors and large independents acquiring scale, inventory, and strategic infrastructure.
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California Resources Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Francisco J. Leon CEO | XSTU Exchange | US13057Q3056 ISIN |
| US Country | 2,500 Employees | 29 May 2026 Last Dividend | - Last Split | 28 Oct 2020 IPO Date |
Overview
California Resources Corporation is a distinguished entity in the realm of independent oil and natural gas exploration and production, as well as a pioneer in carbon management within the United States. Founded in 2014 and headquartered in Long Beach, California, the company is dedicated to the exploration, production, and marketing of crude oil, natural gas, and natural gas liquids. It distinguishes itself not only by its contribution to energy markets but also through its commitment to developing sustainable carbon capture and storage projects in California, pointing towards a future where energy and environmental stewardship go hand in hand.
Products and Services
- Crude Oil, Natural Gas, and Natural Gas Liquids Exploration and Production
The core of California Resources Corporation's operations revolves around the exploration and production of essential energy resources, including crude oil, natural gas, and natural gas liquids. These resources are fundamental to powering industries, homes, and transportation, and they form a critical component of the energy mix necessary for a functioning economy.
- Marketing and Sales
The company plays a pivotal role in marketing and selling the extracted crude oil, natural gas, and natural gas liquids. It caters to a diverse clientele that includes marketers, California refineries, and other purchasers, ensuring that those with access to transportation and storage facilities can secure the vital energy resources they require.
- Electricity Generation and Sale
California Resources Corporation extends its operations beyond hydrocarbons by engaging in the generation and sale of electricity. This facet of their business focuses on supplying power to the wholesale market as well as the utility sector, leveraging the by-products of oil and gas production in a manner that contributes to the wider energy grid.
- Carbon Capture and Storage Projects
In its steadfast commitment to sustainability and environmental preservation, the company is actively involved in developing various carbon capture and storage (CCS) projects across California. These projects are integral to the company's mission of reducing carbon emissions and addressing climate change, signifying a forward-thinking approach to balancing energy production with ecological responsibility.
