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Last $3.88 USD
Change Today +0.45 / 13.12%
Volume 9.9M
As of 8:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

california resources corp (CRC) Snapshot

Open
$3.46
Previous Close
$3.43
Day High
$3.96
Day Low
$3.18
52 Week High
04/17/15 - $9.87
52 Week Low
08/26/15 - $2.67
Market Cap
1.5B
Average Volume 10 Days
6.7M
EPS TTM
$0.61
Shares Outstanding
386.4M
EX-Date
09/8/15
P/E TM
6.3x
Dividend
$0.04
Dividend Yield
0.52%
Current Stock Chart for CALIFORNIA RESOURCES CORP (CRC)

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california resources corp (CRC) Details

California Resources Corporation operates as an oil and natural gas exploration and production company in the State of California. It produces oil, natural gas, and natural gas liquids. The company holds interests in approximately 2.4 million net acres. It also gathers, processes, and markets oil and gas products, as well as produces and sells power. The company is headquartered in Los Angeles, California.

1,990 Employees
Last Reported Date: 03/30/15

california resources corp (CRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.4M
Executive Chairman
Total Annual Compensation: $1.4M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $1.4M
Executive Vice President of Exploration
Total Annual Compensation: $1.1M
Executive Vice President of Finance
Total Annual Compensation: $720.0K
Compensation as of Fiscal Year 2014.

california resources corp (CRC) Key Developments

California Resources Corporation Announces Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Reiterates Production Guidance for the Year 2015; Provides Financial Guidance for the Third Quarter of 2015

California Resources Corporation announced earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, adjusted net loss was $51 million or a loss of $0.13 per diluted share compared to adjusted net income of $246 million or $0.63 per diluted share for the prior year period. The reported net loss for the second quarter was $68 million or a loss of $0.18 per diluted share. Adjusted EBITDAX was $270 million, and cash flow before working capital changes was $166 million. EBITDAX was $72 million higher than the first quarter, but $457 million lower than last year's second quarter due largely to lower commodity prices, offset in part by an improvement in margins. Capital investment amounted to $95 million during the second quarter, which was $38 million lower than the prior quarter. Net debt decreased slightly from the first quarter to approximately $6.5 billion. Revenues were $634 million compared to $1,140 million a year ago. Loss before income taxes was $114 million compared to income before income taxes of $408 million a year ago. Net cash provided by operating activities was $117 million compared to $496 million a year ago. For the six months, adjusted EBITDAX was $468 million compared to $1.4 billion for the same period in 2014. Revenues were $1,211 million compared to $2,261 million a year ago. Loss before income taxes was $283 million compared to income before income taxes of $782 million a year ago. Net loss was $138 million or $0.44 per diluted share compared to net income of $469 million or $1.21 per diluted share a year ago. Adjusted net loss was $148 million or $0.39 per diluted share compared to adjusted net income of $469 million or $1.21 per diluted share a year ago. Net cash provided by operating activities was $232 million compared to $1,236 million a year ago. For the quarter, the company reported oil production of 104 MBbl/d compared to 97 MBbl/d a year ago. NGLs production was 18 MBbl/d compared to 18 MBbl/d a year ago. Natural gas production was 234 MMcf/d compared to 243 MMcf/d a year ago. Total barrels of oil equivalent was 161 MBoe/d compared to 156 MBoe/d a year ago. For the six months, the company reported oil production of 106 MBbl/d compared to 96 MBbl/d a year ago. NGLs production was 18 MBbl/d compared to 18 MBbl/d a year ago. Natural gas production was 238 MMcf/d compared to 243 MMcf/d a year ago. Total barrels of oil equivalent was 163 MBoe/d compared to 155 MBoe/d a year ago. For the third quarter of 2015, the company expects production in the range of 153 to 159 Mboe per day, capital in the range of $105 million to $115 million, general and administrative expenses in the range of $5.10 to $5.30 per boe, depreciation, depletion and amortization in the range of $17.25 to $17.45 per boe, exploration expense in the range of $9 million to $13 million, interest expense in the rage of $82 million to $84 million and income tax expense rate of 40%. The company in total continues to reiterate production guidance that crude oil production will be flat to up over the 2014 average and total production will be flat to down slightly in 2015.

California Resources Corporation Announces Quarterly Dividend, Payable on October 15, 2015

California Resources Corporation announced that its Board of Directors has approved a quarterly dividend of 1 cent per share, payable October 15, 2015 to stockholders of record at the close of business on September 10, 2015. The current annualized rate would be $0.04 per share.

California Resources Corporation to Report Q2, 2015 Results on Aug 06, 2015

California Resources Corporation announced that they will report Q2, 2015 results After-Market on Aug 06, 2015

 

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