CALIFORNIA RESOURCES CORP (CRC)
Energy · Oil and natural gas exploration and production (E&P) · NYSE
California oil and natural gas producer pursuing carbon capture and storage, electricity generation, and portfolio transformation through acquisitions in the lower 48 states.
What CALIFORNIA RESOURCES CORP does
California Resources Corporation is an independent oil and natural gas exploration and production company operating primarily in California. The company produces crude oil, natural gas, and natural gas liquids, and also operates electricity generation assets and develops carbon capture and storage capabilities. Recent acquisitions of Aera Energy (July 2024) and Berry Corporation (December 2025) have significantly expanded its asset base and geographic footprint across the United States.
Themes: ["Oil and gas exploration and production","Carbon capture and storage / direct air capture","Renewable electricity generation","Energy commodities trading and hedging","California energy assets","Net zero emissions transition (Scope 1 & 2)"]
Fundamentals
- Price$52.63 as of 2026-07-09 close
- Market cap$4.7B as of 2026-07-10
- 1-year return+10.2% as of 2026-07-09 close
- P/E12.87 as of 2026-07-10
- Net margin-16.1% as of 2026-07-10
- Gross margin+54.8% as of 2026-07-10
- ROE-13.8% as of 2026-07-10
- Debt / equity0.45 as of 2026-07-10
- Revenue growth (YoY)-21.3% as of 2026-07-10
- Revenue CAGR (3y)+10.7% SEC XBRL
- Beta0.90 as of 2026-07-10
Dividend: yield +3.1%; 4-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Commodity price exposure: Oil, natural gas, and NGL revenues are volatile and depend on NYMEX and regional prices; net margin is currently negative (-16.1%) due to market conditions.","Integration and capital intensity: Recent acquisitions of Aera Energy and Berry Corporation create significant integration risks and capital deployment demands; the company carries substantial debt from financing these transactions.","Regulatory and energy transition risk: California's stringent environmental regulations (CEQA, CalGEM, Low Carbon Fuel Standard) and transition toward net zero by 2045 could constrain production and increase operating costs; federal tariff expansion (50% on steel/aluminum) threatens capital and operating expenses."]
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.