California Resources (CRC) Tops Q4 EPS by 4c
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California Resources Corporation Announces Fourth Quarter 2015 Financial Results
February 29, 2016 4:24 PM ESTLOS ANGELES--(BUSINESS WIRE)-- California Resources Corporation ("CRC" or the "Company") (NYSE: CRC), an independent California-based oil and gas exploration and production company, today announced an adjusted net loss1 of $77 million or ($0.20) per diluted share for the fourth quarter of 2015, compared with an adjusted net loss of $7 million or ($0.02) per diluted share for the fourth quarter of 2014. The adjusted net loss for the full year of 2015 was $311 million or ($0.81) per diluted share, compared with an adjusted net income of $650 million or $1.67 per diluted share for the same period in 2014. Adjusted EBITDAX2 for the fourth quarter... More
