California Resources (CRC) Reports Q4 Revenues Beat

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Go back to California Resources (CRC) Reports Q4 Revenues Beat

California Resources Corporation Announces Fourth Quarter 2020 and Full Year Results

March 11, 2021 4:15 PM EST

SANTA CLARITA, Calif.--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent California-based oil and natural gas exploration and production company, today reported fourth quarter and full year 2020 results. Operational and financial highlights were as follows:

2020 Fourth Quarter and Full Year Highlights

For the full year of 2020, CRC reported net income of $1,871 million and an adjusted net loss attributable to common stock1 of $257 million, excluding unusual and infrequent items primarily related to CRCs bankruptcy proceedings and asset impairments For... More