California Resources Corporation operates as an independent oil and natural gas company, focusing on the exploration, production, gathering, processing, and marketing of crude oil, natural gas, and natural gas liquids. Its customers include marketers, California refineries, and other purchasers with access to transportation and storage facilities. The company also generates and sells electricity to local utilities and the grid. Revenue primarily comes from oil and gas production (approximately 85-90%) and electricity sales (approximately 10-15%). Factors supporting endurance include the company's substantial mineral acreage and reserves, while regulatory changes and fluctuations in commodity prices could limit its long-term viability.
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California Resources Corporation operates as an independent oil and natural gas company, focusing on the exploration, production, gathering, processing, and marketing of crude oil, natural gas, and natural gas liquids. Its customers include marketers, California refineries, and other purchasers with access to transportation and storage facilities. The company also generates and sells electricity to local utilities and the grid. Revenue primarily comes from oil and gas production (approximately 85-90%) and electricity sales (approximately 10-15%). Factors supporting endurance include the company's substantial mineral acreage and reserves, while regulatory changes and fluctuations in commodity prices could limit its long-term viability.
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Daily adjusted close
California Resources Corporation operates as an independent oil and natural gas company, focusing on the exploration, production, gathering, processing, and marketing of crude oil, natural gas, and natural gas liquids. Its customers include marketers, California refineries, and other purchasers with access to transportation and storage facilities. The company also generates and sells electricity to local utilities and the grid. Revenue primarily comes from oil and gas production (approximately 85-90%) and electricity sales (approximately 10-15%). Factors supporting endurance include the company's substantial mineral acreage and reserves, while regulatory changes and fluctuations in commodity prices could limit its long-term viability.