California Resources Corporation (NYSE: CRC) is an oil and natural gas exploration and production company operating properties exclusively in the state of California. CRC explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids. CRC has a large portfolio of lower-risk conventional opportunities in each of California’s four major oil and gas basins: San Joaquin, Los Angeles, Ventura and Sacramento. CRC is California’s largest oil and natural gas producer on a gross-operated basis, with approximately 4,000 employees and contractors. The company specializes in applying advanced technology to increase production from its diverse portfolio of reserves. CRC is committed to ensuring safety and protecting the environment everywhere it operates.
Type
Public
HQ
Los Angeles, US
Size (employees)
2,000 (est)
Website
crc.com
California Resources Corporation is headquartered in Los Angeles, US
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California Resources Corporation Office Locations

California Resources Corporation has an office in Los Angeles
Los Angeles, US (HQ)
9200 Oakdale Ave
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California Resources Corporation Financials and Metrics

California Resources Corporation Financials

California Resources Corporation's revenue was reported to be $1.55 b in FY, 2016 which is a 35.6% decrease from the previous period.
USD

Net income (Q3, 2017)

(132 m)

EBIT (Q3, 2017)

(47 m)

Market capitalization (5-Feb-2018)

818.6 m

Cash (3-Feb-2018)

28 m
California Resources Corporation's current market capitalization is $818.6 m.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

4.2 b2.4 b1.5 b

Revenue growth, %

(42%)(36%)

Cost of goods sold

139 m

Gross profit

4 b
Quarterly
USDQ2, 2017Q3, 2017

Cost of goods sold

6 m5 m

General and administrative expense

61 m

Operating expense total

61 m

EBIT

39 m(47 m)
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

12 m12 m

Accounts Receivable

200 m232 m

Inventories

58 m58 m

Current Assets

497 m425 m
Quarterly
USDQ2, 2017Q3, 2017

Cash

9 m28 m

Inventories

57 m58 m

Current Assets

387 m452 m

Total Assets

6.2 b6.2 b
Annual
USDFY, 2014FY, 2015FY, 2016

Depreciation and Amortization

1.2 b

Inventories

14.8 m(15.6 m)

Accounts Payable

(26.6 m)28.6 m
Quarterly
USDQ3, 2017

Net Income

(132 m)

Inventories

58 m

Accounts Payable

263 m
USDY, 2017

Financial Leverage

-10.8 x
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