California Resources Corporation (CRC)
California Resources Corporation (CRC) is an independent oil and natural gas exploration and production company focused on developing hydrocarbon resources in California's Central Valley and other regions. Established in 2014 and headquartered in Los Angeles, CRC operates through various owned and operated assets, emphasizing responsible resource development and environmental stewardship within its core basins.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| September 12, 2025 | $0.39 | 2025-08-27 | 2025-08-27 |
| June 13, 2025 | $0.39 | 2025-05-30 | 2025-05-30 |
| March 21, 2025 | $0.39 | 2025-03-10 | 2025-03-10 |
| December 16, 2024 | $0.39 | 2024-12-02 | 2024-12-02 |
| September 16, 2024 | $0.39 | 2024-08-30 | 2024-08-30 |
Dividends Summary
- California Resources Corporation has issued 16 dividend payments over the past 4 years
- The most recent dividend was paid 40 days ago, on September 12, 2025
- The highest dividend payed out to investors during this period was $0.39 per share
- The average dividend paid during this period was $0.29 per share.
Company News
California Resources Corporation launched Carbon TerraVault I, the state's first carbon capture and storage project in Kern County, capable of storing up to 1.6 million metric tons of CO₂ annually, with first injection planned for early 2026.
The article discusses five companies expected to significantly increase their dividend payouts in the upcoming quarter, highlighting their financial performance, growth strategies, and potential for dividend expansion.
Analysts have a mix of bullish and bearish perspectives on California Resources, with an average 12-month price target of $65.2. The company's financials show challenges, including a decline in revenue growth and below-industry average net margin, ROE, and ROA.
California Resources (CRC) expects capital expenditure to be in the $170-$210 million range for the combined entity and net daily production in the band of 140-146 mboe per day for second-half 2024.
