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CRC| Name | Value |
|---|---|
| Revenues | 509.0M |
| Cost of Revenue | 296.0M |
| Gross Profit | 213.0M |
| Operating Expense | 102.0M |
| Operating I/L | 111.0M |
| Other Income/Expense | -27.0M |
| Interest Income | 10.0M |
| Pretax | 11.0M |
| Income Tax Expense | 3.0M |
| Net Income/Loss | 8.0M |
California Resources Corporation is an independent oil and natural gas company that explores, produces, and markets crude oil, natural gas, and natural gas liquids. It operates in California, selling to local refineries and other purchasers with access to transportation and storage facilities. The company also generates and sells electricity to the local utility and the grid. With interests in approximately 1.9 million net mineral acres and proved reserves totaling an estimated 480 million barrels of oil equivalent, California Resources Corporation focuses on the exploration, production, and sale of energy products to sustain its business operations.
