California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. It also provides Carbon TerraVault which build, install, operate, and maintain CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.
Energy Transition | Explore CRC's strategic pivot from traditional oil and gas to carbon capture, positioning itself at the forefront of California's decarbonization efforts |
Financial Resilience | Delve into CRC's robust financial performance, maintaining cash flow guidance despite market volatility and showcasing operational efficiency |
Regulatory Tailwinds | Learn how evolving California energy policies could benefit CRC, potentially streamlining permitting processes and supporting carbon management initiatives |
Valuation Insights | Analyst price targets range from $36 to $75, with an average of $57, reflecting diverse views on CRC's growth potential in the carbon capture market |
Metrics to compare | CRC | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipCRCPeersSector | |
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P/E Ratio | 6.1x | 11.6x | 5.0x | |
PEG Ratio | 0.03 | −0.23 | 0.00 | |
Price/Book | 1.2x | 0.6x | 1.1x | |
Price / LTM Sales | 1.1x | 0.8x | 1.2x | |
Upside (Analyst Target) | 35.4% | 32.5% | 22.6% | |
Fair Value Upside | Unlock | 27.0% | 8.9% | Unlock |