California Resources (CRC)
Produces California and Utah oil and gas while operating carbon storage and well services.
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Produces oil, natural gas liquids and natural gas from mostly conventional fields in California and Utah, selling nearly all California crude to in-state refiners. Carbon TerraVault develops capture, transport and underground storage and has begun injecting carbon dioxide, while C&J provides well servicing and abandonment.
Explores for and produces crude oil, condensate, natural gas liquids and natural gas from oil-weighted fields across California and Utah. The oil and natural gas segment operates mature conventional reservoirs with steamfloods, waterfloods, gas processing and field power infrastructure; C&J Well Services adds well servicing and abandonment work. California refineries buy nearly all of the crude produced from its California fields.
Develops carbon capture, transport and permanent underground storage through Carbon TerraVault and its Brookfield joint venture. Carbon TerraVault I now injects carbon dioxide from the Elk Hills cryogenic gas plant into a nearby depleted reservoir, making the carbon segment operational and revenue-generating. Results remain tied to commodity prices, California drilling and emissions rules, refinery and pipeline access, and tax credits and shared approvals supporting carbon storage.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Stephens | Reiterate | Rating: —Target: $85 | Target: $91 |
| Sep 17, 2026 | Roth Capital | Reiterate | Rating: —Target: $63 | Target: $59 |
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $67 | Target: $73 |
| Sep 2, 2026 | Seaport Global | Initiate | Rating: — | |
| Aug 17, 2026 | Barclays | Reiterate | Rating: —Target: $77 | Target: $74 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $56.0M · Total debt $1.35B · Total assets $7.10B · Shareholders' equity $3.40B
- Revenue
- $1.30B
- Operating income
- $511.0M
- Net income
- $514.0M
HistoryDividendAnnual yield
| Institutions | 104.45% | 92.77M shares | |
|---|---|---|---|
| 375 holders · as of Jun 30, 2026 | |||
| Insiders | 1.47% | 1.30M shares | |
| 17 holders · as of Sep 8, 2026 | |||
| Strategic holders | 14.10% | 12.53M shares | |
| 2 holders · as of Jan 31, 2024 | |||
| Adds to | 120.02% | ||
88.82M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 120.02%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.49% | 11.98M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 10.17% | 9.03M | filed Mar 11, 2022 |
Canada Pension Plan Investment BoardInstitution | 7.89% | 7.01M | as of Jun 30, 2026 |
Gimbel Daniel ScottInstitution | 7.03% | 6.24M | as of Jun 30, 2026 |
Solar Projects LLCInstitution | 6.92% | 6.15M | filed Feb 14, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Jay A. Bys | officer: EVP & Chief Commercial Officer | −11,907 | $54.00 |
| Aug 10, 2026 | Jay A. Bys | officer: EVP & Chief Commercial Officer | −11,907 | $54.00 |
| Jul 13, 2026 | Jay A. Bys | officer: EVP & Chief Commercial Officer | −11,907 | $54.00 |
| Jun 4, 2026 | Jay A. Bys | officer: EVP & Chief Commercial Officer | −11,907 | $61.68 |
| May 12, 2026 | Michael L. Preston | officer: EVP, Chf Strategy Officer & GC | −26,409 | $59.82 |
- Chevron
California production scale plus lower-carbon infrastructure overlap
- Occidental Petroleum
Upstream E&P and carbon removal overlap through 1PointFive
- ExxonMobil
Global oil and gas scale plus Low Carbon Solutions CCS overlap
- EOG Resources
Independent U.S. E&P peer competing for reserves and services
- Devon Energy
Onshore U.S. E&P peer across oil, gas and NGL production
- Talos Energy
Offshore E&P and CCS project-development model overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| California Resources | $52.45 | +0.81% | $4.62B | — | 12.9 | 1.2 | +59.0% |
| Chevron | $205.59 | +1.56% | $403.16B | 19.4 | 12.8 | 1.9 | +57.9% |
| Occidental Petroleum | $57.27 | +1.70% | $56.01B | 8.7 | 12.2 | 2.2 | +25.7% |
| ExxonMobil | $161.00 | +1.46% | $657.68B | 20.4 | 13.2 | 1.8 | +46.0% |
| EOG Resources | $141.38 | +1.33% | $74.31B | 10.9 | 9.0 | 2.8 | +60.5% |
| Devon Energy | $48.22 | +2.74% | $51.62B | 11.1 | 9.5 | 2.6 | +83.2% |
| Talos Energy | $16.33 | +1.49% | $2.69B | — | 14.2 | 1.4 | +56.5% |
| Median | 11.1 | 12.5 | 2.1 | +57.2% |