California Resources Corporation - New chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 42.62
Dividend & Yield1.13$ (2.65%)
Beta 1.68
Market capitalization 3.14B
Operating cash flow 690M
ESG Scores unknown

Company description

California Resources Corporation operates as an independent oil and natural gas exploration and production company in the United States. The company explores, produces, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. It also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Long Beach, California.

Sector: Energy - Industry: Oil & Gas E&P

Financial Ratios
Quick Ratio0.81
Working Capital-6.06
Return On Equity0.36
Debt To Equity0.35
Fixed Asset Ratio0.47
Fixed Interest Cover3.89

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -27M -68M 8M -11M
Total Cashflows From Investing Activities -394M -37M -161M -317M
Net Borrowings -179M -322M 1M
Total Cash From Financing Activities -282M -58M -222M -371M
Change To Operating Activities -1M 8M -47M 35M
Issuance Of Stock 4M 446M 2M 1M
Net Income -28M 1.77B 612M 524M
Change In Cash 11M 11M 277M 2M
Effect Of Exchange Rate
Total Cash From Operating Activities 676M 106M 660M 690M
Depreciation 471M 362M 213M 198M
Change To Account Receivables 22M 100M -68M -81M
Other Cashflows From Financing Activities -104M -181M -63M
Change To Netincome 239M -2.17B -58M 25M
Capital Expenditures -455M -47M -194M -379M

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 100M 1.87B 229M 761M
Net Income -28M 1.77B 612M 524M
Selling General Administrative 310M 258M 202M 218M
Gross Profit 1.49B 759M 1.48B 1.94B
Ebit 575M -153M 177M 719M
Operating Income 575M -153M 177M 719M
Interest Expense -383M
Income Tax Expense 1M -396M 237M
Total Revenue 2.69B 1.59B 2.53B 3.22B
Cost Of Revenue 1.2B 833M 1.05B 1.27B
Total Other Income ExpenseNet -475M 2.02B 52M 42M
Net Income From Continuing Ops 99M 1.87B 625M 524M
Net Income Applicable To Common Shares -28M 1.77B 612M 524M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 6.45B 1.89B 2.16B 2.1B
Total Stockholder Equity -389M 1.14B 1.69B 1.86B
Other Current Liabilities 33M 121M 424M 401M
Total Assets 6.96B 3.07B 3.85B 3.97B
Common Stock 1M 1M 1M
Other Current Assets 41M 1M 49M 72M
Retained Earnings -5.37B -123M 475M 938M
Treasury Stock -23M -8M -76M -380M
Cash 17M 28M 305M 307M
Total Current Liabilities 709M 473M 854M 894M
Other Stockholder Equity -23M -8M 72M 81M
Property, Plant, and Equipment 6.41B 2.69B 2.64B 2.86B
Total Current Assets 491M 329M 753M 864M
Net Tangible Assets -389M 1.14B 1.69B 1.86B
Net Receivables 347M 219M 292M 408M
Accounts Payable 296M 212M 266M 345M


Insider Transactions

Here are the insider transactions of stock shares related to California Resources Corporation - New:

Filer Name Transaction Text Ownership Date Filer Relation Shares
PRESTON MICHAEL L.Stock Award(Grant) at price 0.00 per share.D2023-02-23General Counsel36.85k
KERNS SHAWN MStock Award(Grant) at price 0.00 per share.D2023-02-23Chief Operating Officer35.54k
REPETTI NOELLE MStock Award(Grant) at price 0.00 per share.D2023-02-23Officer7.9k
LEON FRANCISCOStock Award(Grant) at price 0.00 per share.D2023-02-23Chief Financial Officer74.04k
BYS JAY AStock Award(Grant) at price 0.00 per share.D2023-02-23Officer35.54k
GOULD CHRISTOPHER DStock Award(Grant) at price 0.00 per share.D2023-02-23Officer35.73k
ROBY WILLIAM BPurchase at price 45.23 per share.D2022-09-06Director103
VELTMANN ALEJANDRAStock Award(Grant) at price 0.00 per share.D2022-05-04Director4.59k
NEEMAN BRADY NICOLE ELANAStock Award(Grant) at price 0.00 per share.D2022-05-04Director4.59k
BREMNER ANDREW BStock Award(Grant) at price 0.00 per share.D2022-05-04Director4.59k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.99 - 44.69 per share.I2022-04-06Beneficial Owner of more than 10% of a Class of Security229.3k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 47.48 - 48.90 per share.I2022-03-30Beneficial Owner of more than 10% of a Class of Security376.69k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 46.65 - 49.78 per share.I2022-03-28Beneficial Owner of more than 10% of a Class of Security609.21k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.65 per share.I2022-03-21Beneficial Owner of more than 10% of a Class of Security5.05k
ARES MANAGEMENT LLCSale at price 43.18 - 45.16 per share.I2022-03-08Beneficial Owner of more than 10% of a Class of Security575k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.71 per share.I2022-03-07Beneficial Owner of more than 10% of a Class of Security65.49k
ARES MANAGEMENT LLCSale at price 42.77 - 42.80 per share.I2022-03-04Beneficial Owner of more than 10% of a Class of Security93.8k
ARES MANAGEMENT LLCSale at price 42.55 - 42.72 per share.I2022-03-02Beneficial Owner of more than 10% of a Class of Security173.09k
ARES MANAGEMENT LLCSale at price 42.53 - 42.85 per share.I2022-02-14Beneficial Owner of more than 10% of a Class of Security104.2k
ARES MANAGEMENT LLCSale at price 42.79 - 43.57 per share.I2022-02-08Beneficial Owner of more than 10% of a Class of Security53.34k
ARES MANAGEMENT LLCSale at price 44.02 - 44.42 per share.I2022-02-04Beneficial Owner of more than 10% of a Class of Security105k
ARES MANAGEMENT LLCSale at price 44.44 - 45.36 per share.I2022-02-02Beneficial Owner of more than 10% of a Class of Security300k
ARES MANAGEMENT LLCSale at price 42.52 - 42.62 per share.I2022-01-31Beneficial Owner of more than 10% of a Class of Security63.13k
ARES MANAGEMENT LLCSale at price 42.76 - 43.12 per share.I2022-01-27Beneficial Owner of more than 10% of a Class of Security75.93k
ARES MANAGEMENT LLCSale at price 42.64 - 44.30 per share.I2022-01-21Beneficial Owner of more than 10% of a Class of Security182.91k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.92 per share.I2022-01-20Beneficial Owner of more than 10% of a Class of Security10.2k
ARES MANAGEMENT LLCSale at price 43.18 - 43.73 per share.I2022-01-19Beneficial Owner of more than 10% of a Class of Security178k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 45.08 - 45.24 per share.I2022-01-14Beneficial Owner of more than 10% of a Class of Security28.31k
ARES MANAGEMENT LLCSale at price 44.08 - 44.88 per share.I2022-01-14Beneficial Owner of more than 10% of a Class of Security200k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.76 - 44.65 per share.I2022-01-12Beneficial Owner of more than 10% of a Class of Security323.18k
ARES MANAGEMENT LLCSale at price 43.61 - 44.38 per share.I2022-01-12Beneficial Owner of more than 10% of a Class of Security300k
ARES MANAGEMENT LLCSale at price 42.54 - 43.25 per share.I2022-01-10Beneficial Owner of more than 10% of a Class of Security113.34k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 44.43 - 44.45 per share.I2022-01-06Beneficial Owner of more than 10% of a Class of Security50.62k
ARES MANAGEMENT LLCSale at price 43.66 - 43.80 per share.I2022-01-06Beneficial Owner of more than 10% of a Class of Security250k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.55 - 44.59 per share.I2022-01-04Beneficial Owner of more than 10% of a Class of Security330.35k
ARES MANAGEMENT LLCSale at price 43.55 - 44.80 per share.I2022-01-04Beneficial Owner of more than 10% of a Class of Security350k
ARES MANAGEMENT LLCSale at price 42.78 - 42.92 per share.I2021-12-31Beneficial Owner of more than 10% of a Class of Security61.9k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.57 per share.I2021-12-30Beneficial Owner of more than 10% of a Class of Security3.75k
ARES MANAGEMENT LLCSale at price 43.12 per share.I2021-12-29Beneficial Owner of more than 10% of a Class of Security40.93k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 43.52 - 43.61 per share.I2021-12-28Beneficial Owner of more than 10% of a Class of Security15.92k
ARES MANAGEMENT LLCSale at price 43.04 - 43.12 per share.I2021-12-28Beneficial Owner of more than 10% of a Class of Security100k
ARES MANAGEMENT LLCSale at price 42.56 per share.I2021-12-23Beneficial Owner of more than 10% of a Class of Security541
GOLDENTREE ASSET MANAGEMENT, L.P.Purchase at price 38.70 per share.I2021-12-20Beneficial Owner of more than 10% of a Class of Security6.9k
VELTMANN ALEJANDRAStock Award(Grant) at price 0.00 per share.D2021-12-17Director1.91k
ARES MANAGEMENT LLCSale at price 42.50 per share.I2021-12-17Beneficial Owner of more than 10% of a Class of Security3.07k
ARES MANAGEMENT LLCSale at price 42.67 - 43.27 per share.I2021-12-16Beneficial Owner of more than 10% of a Class of Security113.11k
ARES MANAGEMENT LLCSale at price 42.68 - 43.37 per share.I2021-12-14Beneficial Owner of more than 10% of a Class of Security101.38k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 44.04 - 44.52 per share.I2021-12-13Beneficial Owner of more than 10% of a Class of Security10.66k
GOLDENTREE ASSET MANAGEMENT, L.P.Sale at price 44.85 - 44.94 per share.I2021-12-10Beneficial Owner of more than 10% of a Class of Security85.41k
ARES MANAGEMENT LLCSale at price 45.00 - 45.02 per share.I2021-12-10Beneficial Owner of more than 10% of a Class of Security37.67k
REPETTI NOELLE MStock Award(Grant) at price 0.00 per share.D2021-11-16Officer1.47k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to California Resources Corporation - New. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on California Resources Corporation - New

Here is the result of two systematic investment strategies applied to California Resources Corporation - New. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on California Resources Corporation - New

The following chart shows the equity curve of the two systematic investment strategies applied to California Resources Corporation - New:

California Resources Corporation - New automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 307.5% on the backtest period.

Performance at glance

Performance

307.5 %

Latent gain

6878.95 $

Invested capital

2237.05 $

Annualized return

74.64 %
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Momentum strategy results on California Resources Corporation - New

This is the result of two momentum investment strategies applied to California Resources Corporation - New. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on California Resources Corporation - New

The following chart shows all the entries opened by the momentum investment system on California Resources Corporation - New:

California Resources Corporation - New momentum entries
  • The first momentum investment strategy would give 641.09% of return on California Resources Corporation - New. That represents 25889.63$ of latent gain with 4038.37$ of employed capital.
  • The second momentum investment strategy would give 582.47% of return on California Resources Corporation - New. That represents 18900.15$ of latent gain with 3244.85$ of employed capital.
Performance at glance (1Q Momentum)

Performance

641.09 %

Latent gain

25889.63 $

Invested capital

4038.37 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

582.47 %

Latent gain

18900.15 $

Invested capital

3244.85 $

Annualized return

160.02 %

Momentum equity curve on California Resources Corporation - New

The following chart shows the equity curve of the two momentum strategies applied to California Resources Corporation - New:

California Resources Corporation - New momentum equity

Note: the dividends potentially given by California Resources Corporation - New are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on California Resources Corporation - New

The following chart shows the employed capital evolution of the two momentum strategies on California Resources Corporation - New since the beginning:

California Resources Corporation - New

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on California Resources Corporation - New

Buy the dip entry openings on California Resources Corporation - New

California Resources Corporation - New

The performance achieved by the robo-advisor on California Resources Corporation - New is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows California Resources Corporation - New stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of California Resources Corporation - New, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to California Resources Corporation - New

The following chart shows the result of the investment strategy applied to California Resources Corporation - New:

California Resources Corporation - New

Note: the dividends potentially given by California Resources Corporation - New are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on California Resources Corporation - New

The following chart shows the employed capital evolution since the beginning of the investment strategy on California Resources Corporation - New:

California Resources Corporation - New

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on California Resources Corporation - New

In this section, I will compare the three previous investment strategies applied to California Resources Corporation - New.

Equity curve comparison on California Resources Corporation - New

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

California Resources Corporation - New investment strategy comparison

Employed capital comparison on California Resources Corporation - New

California Resources Corporation - New investment comparison

Performance comparison on California Resources Corporation - New

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 307.5% 6878.95$ 2237.05$ 74.64%
Momentum 1 quarter 641.09% 25889.63$ 4038.37$ 165.23%
Momentum 2 quarters 582.47% 18900.15$ 3244.85$ 160.02%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

74.64 %

Momentum 1Q

160.02 %

Momentum 2Q

160.02 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with California Resources Corporation - New:

Positive correlations

Most correlated stocks this year

  • California Resources Corporation - New

  • Most correlated stocks last 3 months

  • Intergroup Corp
  • California Resources Corporation - New

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • INTERNATIONAL TOWER HILL MINES LTD
  • KINGBOARD HLDG
  • AVICHINA
  • MEITUAN-W

  • Note: The algorithm computes the probability of correlation between California Resources Corporation - New and the other stocks. There may be false positives or some missing correlated stocks. If the price of California Resources Corporation - New does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name California Resources Corporation - New
    Country United States
    City Long Beach
    Address 1 World Trade Center
    Phone 888 848 4754
    Website www.crc.com
    FullTime employees 1060
    Industry Oil & Gas E&P
    Sector Energy
    Exchange XNYS
    Ticker CRC
    Market www.nyse.com

    California Resources Corporation - New ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown