California Resources reports Q4 adjusted EPS 91c, consensus 97c

Reports Q4 revenue $877M, consensus $901.36M. Delivered average net production of 141 thousand barrels of oil equivalent per day; exited 2024 with 163 MBoe/d of gross production.”We delivered exceptional results in 2024, while successfully completing our transformative merger with Aera Energy. We proved our ability to seamlessly integrate assets and drive synergies. Today, we have the right people, portfolio, and business plan to help lead California’s decarbonization efforts,” said CRC President and CEO Francisco Leon. “In 2025, we are focused on delivering value through our integrated asset portfolio, combining conventional oil and gas, carbon management and an expanding power solutions business. We will maintain financial strength to generate sustainable cash flow, while returning significant capital through dividends and opportunistic share buybacks to our shareholders.”