California Resources Corporation (CRC)
After hours:
- Reuters
Exclusive-Kimmeridge builds stake in California Resources, in talks for changes
(Reuters) -Kimmeridge Energy Management Co LLC on Monday confirmed it has amassed a stake in California Resources Corp and is engaging with the oil and gas producer to make changes that include selling some acreage to real estate developers. Sources familiar with the matter had earlier told Reuters the energy-focused activist investment firm owns more than 3 million shares in California Resources, equivalent to about a 4% stake, and has been in talks with the company's management in recent weeks on measures to boost its valuation. In a statement, Mark Viviano, head of public equities at Kimmeridge, said it had "maintained a constructive and collaborative dialogue with the management team".
- Business Wire
California Resources Corporation Releases 2021 Sustainability Report Detailing ESG Performance and Progress on Sustainability Initiatives
LONG BEACH, Calif., August 10, 2022--California Resources Corporation (NYSE: CRC) today announced the publication of its 2021 Sustainability Report. The report provides an overview of CRC’s continuous progress on its sustainability efforts in environmental, social and governance (ESG) performance as the company advances its commitment to the energy transition and decarbonization of local economies.
- Business Wire
California Resources Corporation Announces the Formation of a California Carbon Management Partnership with Brookfield Renewable, Reports Strong Second Quarter 2022 Results and Increases Full Year 2022 Free Cash Flow1 Guidance
LONG BEACH, Calif., August 03, 2022--California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today announced the formation of a joint venture (the "JV") with Brookfield Renewable ("Brookfield"), creating a carbon management partnership focused on carbon capture and sequestration ("CCS") development and reported second quarter 2022 operational and financial results.
