California Resources publishes corporate presentation highlighting California oil output and Carbon TerraVault CCS project

California Resources Corp

California Resources Corp

CRC

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  • California Resources outlined a diversified platform anchored by oil-weighted production of 154 Mboe/d in 1Q26, with an estimated corporate PDP decline of 8%-13%.
  • Adj. EBITDAX guidance set at USD 1.4 billion-USD 1.5 billion at USD 91 Brent, with a target of about 1% entry-to-exit gross production growth.
  • Carbon TerraVault I began CO2 injection in May 2026 following final EPA approval, targeting up to about 100,000 metric tons per year of storage.
  • Balance sheet snapshot shows net debt of USD 1.3 billion, liquidity of USD 1.28 billion, net leverage below 1.1x, with debt in 8.250% 2029 Senior Notes and 7.000% 2034 Senior Notes.
  • Shareholder returns highlighted by USD 1.62 billion since 2021, including 27 million shares repurchased at an average price of USD 43.59.


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