UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-36478 California Resources Corporation (Exact name of registrant as specified in its charter) Delaware 46-5670947 ( ...

"A Different Kind of Energy Company" Fourth Quarter & Year End 2022 Results Strategic Realignment to Maximize Cash Flow Per Share February 24, 2023 Presenters Mac McFarland President & Chief Executive Officer Francisco Leon EVP & Chief Financial Officer Forward Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 193 ...

公司资产和生产 - 公司的证实储量截至2022年底为417 MMBoe，其中294 MMBbl为原油和凝析油储量，38 MMBbl为天然气液储量，511 BcF或85 MMBoe为天然气储量[23] - 公司持有约190万净矿产英亩，是加利福尼亚最大的非政府矿产英亩持有者，拥有97个不同的领域，约1万口操作井[23] - 公司截至2022年12月31日的平均净产量约为91 MBoe/d（60%为原油）[23] - 公司在San Joaquin Basin拥有Elk Hills等多个油田，拥有520MMcf/d的天然气处理能力和覆盖700,000英亩的3D地震图书库[26] - 公司在Los Angeles Basin拥有Wilmington和Huntington Beach等大型油田，正在考虑出售部分房地产资产[27] - 公司在Sacramento Basin拥有7.7百万英亩的天然气沉积物，具有未来发展和快速生产增长的潜力[28] - 公司已在2021年第四季度和2022年第一季度出售了绝大部分Ventura Basin的资产，剩余资产预计将在2023年上半年出售[29] - 公司在其他地区还拥有未开发的矿产权，包括Salinas Basin和Santa Maria Basin[30] - 公司的平均日净产量包括55MBbl/d的石油、11MBbl/d的NGL和147MMcf/d的天然气，2022年的平均实现油价为61.80美元/桶[34] - 公司截至2022年12月31日的生产性石油和天然气井数量为9,062个和1,078个[52] 公司战略和财务计划 - 公司的战略是继续开发石油和天然气资产，同时追求脱碳和能源转型领域的机会[15] - 公司计划在2023年将平均钻机数量降至1.5台，重点进行已获许可的项目的钻井计划[17] - 公司计划在2023年继续优化资本支出，专注于成本削减措施，并计划减少非能源运营成本和一般和行政成本[18] - 公司正在追求修订和延长或替换循环信贷设施的选项，以及为其6亿美元的优先票据寻求再融资选项[19] - 公司的董事会已授权将其股东回购计划增加30%，达到总额110亿美元，截至2022年12月31日，授权增加后剩余约6.4亿美元[21] 环境和可持续发展 - 公司致力于安全和可持续发展，并在环境和安全绩效方面展现领导力，实现了2022年99.9999%的防止油污率和0.62的工作人员TRIR[22] - 公司设定了全面净零目标，即到2045年永久存储捕获或去除的碳排放量，使其等于公司的范围1、2和3的排放量，这将通过现有和未来的脱碳项目实现[22] - 公司的核心战略是继续发展石油和天然气资产，同时追求脱碳和能源转型领域的机会[15] - 公司计划通过管理碳管理业务，包括与Brookfield合作成立Carbon TerraVault JV等方式，继续发展碳管理业务[16] 法规和政策影响 - 公司计划通过替代途径解决在加州 Kern 县的油气许可的 CEQA 合规性问题[84] - 加州立法和州长通过立法和政策声明显著增加了 CalGEM 等机构对油气活动的管辖权和执行权[84] - 洛杉矶市和县投票禁止新的油气井，但公司在洛杉矶郊区的运营不受影响[85] - 加州州长签署了将新油气生产井与敏感接收器之间的最小距离设定为 3200 英尺的法案[86] - 2024 年之前不计划在 Kern 县钻探和完成任何额外的井[84] - 71% 的未开发储量或 9% 的总储量与 Kern 县的井有关，需要获得许可[84]

"A Different Kind of Energy Company" January 2023 Investor Presentation Forward Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future financial position, business strategy, projected revenues, e ...

California Resources Corporation (NYSE:CRC) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Shawn Kerns - Executive Vice President & Chief Operating Officer Chris Gould - Executive Vice President and Chief Sustainability Officer Conference Call Participants Scott Hanold - RBC Capital Market ...

"Low Carbon Intensity Fuel for Today and Net Zero Fuel for The Future" Barclays 2022 CEO Energy Power Conference September 6-7, 2022 Forward Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future ...

California Resources Corporation (NYSE:CRC) Q2 2022 Earnings Conference Call August 4, 2022 12:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Conference Call Participants Scott Hanold - RBC Capital Markets Kalei Akamine - Bank of America Eric Seeve - GoldenTree Karl Blunden - Goldman Sachs Operator Good afternoon. Good day, everyone and wel ...

"Low Carbon Intensity Fuel for Today and Net Zero Fuel for The Future" Second Quarter 2022 Results August 3, 2022 Presenters Mac McFarland President & Chief Executive Officer Francisco Leon EVP & Chief Financial Officer Forward Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than histo ...

"Low Carbon Intensity Fuel for Today and Net Zero Fuel for The Future" Investor Presentation June 2022 Forward Looking / Cautionary Statements – Certain Terms This document contains statements that we believe to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding our future financial position, business ...

California Resources Corporation (NYSE:CRC) Q1 2022 Earnings Conference Call May 5, 2022 1:00 PM ET Company Participants Joanna Park - Vice President, Investor Relations and Treasurer Mac McFarland - President and Chief Executive Officer Francisco Leon - Executive Vice President and Chief Financial Officer Jay Bys - Chief Commercial Officer Chris Gould - Chief Sustainability Officer Shawn Kerns - Chief Operating Officer Conference Call Participants Scott Hanold - RBC Capital Leo Mariani - KeyBanc Doug Legga ...