California Resources (CRC) - 2024 Q2 - Earnings Call Presentation

Second Quarter 2024 Results August 7, 2024 Presenters Francisco Leon President and Chief Executive Officer Nelly Molina EVP and Chief Financial Officer Higher Less Better MERGER CLOSED JULY 1, 2024 + ACCELERATED CASH RETURNS 1 Raised fixed dividend by 25% Returned 136MMor142136MM or 142% of 1H24 FCF* to shareholders1 Increased Aera merger targeted synergies to 235MM which includes a reduction of 60MM2inannualinterestexpenseand60MM2in annual interest expense and 25 million in additional operational synergies CRC STANDALONE METRICS 76MBOE/D 2Q24 ...