California Resources (CRC) - 2024 Q1 - Earnings Call Presentation

First Quarter 2024 Results May 7, 2024 Presenters Francisco Leon President and Chief Executive Officer Nelly Molina EVP and Chief Financial Officer Key Takeaways Key Takeaways 76MBOE/D RETURNED 94MMTOSHAREHOLDERSYTD11Q24NETPRODUCTIONReducedoutstandingsharecountby 1994MM TO SHAREHOLDERS YTD1 1Q24 NET PRODUCTION Reduced outstanding share count by ~19% since program inception in May 2021 63% 14% 23% Oil NGLs Gas 87MM GENERATED $149MM OF ADJ. EBITDAX* IN 1Q24 1Q24 OPERATING CASH FLOW Robust financial and operational performance; Reservoirs performed as expected with flat entry to ...