California Resources Corporation operates as an independent oil and natural gas company. The company explores for, produces, gathers, processes, and markets crude oil, natural gas, and natural gas liquids for marketers, California refineries, and other purchasers that have access to transportation and storage facilities. As of December 31, 2021, it had interests in approximately 1.9 million net mineral acres with proved reserves totaled an estimated 480 million barrels of oil equivalent. The company also engages in the generation and sale of electricity to the local utility and the grid. The company was incorporated in 2014 and is based in Santa Clarita, California.
P/E ratio for California Resources Corporation (CRC)
P/E ratio as of 2023: 6.75
According to California Resources Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.75. At the end of 2022 the company had a P/E ratio of 6.27.
P/E ratio history for California Resources Corporation from 2011 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 6.75 |
| 2022 | 6.27 |
| 2021 | 5.72 |
| 2020 | 0.59 |
| 2019 | 4.47 |
| 2018 | 2.46 |
| 2017 | -3.11 |
| 2016 | 3.08 |
| 2015 | -0.25 |
| 2014 | -1.47 |
| 2013 | 4.60 |
| 2012 | 5.72 |
| 2011 | 32.28 |