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.
Revenue of California Resources Corporation (CRC)
Revenue in 2023 (TTM): $2.81 B
According to California Resources Corporation's latest financial reports the company's current revenue (TTM) is $2.81 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of California Resources Corporation
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $2.81 B | $1.33 B | $1.17 B | $748 M | $564 M |
| 2022 | $3.26 B | $1.79 B | $1.31 B | $761 M | $524 M |
| 2021 | $2.57 B | $1.28 B | $871 M | $229 M | $612 M |
| 2020 | $1.61 B | $308 M | $-188,000,000 | $1.87 B | $3.34 B |
| 2019 | $2.69 B | $1.23 B | $416 M | $100 M | $99 M |
| 2018 | $3.06 B | $1.65 B | $745 M | $429 M | $328 M |
| 2017 | $2.1 B | $676 M | $690 M | $-262,000,000 | $-266,000,000 |
| 2016 | $1.75 B | $394 M | $489 M | $201 M | $279 M |
| 2015 | $2.4 B | $448 M | $5.56 B | $-5,476,000,000 | $-3,554,000,000 |
| 2014 | $4.17 B | $1.95 B | $5.65 B | $-2,421,000,000 | $-1,434,000,000 |
| 2013 | $4.29 B | $2.08 B | $2.59 B | $1.45 B | $869 M |
| 2012 | $4.07 B | $1.93 B | $2.17 B | $1.18 B | $699 M |
| 2011 | $3.94 B | $2.19 B | $2.32 B | $1.64 B | $971 M |