CRC - Dividend announcements

KERN COUNTY, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) has achieved the first landmark carbon dioxide (CO2) injection at Carbon TerraVault I (CTV I), a first-of-its-kind carbon capture and storage (CCS) project that will help advance California's progress toward carbon neutrality. Located at CRC's Elk Hills Field in Kern County, CTV I is California's first operational CCS project, establishing a market for storing CO₂ from industrial sources and placing CRC among a small group of operators globally that have advanced CCS projects from concept to operation. The project sources CO₂ from CRC's cryogenic gas plant and leverages existing infrastructur

LONG BEACH, Calif., May 05, 2026 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), today provided a first quarter 2026 update on its financial and operating results. "The injection of CO2 at California's first carbon capture and storage project will be a defining moment, not just for CTV, but for California's energy future," said Francisco Leon, CRC's President and Chief Executive Officer. "This project will demonstrate to regulators, partners, and the market that carbon storage works here, at scale, and in a way that is safe, reliable, and commercially viable. CTV was built on this foundation, and is

LONG BEACH, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), today provided a 2025 update on its operating and financial results. "Over the last year, Carbon TerraVault moved from concept to project execution and will soon commence first CO2 injection at Elk Hills – a first-of-its-kind project in California. CTV continues to build upon its leading carbon management platform, prioritizing project de-risking and partner alignment to advance innovative energy solutions in California," said Francisco Leon, CRC's President and Chief Executive Officer. "As we enter 2026, we are focuse

BAKERSFIELD, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) announced today that it has received a ‘Grade A' certification through MiQ, the global methane certification and verification standard, for production segments across their San Joaquin Valley operating assets in Fresno and Kern Counties. This marks CRC's third MiQ certification, with the majority of production now under independently verified standards, further reinforcing CRC's leadership in low-methane intensity. "CRC is committed to operating responsibly by holding ourselves to standards that go beyond regulatory requirements," said Francisco Leon, CRC President and Chief Executive Office

VENTURA, Calif., Nov. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) received a ‘Grade A' certification through MiQ's Methane Emissions Performance Standard for its production segment operating assets in Ventura County. CRC earned a ‘Grade A' certification in 2024 for its Los Angeles Basin assets and remains the only oil and natural gas producer in California and the Rocky Mountain Region to receive MiQ certification. "Earning ‘Grade A' certifications from MiQ provides independent, third-party verification of CRC's commitment to lower emissions energy production," said Francisco Leon, CRC President and Chief Executive Officer. "We're proud that our operations con

Expands Power-To-CCS Story: Signs Carbon Management MOU with Capital Power for Up to 3 Million Metric Tons Per Annum of CO2 Emissions LONG BEACH, Calif., Nov. 04, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), today provided an update on third quarter 2025 operating and financial results. "We are encouraged by and commend the state's recent actions to advance CCS development in California and support decarbonization across hard-to-abate industries," said Francisco Leon, President and Chief Executive Officer of CRC. "CTV is moving closer to first injection from California's first CCS project, a

CRC's Carbon TerraVault and Capital Power Sign MOU to Explore Transportation and Sequestration of up to 3 Million Metric Tons of CO2 Emissions Per Year New MOU Demonstrates Rising Interest in Carbon TerraVault's Power-to-CCS Solution LONG BEACH, Calif., Nov. 04, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced a Memorandum of Understanding1 (MOU) with Capital Power (TSX:CPX) to provide carbon management services for CPX's La Paloma generation facility in Kern County, California. Highlights: CTV and CPX plan to jointly evaluate and develop carbon capture and sequestration ("CCS") solutions

KERN COUNTY, Calif., Oct. 16, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today hosted a groundbreaking ceremony for Carbon TerraVault I (CTV I), the Golden State's first carbon capture and storage project, developed to reduce emissions and support the state's path to carbon neutrality by 2045. CRC President and CEO Francisco Leon and CTV Holdings Managing Director Chris Gould were joined by a diverse group of state and community leaders at the Elk Hills Field in Kern County to celebrate this historic milestone. "Today's groundbreaking is the result of years of vision, planning and collaboration," Leon said. "CTV I is just the beginning — we're proud to lead the

LONG BEACH, Calif., Sept. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2024 Sustainability Report Summary and 2024 Sustainability Report. These disclosures provide an overview of CRC's continuous progress on its sustainability efforts and performance as the company advances its commitment to serve as a steward of California's natural resources and leader in local energy production. "CRC entered an exciting new chapter in 2024 as the largest oil and gas producer in California after completing our merger with Aera Energy," said Francisco Leon, CRC President and Chief Executive Officer. "As our operational scale and productio

Carbon TerraVault JV Received Authorization to Construct CO2 Injection Wells From the U.S. EPA LONG BEACH, Calif., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), today provided an update on second quarter 2025 operating and financial results. "We remain intensely focused on executing CRC's first CCS project at Elk Hills — a foundational step in enabling real decarbonization for California, capturing cross-functional value, and delivering returns," said Francisco Leon, President and CEO of CRC. "With construction targeted for completion by year-end 2025 and EPA permitting milestones ac

On Track to Inject CO2 at California's First CCS Project by Year-End LONG BEACH, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), provided an update on its first quarter 2025 operations. California Resources Corporation (NYSE:CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. "We remain committed to supporting the decarbonization of California and creating meaningful value for

 Signs Carbon Management MOU1 with National Cement for California's First Net Zero Cement Facility LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- Carbon TerraVault Holdings, LLC (CTV), a carbon management subsidiary of California Resources Corporation (NYSE:CRC), provided a 2024 update and announced the signing of a Memorandum of Understanding1 (MOU) to help achieve California's first net zero cement facility in partnership with National Cement Company of California Inc. (National Cement). "Our team has made significant strides to expand Carbon TerraVault's leadership in carbon management through key regulatory approvals, new carbon management agreements and strategic partnership

Carbon TerraVault Expects to Transport and Sequester up to 1 Million Metric Tons of CO2 Emissions Annually LONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a Memorandum of Understanding1 (MOU) with National Cement Company of California Inc. (National Cement) to provide carbon management services for the "Lebec Net Zero" - a first-of-its-kind initiative to produce carbon-neutral cement at National Cement's facility in California. MOU Highlights: CTV plans to develop transportation and sequestration solutions for up to 1 million metric tons per an

Project to Capture and Store up to 100 Thousand Metric Tons of CO2 Annually From the Elk Hills Cryogenic Gas Plant LONG BEACH, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced approval of the Golden State's first carbon capture and storage (CCS) project, located at CRC's Elk Hills cryogenic gas plant in Kern County, California. "We are pleased to advance California's first CCS project to the next stage of its development highlighting our ability to deliver carbon management solutions while reducing our own emissions," said Francisco Leon, CRC's President and Chief Executive

Represents Nation's First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas Fields LONG BEACH, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) and its carbon management business, Carbon TerraVault (CTV), today announced receipt of final Class VI well permits from the Environmental Protection Agency (EPA) for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC's Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV's joint venture with Brookfield. "We are proud to have received the state's first Class VI permits, enabling us to advance critical clean en

Net Power's Greenfield Facilities Initially Target up to 1GW of Reliable, Low Carbon Baseload Power Carbon TerraVault Expected to Transport and Sequester up to 3.6 Million Metric Tons of CO2 Emissions Annually LONG BEACH, Calif. and DURHAM, N.C., Dec. 09, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC), and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a Memorandum of Understanding (MOU) with Net Power Inc. (NYSE:NPWR), to develop Net Power's ultra-low emission power plants in California1. Under the terms of the MOU, the parties plan to conduct feasibility studies on locating Net Power's facilities in proximity t

LONG BEACH, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE:CRC) today announced the publication of its 2023 Sustainability Report detailing the Company's sustainability initiatives and strategy as well as progress toward its environmental, social and governance (ESG) goals. "CRC is committed to supporting the energy transition, decarbonizing our local economies and helping California achieve its climate goals," said Francisco Leon, CRC President and Chief Executive Officer. "Our 2023 performance reflects our progress as we continue to reliably deliver sustainable and affordable energy products critical to our communities and develop innovative carbon ma

Doubled Central California CO2 potential storage capacity with new EPA Class VI permit application Nearly tripled storage-only project with NLC Energy Carbon TerraVault Holdings, LLC (CTV) today provided a second quarter 2024 update. California Resources Corporation (NYSE:CRC) conducts its carbon management business through CTV and its subsidiaries, which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. "Our Carbon TerraVault team continues to advance its business, recently submitting an application to the EPA for a new Class VI permit for CTV VI, which upon

Creates the Leading Energy Producer and Carbon Management Solutions Provider in California California Resources Corporation (NYSE:CRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera. "We are very pleased to welcome Aera's team with decades of experience and a track record of successful, safe and environmentally sound operations into CRC," said Francisco Leon, CRC's President and Chief Executive Officer. "I want to thank the CRC

Carbon TerraVault (CTV) today provided an update on its first quarter 2024 operations. California Resources Corporation (NYSE:CRC) conducts its carbon management business through CTV which pursues carbon capture and sequestration (CCS) projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. "We began our year by continuing to work closely with local communities and other stakeholders on advancing California's first Class VI draft permit through the public opinion period and further strengthening our leading carbon management platform," said Francisco Leon, CRC's President and Chief Executive Officer. "CRC's CCS pro

Carbon TerraVault (CTV) today provided an update on its 2023 operations. California Resources Corporation (NYSE:CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California. "During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California," said Francisco Leon, CRC's President and Chief Executive Officer. "The most recent

Announcing the First Fully Integrated Capture to Storage CO2 Project at Elk Hills and a New Storage Only CDMA with NLC Energy Carbon TerraVault (CTV), a subsidiary of California Resources Corporation (NYSE:CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations. "During the third quarter, our team made tremendous progress on the Carbon TerraVault front by announcing California's first 100 thousand metric tons per year fully integrated capture to storage project and by bringing the number of emission under CDMAs close to 1 million metric tons per year," said Francisco

CTV Doubles the Storage Reservations at the CRC's Net Zero Industrial Park at Elk Hills Field and Announces the Submission of Another Class VI permit to the U.S. EPA California Resources Corporation (NYSE:CRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV HoldCo, LLC (CTV JV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Verde Clean Fuels Inc. (Verde), a company that utilizes an innovative and proprietary liquid fuels technology to produce renewable and lower-carbon intensity gasoline and other liquid fuels from feedstocks such as biomass, agricultural waste, or

California Resources Corporation (NYSE:CRC) today announced a storage-only Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC that provides services including the capture, transport and storage of carbon dioxide (CO2), and Yosemite Clean Energy, LLC (Yosemite). CRC also announced a second storage-only CDMA between CTV and InEnTec Inc. (InEnTec). "2023 began on a good note for Carbon TerraVault as we continued to expand our carbon management storage capacity by submitting another Class VI permit to the EPA and entering into two additional Carbon Dioxide Management Agreements with reputable partners who are committed to energy trans

Project Aims to Sequester Initial 370,000 Metric Tons of CO2 Per Annum California Resources Corporation (NYSE:CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), an independent clean-tech company that is building a portfolio of blue ammonia and hydrogen production facilities to supply the agriculture, mobility and marine fuel markets, to sequester 370,000 metric tons (MT) of carbon dioxide (CO2) per annum at CTV III from a new blue ammonia and hydrogen plant to be constructed in Northern California. Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California's first blue ammo

Project Aims to Sequester Initial 100,000 Metric Tons of CO2 Per Annum in 2025 California Resources Corporation (NYSE:CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons (MT) of carbon dioxide (CO2) per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in Kern County. Called the Lone Cypress Hydrogen Project, the project aims to be California's first blue hydrogen facility producing 30 tons

NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ:NEXT) and California Resources Corporation (NYSE:CRC) today jointly announced the execution of an agreement (Agreement) to further explore the decarbonization of CRC's Elk Hills Power Plant. Through the deployment of NCS' proprietary post-combustion carbon capture processes for CRC's CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant for permanent storage in oil producing reservoirs. Pursuant to the Agreement, NCS will perform a front-end engineering design (FEED) study for the post combustion capture and compression of up to 95% of the carbon dioxide (CO