California Resources Corp (NYSE:CRC)
$ 59.16 0.69 (1.18%) Market Cap: 5.43 Bil Enterprise Value: 6.41 Bil PE Ratio: 9.32 PB Ratio: 1.51 GF Score: 62/100
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California Resources Corp at Scotia Howard Weil Energy Conference (Virtual) Transcript

Mar 23, 2022 / 04:15PM GMT
Release Date Price: $44.78 (+0.34%)
Paul Cheng
Scotiabank - Analyst

Good morning. Our next presentation is California Resources Corporation. We are very happy to have CEO Mac McFarland with us. So with that, let me start.

Questions & Answers

Paul Cheng
Scotiabank - Analyst

Mac, California Resources Corporation is a -- what a unique company, given your focus both on the legacy, traditional oil and gas in California as well as venture and [making it] as a major focus for CCUS. So can you maybe elaborate a little bit in terms of -- do you believe you have the critical mass on -- to operate efficiently on both sides of the segment, given the size of the company?

Mac McFarland
California Resources Corporation - President & CEO

Well, absolutely. I don't think we'd be undertaking what we're doing if we didn't. Look, we produce close to 100,000 barrels a day of low decline, low-carbon-intensity crude, and we have a long inventory of backlog in that core E&P business.

But we also -- if you look at it, we have diversified, yet it

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