Chevron will divest its interests in Hess Midstream and DJ Basin assets for $200 million while securing improved commercial terms. The deal is expected to reduce Bakken unit midstream costs by approximately 50%, extend agreements through 2045, and deconsolidate $3.7 billion in debt. However, Chevron will record a one-time after-tax loss of $3-4 billion at closing. The transaction aims to improve capital efficiency and upstream returns.

California Resources Corporation reported Q2 2026 earnings that missed consensus estimates due to temporary takeaway constraints and higher costs, but revenues beat expectations. The company achieved Berry merger synergies ahead of schedule, improved drilling efficiency, and expanded midstream operations. Despite the earnings miss, shares have gained 2.7% and estimates have trended upward, though the stock carries a Hold rating.

California Resources Corporation (CRC) has completed its $63 million acquisition of Crimson Midstream Holdings from CorEnergy Infrastructure Trust. The deal expands CRC's midstream infrastructure in California, providing greater control over oil transportation to higher-value markets and improving operational flexibility. CRC is also evaluating Crimson's pipeline corridors for potential CO2 transportation as part of its carbon management strategy. Near-term financial contribution is expected to be modest, with Q3 2026 G&A and capital expenses estimated at $1-2 million each.

California Resources Corporation (CRC) has achieved the first CO₂ injection at Carbon TerraVault I (CTV I), California's first operational carbon capture and storage project. Located at CRC's Elk Hills Field in Kern County, the project can store up to 1.46 million metric tons of CO₂ annually at maximum capacity. CRC has partnered with Brookfield in a joint venture and committed over $1 million to local community benefits. The company has submitted eight additional storage reservoirs for EPA Class VI permitting, representing approximately 352 million metric tons of total potential CO₂ storage capacity.

California Resources Corporation priced an upsized $350 million private offering of 7.000% senior unsecured notes due 2034 at 100.500% of par. The company intends to use net proceeds to redeem $350 million of its 8.250% senior unsecured notes due 2029, effectively refinancing higher-cost debt at a lower interest rate.

California Resources Corporation (CRC) announced it received a 'Grade A' certification from MiQ for its San Joaquin Valley operating assets, marking its third consecutive independent methane certification. The certification validates CRC's low-methane intensity operations across production segments in Fresno and Kern Counties, demonstrating the company's commitment to responsible energy production and environmental stewardship.

Denver-based Sourcerock Group significantly increased its stake in California Resources Corporation (CRC) by 1.18 million shares in Q3, bringing its total holding to 3.18 million shares valued at $169.14 million. Despite CRC's 11% decline over the past year, the fund's conviction bet reflects confidence in the company's strong cash flow generation, with Q3 operating cash flow of $279 million and a 5% dividend increase, positioning it as a resilient energy play for patient capital.

Florida-based Kore Advisors acquired a $4 million stake in California Resources Corporation (75,141 shares) during Q3, despite the stock declining 14.5% over the past year. The fund sees value in CRC's strengthened fundamentals, including $188 million in free cash flow, a 5% dividend increase, debt reduction, and stable production, positioning it as a stabilizing holding in their portfolio.

Berry Corporation shareholders voted to approve a merger with California Resources Corporation, with approximately 73% of outstanding shares and 98% of voted shares supporting the transaction. The merger will involve exchanging 0.0718 shares of CRC for each Berry share, with closing expected on December 18.

California Resources Corporation donated $200,000 to support food security efforts across California, distributing funds to local food banks and community organizations in areas like Long Beach, Stockton, and several counties.

California Resources Corporation (CRC) received a 'Grade A' methane emissions certification from MiQ for its Ventura County production assets, reinforcing its commitment to reducing emissions and supporting California's climate goals.

California Resources Corporation launched Carbon TerraVault I, the state's first carbon capture and storage project in Kern County, capable of storing up to 1.6 million metric tons of CO₂ annually, with first injection planned for early 2026.