California Resources Corporation Announces Q3 2024 Earnings Results

California Resources Corporation (NYSE: CRC) held its third quarter 2024 earnings conference call on November 6, 2024, at 1:00 PM ET. Key participants from the company included Joanna Park, Vice President of Investor Relations and Treasurer; Francisco Leon, Chief Executive Officer; Nelly Molina, Chief Financial Officer; Jay Bys, Executive Vice President and Chief Commercial Officer; and Omar Hayat, Executive Vice President of Operations. The call also featured participation from analysts at major financial institutions such as RBC Capital Markets, Bank of America, Barclays, TD Cowen, UBS, Citigroup, ROTH, Stephens, and Tuohy Brothers.

The conference call began with introductory remarks from Joanna Park, emphasizing the availability of the company's earnings release and supplemental slides for review. The call included a reminder that forward-looking statements would be made, with actual results potentially differing due to various factors detailed in the earnings release and SEC filings.

The leadership team presented key financial results and business updates, followed by a question-and-answer session where analysts could inquire about the company's performance and outlook. This structured format aimed to provide clarity on CRC's financial health and strategic direction for the upcoming quarters.