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California Resources Corporation Announces Fourth Quarter 2020 and Full Year Results


California Resources Corporation Announces Fourth Quarter 2020 and Full Year Results
By
Staff
3 weeks ago
SANTA CLARITA, Calif.–(BUSINESS WIRE)–California Resources Corporation (NYSE: CRC), an independent California-based oil and natural gas exploration and production company, today reported fourth quarter and full year 2020 results. Operational and financial highlights were as follows:
2020 Fourth Quarter and Full Year Highlights
For the full year of 2020, CRC reported net income of $1,871 million and an adjusted net loss attributable to common stock
1 of $257 million, excluding unusual and infrequent items primarily related to CRC’s bankruptcy proceedings and asset impairments
For the full year of 2020, reported net cash provided by operating activities of $106 million while generating free cash flow ....

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