Value20202021202220232024TTMSelling/general/admin expenses290 M200 M222 M267 M321 M333 MResearch & development——————Operating income429 M293 M812 M808 M620 M611 MNon-Operating Income, Total—674 M554 M60 M104 M99 MInterest expense, net of interest capitalized——————Non-Operating Income, excl. Interest Expenses—676 M551 M54 M102 M19 MUnusual income/expense—-2 M3 M6 M2 M3 MPretax income100 M229 M761 M748 M516 M482 MEquity in earnings——1 M9 M10 M4 MTaxes0396 M237 M184 M140 M118 MNon-controlling/minority interest127 M13 M00——After tax other income/expense131 M62 M43 M103 M139 M152 MNet income before discontinued operations0612 M524 M564 M376 M364 MDiscontinued operations——————Net income0612 M524 M564 M376 M364 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders0612 M524 M564 M376 M364 MBasic earnings per share (Basic EPS)-0.577.466.948.14.744.86Diluted earnings per share (Diluted EPS)-0.577.376.757.784.624.81Average basic shares outstanding49 M82 M75.5 M69.6 M79.3 M342.6 MDiluted shares outstanding49 M83 M77.6 M72.5 M81.4 M346.4 MEBITDA————984 M—EBIT————596 M—Cost of revenue————13 M—Other cost of goods sold————13 M—Depreciation & amortization (cash flow)471 M213 M198 M225 M388 M524 M
California Resources Corporation
California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.
The company has conventional primary, enhanced oil recovery, and unconventional operations in the San Joaquin Basin, Ventura Basin, and Los Angeles Basin and dry gas production in the Sacramento Basin. Its largest holding is the 47,000-acre Elk Hills Oil Field, 20 miles west of Bakersfield, California in the San Joaquin Valley. It is also operates the Wilmington Oil Field in partnership with California, several smaller fields in Los Angeles County, and the Huntington Beach Oil Field in Orange County, California. As of December 31, 2021, the company had 480 million barrels of oil equivalent of estimated proved reserves, of which 71% was petroleum, 20% was natural gas, and 9% was natural gas liquids.