ValueQ3, 24Q4, 24Q1, 25Q2, 25Q3, 25TTMSelling/general/admin expenses106 M95 M72 M79 M87 M333 MResearch & development——————Operating income518 M60 M186 M267 M98 M611 MNon-Operating Income, Total35 M27 M24 M25 M23 M99 MInterest expense, net of interest capitalized——27 M25 M25 M—Non-Operating Income, excl. Interest Expenses34 M33 M-8 M0-6 M19 MUnusual income/expense1 M-6 M5 M04 M3 MPretax income483 M3 M162 M242 M75 M482 MEquity in earnings2 M1 M1 M02 M4 MTaxes138 M-10 M47 M70 M11 M118 MNon-controlling/minority interest——————After tax other income/expense45 M42 M10 M59 M41 M152 MNet income before discontinued operations345 M13 M115 M172 M64 M364 MDiscontinued operations——————Net income345 M13 M115 M172 M64 M364 MDilution adjustment——————Preferred dividends——————Diluted net income available to common stockholders345 M13 M115 M172 M64 M364 MBasic earnings per share (Basic EPS)3.860.91.271.930.764.86Diluted earnings per share (Diluted EPS)3.780.871.261.920.764.81Average basic shares outstanding89.4 M79.3 M90.6 M89 M83.7 M342.6 MDiluted shares outstanding91.2 M81.4 M91.2 M89.4 M84.4 M346.4 MEBITDA——————EBIT——————Cost of revenue——————Other cost of goods sold——————Depreciation & amortization (cash flow)140 M142 M131 M128 M123 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.