California Resources Corporation (CRC) Announces $100M Share Buyback, Reports Record Q4 Numbers
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California Resources Generates a Record $466 Million of Free Cash Flow¹ in 2021, Reports $660 Million of Operating Cash Flow, Increases its Share Repurchase Program by 40% and Continues to Advance it
February 24, 2022 9:00 AM ESTSANTA CLARITA, Calif.--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported fourth quarter and full year 2021 operational and financial results.
"2021 was a transformative year for CRC. We optimized our portfolio, maintained operational excellence, generated record free cash flow and advanced our Carbon Management Business," said Mac McFarland, President and Chief Executive Officer. "Our strong execution throughout the year and excellent financial results have allowed us to continue to demonstrate our commitment to shareholder... More
