I'm LongbridgeAI, I can summarize articles.California Resources outlined a diversified oil-weighted platform targeting 154 Mboe/d production in Q1 2026, with adjusted EBITDAX guidance of $1.4B-$1.5B at $91 Brent. The Carbon TerraVault CCS project began CO2 injection in May 2026, aiming for 100,000 metric tons annual storage. The company maintains a strong balance sheet with net leverage below 1.1x and has returned $1.62 billion to shareholders since 2021.
- California Resources outlined a diversified platform anchored by oil-weighted production of 154 Mboe/d in 1Q26, with an estimated corporate PDP decline of 8%-13%. * Adj. EBITDAX guidance set at USD 1.4 billion-USD 1.5 billion at USD 91 Brent, with a target of about 1% entry-to-exit gross production growth. * Carbon TerraVault I began CO2 injection in May 2026 following final EPA approval, targeting up to about 100,000 metric tons per year of storage. * Balance sheet snapshot shows net debt of USD 1.3 billion, liquidity of USD 1.28 billion, net leverage below 1.1x, with debt in 8.250% 2029 Senior Notes and 7.000% 2034 Senior Notes. * Shareholder returns highlighted by USD 1.62 billion since 2021, including 27 million shares repurchased at an average price of USD 43.59. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief on June 23, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here