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California Resources Corporation (CRC) and Carbon TerraVault (CTV) have signed a Memorandum of Understanding (MOU) with Middle River Power (MRP) to provide carbon transportation and sequestration services for MRP’s power facilities in California. The initial focus will be on the High Desert plant and San Joaquin Energy Center, which produce up to 2.75 million metric tons of CO₂ emissions annually. The MOU is non-binding and subject to further agreements and regulatory approvals.
California Resources Corporation (CRC) will participate in two major industry events in January 2026: the Goldman Sachs Energy, CleanTech & Utilities Conference on January 6 in Aventura, Florida, and the UBS Winter Infrastructure & Energy Conference from January 13 to 14 in Deer Valley, Utah. Presentation materials will be available on CRC’s Investor Relations website on the day of each event.
Berry Corporation stockholders have approved a merger with California Resources Corporation, with Berry stockholders receiving 0.0718 shares of CRC for each Berry share. The transaction was supported by 73% of total shares and 98% of shares voted. The merger is expected to close on December 18, 2025. Final voting results will be filed with the SEC.
NEW YORK, Dec 5 (Reuters) - California Resourceson Friday reported a leak at San Ardo Oil Field in Monterey County, California, filing shows.A discharge of 93 barrels of produced water and 3 barrels of oil was found coming from a group line pipe, according to the filing.The flow to the pipe has been shut and the release has been stopped, California Resources said in the filing.
Wells Fargo analyst Sam Margolin recommends California Resources (NYSE:CRC) and Tamboran Resources (NYSE:TBN) as promising energy stocks for 2026. Both companies have unique asset mixes and upcoming catalysts. California Resources is notable for its oil and gas production in California and its involvement in carbon capture and storage projects. Despite a recent revenue miss, the company shows potential in its decarbonization efforts. Both stocks have Strong Buy ratings from Wall Street, indicating positive investor sentiment.
