California Resources Reports Fourth Quarter and …

California Resources Reports Fourth Quarter and Full - Year 2023 Financial and Operating Results

The US state of California has announced its annual financial and operating results for the fourth quarter and full-year, which includes a record net income and free cash flow per share, as part of efforts to boost revenue growth. Financial results are expected to be released on Wednesday, 28th February, to mark the end of the year-end. (). But The corporation says it is planning to launch an emergency conference call and webcast to explain the challenges facing the US economy and its future forecasts for 2023, and will announce further changes to its business strategy, with the loss of $630 million (468 million) worth of oil and gas production in the first three months of this year. The company has said it has achieved $656 million of net cash from its operations and profits, but could leave the country without being able to make significant improvements in their ability to achieve higher levels of profit and return to the market in 2023 when it goes ahead with an economic recovery initiative, in what is seen as the world s largest oil company, the California Resources Corporation (CRC) has confirmed earnings of more than $600m ($1bn) in 2021, after taking steps towards cutting fuel supplies and boosting its value for all stakeholders and delivering sustainable cost savings by 5% to $468m in cash, free shares and share re purchases from investors and other businesses to save millions of lives.

Source: streetinsider.com
Published on 2024-02-27

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