California Resources operates conventional and unconventional oil and gas assets in California.
California Resources delivered production of 134 thousand barrels of oil equivalent per day in the second quarter, which was 9% higher sequentially and 4% higher year over year. This compares with previous guidance of 133-138 mboe/d. But due to weaker price realizations, the firm’s financial results were weaker than expected, with adjusted EBITDA and adjusted earnings per share coming in at $239 million and negative $0.29 respectively (below consensus estimates of $261 million and negative $0.22...California Resources is an independent oil and natural gas exploration and production company operating properties within California.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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