California Resources operates conventional and unconventional oil and gas assets in California.
California Resources spent most of 2016 backed into a corner due to spiraling leverage and persistently low crude prices. To its credit, management allocated its skeleton budget extremely effectively last year, and production only declined by about 12%. The firm also chipped $900 million away from the debt it inherited from Occidental Petroleum. This was primarily achieved via a debt exchange, open market purchases, and debt for equity swaps. But the low decline rate, coupled with negligible cap...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.