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California Resources Corporation (CRC) Q4 2024 Earnings Call Transcript

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California Resources Corporation (NYSE:CRC) Q4 2024 Earnings Conference Call March 3, 2025 1:00 PM ET

Company Participants

Joanna Park – VP, IR & Treasurer
Francisco Leon – CEO, President & Director
Clio Crespy – EVP & CFO
Francisco Leon – CEO, President & Director
Jay Bys – EVP & Chief Commercial Officer

Conference Call Participants

Scott Hanold – RBC Capital Markets
Kalei Akamine – Bank of America Merrill Lynch
Nate Pendleton – Texas Capital
Josh Silverstein – UBS
Betty Jiang – Barclays
Neal Dingmann – Truist Securities
David Deckelbaum – TD Cowen
Alejandra Magana – JPMorgan
Leo Mariani – Roth
Michael Scialla – Stephens

Operator

Good day, and welcome to the California Resources Corporation Fourth Quarter and Year-End 2024 Earnings Conference Call. [Operator Instructions] Note this event is being recorded.

I would now like to turn the conference over to Joanna Park, Vice President of Investor Relations and Treasurer. Please go ahead.

Joanna Park

Good morning, and welcome to California Resources Corporation’s Fourth Quarter and Year-End 2024 Conference Call. Following our prepared remarks, members of our leadership team will be available for questions. By now, I hope you have had a chance to review our earnings release and supplemental slides.

We have also provided information reconciling non-GAAP financial measures to comparable GAAP measures on our website and in our earnings release. Today, we will be making some forward-looking statements based on current expectations. Actual results may differ due to factors described in our earnings release and in our periodic SEC filings. As a reminder, please limit your questions today to 1 primary and 1 follow-up as this allows us to get to many more of your questions today.

And now I’ll now turn the call over to Francisco.

Francisco Leon

Good morning, and thanks for joining us. We have a lot of

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