California Resources Corp (NYSE:CRC)
$ 48.73 -0.31 (-0.63%) Market Cap: 3.34 Bil Enterprise Value: 3.55 Bil PE Ratio: 13.96 PB Ratio: 1.60 GF Score: 66/100
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California Resources Corp at Barclays CEO Energy-Power Conference Transcript

Sep 07, 2022 / 08:45PM GMT
Release Date Price: $43.9 (-1.77%)
Jeanine Wai
Barclays Bank PLC, Research Division - Research Analyst

All right. You all are achievers. Last session of the day. Thanks so much for coming. We appreciate your participation in our conference. We are extremely pleased to have with us today Mr. Mac McFarland, President and CEO of California Resources Corporation.

CRC is an E&P company that has some of the lowest carbon intensity production in the U.S. The company has a very strong commitment to shareholder returns. And during 2Q, for the second quarter in a row, the company returned more than 100% of free cash flow through buybacks, which is really impressive. Also interestingly enough, CRC is one of the few companies where the recent Inflation Reduction Act is a very nice tailwind as it enhances the value of the 45Q credit.

Now before we get started, we have 2 quick polling questions. Everybody has a key pad on there. I'm going to read the question, press the number on your response, and we'll see the results instantaneously.

First question, please. Should all upstream companies adopt at least Scope 1 net

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