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created at
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California Resources Corporation Reports Strong Third Quarter 2022 Results, Announces 66% Increase in Quarterly Dividend and $200 Million Increase in Share Repurchase Program - Thu, 11/03/2022 - 08:00
excerpt
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California Resources Corporation Reports Strong Third Quarter 2022 Results, Announces 66% Increase in Quarterly Dividend and $200 Million Increase in Share Repurchase Program November 3, 2022 PDF Version LONG BEACH, Calif.--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC), an independent oil and natural gas company committed to energy transition in the sector, today reported third quarter 2022 operational and financial results."CRC's strong financial performance, coupled with our consistent operational execution, allowed us to increase our fixed dividend by 66% and our Share Repurchase Program by an additional $200 million. Our disciplined capital allocation and shareholder return strategy demonstrate our continued commitment to our stakeholders. With these changes, CRC is on track to deliver nearly $1 billio...
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