• California Resources’ November 3 third-quarter 2026 earnings call featured CEO Francisco Leon, CFO Clio Crespy and investor relations chief Daniel Juck.
• Adjusted EBITDAX reached $341 million, exceeding guidance; fourth-quarter adjusted EBITDAX is projected at about $316 million.
• Management targets restarting the San Pablo Bay pipeline in first-quarter 2027, with a more meaningful financial contribution expected in the second half.
• A memorandum of understanding with Bloom Energy targets at least 1 gigawatt of fuel-cell power with carbon capture, financed by third-party developers.
• The planned six-rig program targets flat gross production from entry to exit in 2027, requiring $450 million–$475 million in drilling and workover capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief on November 05, 2026, and is solely responsible for the information contained therein.