California Resources Corporation. (NYSE:CRC) Q3 2023 Earnings Conference Call November 2, 2023 12:00 PM ET
Company Participants
Joanna Park - Vice President of Investor Relations, Treasurer
Francisco Leon - President & Chief Executive Officer
Manuela Molina - Executive Vice President & Chief Financial Officer
Chris Gould - Executive Vice President & Chief Sustainability Officer, & Managing Director, CTV Holdings
Jay Bys - Executive Vice President and Chief Commercial Officer
Omar Hayat - Executive Vice President, Operations
Conference Call Participants
Kalei Akamine - Bank of America
Scott Hanold - RBC Capital Markets
Leo Mariani - ROTH MKM
Nathaniel Pendleton - Stifel
Scott Gruber - Citi
Noel Parks - Tuohy Brothers Investment Research
Operator
Good day, and welcome to the California Resources Corporation Third Quarter Earnings Conference Call. [Operator Instructions] Please note today’s event is being recorded.
I would now like to turn the conference over to Joanna Park, Vice President, Investor Relations and Treasurer. Please go ahead.
Joanna Park
Welcome to California Resources Corporation’s Third Quarter 2023 Conference Call. Participating on today’s call are Francisco Leon, President and Chief Executive Officer; Nelly Molina, Executive Vice President and Chief Financial Officer; as well as CRC’s entire executive team.
I’d like to highlight that we have provided slides in the Investor Relations section of our website, crc.com. These slides provide additional information about our operations and our third quarter results. We have also provided information reconciling non-GAAP financial measures discussed to the most directly comparable GAAP financial measures on our website as well as in our earnings release.
Today, we are making some forward-looking statements based on current expectations. Actual results may differ due to factors described in our earnings press release and in our periodic SEC filings. As a reminder, we have allotted additional time for Q&A at the end of our prepared remarks and we ask that participants limit their questions to a primary and one follow-up.
With that, I will now turn the call over to Francisco.
Francisco Leon
Thank you, Joanna. CRC continues to demonstrate what it means to be a different kind of Energy Company. We’re executing on our low decline and high cash flow generating oil and natural gas business, increasing shareholder returns and advancing our leading carbon management business. We are doing this all while working to provide innovative energy solutions to help California meet its 2045 decarbonization goals.
Cash flow, carbon and California are our core strengths, and our quarterly results demonstrate substantial progress on all these fronts.