Question 1

What is California Resources's production costs, period cost?

Accepted Answer

California Resources (CRC) reported production costs, period cost of $365M in Q1 2026.

Question 2

How has California Resources's production costs, period cost changed year-over-year?

Accepted Answer

California Resources's production costs, period cost increased by 15.5% year-over-year, from $316M to $365M.

Question 3

What is the long-term trend for California Resources's production costs, period cost?

Accepted Answer

Over 4 years (2021 to 2025), California Resources's production costs, period cost has grown at a 15.4% compound annual growth rate (CAGR), from $705M to $1.25B.

Question 4

What does production costs, period cost mean?

Accepted Answer

This metric represents the recurring operational expenses incurred to extract and process oil and natural gas, excluding direct lifting costs or depreciation. It captures the overhead and period-specific costs necessary to maintain production activities within the company's asset base. Monitoring this helps investors assess the efficiency of field operations and the impact of inflationary pressures on production overhead.

Line item	Three months ended March 31, 2026	Three months ended March 31, 2025
Other revenue	10	6
Total operating revenues	119	912
OPERATING EXPENSES
Operating costs	365	316
General and administrative expenses	106	72
Depreciation, depletion and amortization	133	131
Taxes other than on income	67	70
Costs related to marketing of purchased commodities	23	50

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