California Resources Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 726 million compared to USD 682 million a year ago. Net income was USD 188 million compared to USD 83 million a year ago. Basic earnings per share from continuing operations was USD 2.74 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 2.6 compared to USD 1.11 a year ago.
For the full year, revenue was USD 2,801 million compared to USD 2,707 million a year ago. Net income was USD 564 million compared to USD 524 million a year ago. Basic earnings per share from continuing operations was USD 8.1 compared to USD 6.94 a year ago. Diluted earnings per share from continuing operations was USD 7.78 compared to USD 6.75 a year ago.