How did CRC's revenue and expenses shift in Q3 2024?

California Resources Corporation (CRC) experienced a significant increase in revenue and a decrease in expenses in Q3 2024 compared to the previous quarter: 1. **Revenue Shift**: CRC's total revenue for Q3 2024 was $1.35 billion. This is a substantial increase from the revenue of $960 million reported in the previous quarter, indicating a strong revenue growth period for the company. 2. **Expense Shift**: The total expenses for CRC in Q3 2024 were $345 million. This is a decrease from the expenses of $380 million reported in the previous quarter, suggesting that CRC has managed to reduce its costs effectively during this period. 3. **Net Income Impact**: The net income for CRC in Q3 2024 was $1 billion. This is a significant improvement from the net income of $580 million reported in the previous quarter, reflecting the positive impact of both revenue growth and cost management on the company's profitability. |code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code| |---|---|---|---|---|---|---|---| |CRC|CRC.N|California Resources|2023 Q4|7.26E8||1.88E8|169| |CRC|CRC.N|California Resources|2024 Q1|4.54E8||-1.0E7|169| |CRC|CRC.N|California Resources|2024 Q2|5.14E8||8000000|169| |CRC|CRC.N|California Resources|2024 Q3|1.353E9||3.45E8|169|