How did CRC's revenue and expenses shift in Q3 2024?
5/8/2025 10:23am
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California Resources Corporation (CRC) experienced a significant increase in revenue and a decrease in expenses in Q3 2024 compared to the previous quarter1:
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.
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.
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.
CRC Total Revenue, Net Income
Source:
1.
CRC Revenue, Expense, Net Income in Q3 2024
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