California Resources Corporation targets 153,000 barrels of oil equivalent per day in 2026, citing operational gains and efficiency improvements.
California Resources Corporation (CRC) announced plans to reach 153,000 barrels of oil equivalent per day (BOE/d) by 2026, driven by strong operational execution and drilling efficiency gains. The company expects Q3 oil realizations at approximately 93% of Brent prices.
CRC reported a solid Q2 2026 performance, attributing growth to synergy capture and sustainable efficiency improvements. The 2026 output target reflects confidence in maintaining momentum amid stable oil price correlations.
Management did not disclose immediate market reactions, focusing instead on long-term production goals and cost optimization strategies.