The stock took off after management refuted a report about restructuring.
News & Analysis: California Resources
These stocks bucked a downward trend on Wall Street.
Rumors of a restructuring spooked afternoon investors.
Crude prices are giving back some of Monday’s historic gains.
The oil market is breathing a sigh of relief.
Tumbling crude prices are weighing on the shares of oil companies today.
CRC earnings call for the period ending June 30, 2019.
Crude oil futures had one of their worst days in years today. A lot of oil stocks joined them in a rout.
CRC earnings call for the period ending March 31, 2019.
The stock is up considerably as it blew past expectations.