{"schema_version":"secwatch.filing_event.v1","accession":"0001609253-23-000015","form_type":"8-K","ticker":"CRC","cik":"0001609253","company_name":"California Resources Corp","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.815009+00:00","generated_at":"2026-06-19T00:45:09.246652+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CRC reports record 2022 operating cash flow of $690M, raises buyback to $1.1B","bullets":["Full-year 2022 net income $524M ($6.75 diluted EPS); adjusted net income $384M ($4.95 diluted EPS).","Record operating cash flow $690M, free cash flow $311M; returned $372M to shareholders in 2022.","Share repurchase program increased by $250M to $1.1B, extended through June 30, 2024; $640M remaining.","2023 guidance: production 85-91 MBoe/d, capital $200-245M, free cash flow $330-440M.","Carbon management: signed two CDMAs for 470,000 MT CO2/year; formed consortium for California DAC Hub."],"urls":{"canonical":"https://secwatch.observer/filing/0001609253-23-000015","json":"https://secwatch.observer/filing/0001609253-23-000015.json","markdown":"https://secwatch.observer/filing/0001609253-23-000015.md","text":"https://secwatch.observer/filing/0001609253-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000015/0001609253-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000015/crc-20230224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:45:09.246652+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1c653a98e808f60bd858da187427600360c83bce","claim":"California Resources Corp reported twelve months ended December 31, 2022 results: net income $524 million, EPS $6.75 per diluted share. Guidance initiated.","evidence_excerpt":"Annual Highlights • Reported net income attributable to common stock of $524 million, or $6.75 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000015/0001609253-23-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"twelve months ended December 31, 2022"},{"label":"Net income","value":"$524 million"},{"label":"EPS","value":"$6.75 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"50c66fab32957dc5f3ae1be5a85d73c3f145c8f2","claim":"California Resources Corp reported three months ended December 31, 2022 results: net income $83 million, EPS $1.11 per diluted share. Guidance initiated.","evidence_excerpt":"Fourth Quarter 2022 Highlights Financial • Reported net income of $83 million, or $1.11 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1609253/000160925323000015/0001609253-23-000015-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended December 31, 2022"},{"label":"Net income","value":"$83 million"},{"label":"EPS","value":"$1.11 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}