California Resources is an independent oil and natural gas exploration and production company. Through its subsidiary, Carbon TerraVault, Co. is in the early stages of developing several carbon capture and sequestration projects in California. Separately, Co. is evaluating the feasibility of a carbon capture system to be located at its Elk Hills power plant. Co. is also pursuing multiple solar projects for supplying the grid (front-of-the-meter solar) and powering its operations (behind-the-meter solar). Co.'s operations are focused on the San Joaquin Basin, Los Angeles Basin, Ventura Basin, Sacramento Basin and other, which is in the Salinas basin and the Santa Maria basin. We show 9 historical shares outstanding datapoints in our CRC shares outstanding history coverage, used to compute CRC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CRC market cap history over the course of time is important for investors
interested in comparing CRC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CRC versus a peer is one thing; comparing
CRC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CRC can fluctuate over the course of history.
With this page we aim to empower investors researching CRC by allowing them to research the CRC market cap history. |
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Video: The Importance of Market Cap
