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Video: What is a Stock Split?
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California Resources Corporation is an independent energy and carbon management company committed to energy transition. It produces the lowest carbon intensity oil in the U.S.. It is in the early stages of developing several carbon capture and storage projects in California. Its carbon management business, Carbon TerraVault, is focused on building, installing, operating, and maintaining carbon dioxide (CO2) capture equipment, transportation assets and storage facilities in California. It has operations in oil and gas basins, including San Joaquin Basin, Los Angeles Basin, Sacramento Basin, and other. According to our CRC split history records, California Resources has had 2 splits. | |
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California Resources (CRC) has 2 splits in our CRC split history database. The first split for CRC took place on June 11, 1998. This was a 2 for 1
split, meaning for each share of CRC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CRC's second split took place on June 01, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of CRC owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 200 share position following the split.
When a company such as California Resources splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as California Resources conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CRC split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into California Resources shares, starting with a $10,000 purchase of CRC, presented on a split-history-adjusted basis factoring in the complete CRC split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
10/29/2020 |
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End date: |
04/28/2025 |
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Start price/share: |
$13.66 |
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End price/share: |
$35.74 |
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Starting shares: |
732.06 |
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Ending shares: |
795.05 |
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Dividends reinvested/share: |
$3.91 |
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Total return: |
184.15% |
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Average Annual Total Return: |
26.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$28,414.80 |
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Years: |
4.50 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/29/2020 |
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End date: |
04/28/2025 |
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Start price/share: |
$13.66 |
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End price/share: |
$35.74 |
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Dividends collected/share: |
$3.91 |
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Total return: |
190.23% |
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Average Annual Total Return: |
26.73% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$29,027.96 |
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Years: |
4.50 |
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Date |
Ratio |
06/11/1998 | 2 for 1
| 06/01/2016 | 1 for 10 |
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