Split History
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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. According to our CRC split history records, California Resources has had 2 splits.
CRC split history picture
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. CRC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 10/29/2020
End date: 05/23/2024
Start price/share: $13.66
End price/share: $46.73
Starting shares: 732.06
Ending shares: 771.60
Dividends reinvested/share: $2.43
Total return: 260.57%
Average Annual Total Return: 43.27%
Starting investment: $10,000.00
Ending investment: $36,059.95
Years: 3.57
Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/29/2020
End date: 05/23/2024
Start price/share: $13.66
End price/share: $46.73
Dividends collected/share: $2.43
Total return: 259.90%
Average Annual Total Return: 43.19%
Starting investment: $10,000.00
Ending investment: $35,988.17
Years: 3.57
Date Ratio
06/11/19982 for 1
06/01/20161 for 10
CRC is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

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CRR Split History
CTRA Split History
CVX Split History
CWC Split History
CXPO Split History
DHT Split History
DNR Split History
DO Split History
DOG Split History

Also explore: CRC shares outstanding history

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