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California Resources Is Second in Terms of Total Returns

Kurt Gallon
California Resources Is Second in Terms of Total Returns

California Resources (CRC), a California-based exploration and production company, is second among upstream companies in terms of one-year returns. The company has generated a handsome return of 289% over the past year. The return came in the form of price appreciation. California Resources has outperformed the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and the Energy Select Sector SPDR ETF (XLE).