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logoMorningstarMarch 27, 2020

California Resources Corporation: Dropping Coverage of Several U.S. E&Ps

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Summary

California Resources produces oil and natural gas in California. At the end of 2018, the company reported net proved reserves of 618 million barrels of oil equivalent. Net production averaged 132 thousand barrels of oil equivalent per

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Analyst Profile

Dave Meats

Director
David Meats, CFA, is director of research, energy and utilities, for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.Before joining Morningstar in 2014, Meats was an associate analyst for Raymond James. Previously, he worked as a geophysicist for Burren Energy, a London-based exploration and production firm, and Italian multinational oil and gas firm Eni SpA, which acquired Burren in 2008.Meats holds an undergraduate degree in physics from the University of Nottingham, a master's degree in petroleum geoscience from Royal Holloway, University of London, and a master's degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.