Shares of hydrocarbon exploration company California Resources Corp. (CRC) are climbing 12 percent on Tuesday's trading despite there being no company announcement or other news to impact the stock. The company recently reported first-quarter net loss of $94 million or $1.13 per share, narrower than net loss of $1.8 billion or $36.43 per share in the same period last year. Net income, excluding certain items, came in at $102 million or $1.22 per share, compared to net loss of $8 million or $0.16 per share in the year-ago quarter. During the three-month period, revenues fell to $363 million from $573 million in the prior-year quarter. The stock is currently trading at $28.36, up $3.21 or 12 percent on the NYSE. CRC has traded between $10.99 and $28.90 during the past 52 weeks.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.