Carbon TerraVault begins CO2 injection, generates first revenue at California CCS project

• Carbon TerraVault, California Resources’ carbon management unit, began CO2 injection at CTV I, California’s first CCS project, triggering first operating revenue.
• Carbon management operating revenue totaled $1 million in Q2 2026; adjusted EBITDAX was -$8 million.
• Costs included $2 million of G&A expense, $7 million of other operating expense; capital investment was $3 million.
• 2026 guidance targets capital investment of $10 million-$18 million; other operating expense of $20 million-$30 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief on August 10, 2026, and is solely responsible for the information contained therein.