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CRC vs TPET

California Resources Corporation and Trio Petroleum Corp.

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California Resources Corporation

California Resources Corporation operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. The company explores, develops, and produces crude oil, oil condensate, natural gas liquids and natural gas to california refineries, marketers, and other purchasers. It also provides Carbon TerraVault which build, install, operate, and maintain CO2 capture equipment, transportation assets, and storage facilities. In addition, the company owns and operates power generation facilities, as well as smaller gas-fired power plants used to generate power for oil and natural gas operations. The company was incorporated in 2014 and is based in Long Beach, California.

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Trio Petroleum Corp.

Trio Petroleum Corp. operates as an oil and gas exploration and development company. The company's flagship project comprises the 85.775% owned working interest in the South Salinas project that consists of approximately 9,300-acre located in Monterey, California. Trio Petroleum Corp. was incorporated in 2021 and is headquartered in Bakersfield, California.

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