Mar 23, 2022 / 04:15PM GMT
Paul Cheng - Scotiabank - Analyst
Good morning. Our next presentation is California Resources Corporation. We are very happy to have CEO Mac McFarland with us. So with that, let me start.
Questions and Answers:
Paul Cheng - Scotiabank - AnalystMac, California Resources Corporation is a -- what a unique company, given your focus both on the legacy, traditional oil and gas in California as well as venture and [making it] as a major focus for CCUS. So can you maybe elaborate a little bit in terms of -- do you believe you have the critical mass on -- to operate efficiently on both sides of the segment, given the size of the company?
Mac McFarland - California Resources Corporation - President & CEO
Well, absolutely. I don't think we'd be undertaking what we're doing if we didn't. Look, we produce close to 100,000 barrels a day of low decline, low-carbon-intensity crude, and we have a long inventory of backlog in that core E&P business.
But we also -- if you look at it, we have diversified, yet it
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