XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Equity (Parenthetical)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
USD ($)
shares
Value of common stock at issuance $ 101 [1]
Chevron  
Common stock shares issued (in shares) | shares 2,850
Value of common stock at issuance $ 51
Ares-led investor group | Ares JV  
Common stock shares issued (in shares) | shares 2,300
Purchase price of the CRC shares issued to Ares-led investor group in a private placement $ 50
[1]
Includes 2.85 million shares of common stock (valued at $51 million at issuance) issued to Chevron in connection with our acquisition of Chevron's working interest in the Elk Hills unit and 2.3 million shares of common stock (valued at $50 million at issuance) issued to an Ares-led investor group. See Part II, Item 8 – Financial Statements and Supplementary Data, Note 4 Acquisitions and Divestitures and Part II, Item 8 – Financial Statements and Supplementary Data, Note 5 Joint Ventures for more information.