California Resources completes Berry Corporation acquisition

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Go back to California Resources completes Berry Corporation acquisition

California Resources Corporation Closes Combination with Berry Corporation

December 18, 2025 8:30 AM EST

LONG BEACH, Calif., Dec. 18, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) (CRC) today closed its all-stock combination with Berry Corporation (bry) (NASDAQ: BRY) (Berry). The transaction enhances CRCs premier California portfolio of long-lived, low-decline conventional assets with significant development upside and adds strategic optionality in the Uinta basin.

CRC is entering 2026 stronger than ever, ready to build on our operational momentum and deliver meaningful synergies for our shareholders, said Francisco Leon, CRCs President and Chief Executive Officer. This transaction adds high-quality assets in our... More