California Resources Corporation closes all-stock combination with Berry Corporation.
ByAinvest
Thursday, Dec 18, 2025 8:34 am ET1min read
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California Resources Corporation (CRC) has closed its all-stock combination with Berry Corporation (BRY), adding strategic optionality in the Uinta basin and enhancing CRC's California portfolio of low-decline conventional assets. The transaction is expected to deliver meaningful synergies for shareholders and improve cash flow durability and operating efficiencies. CRC President and CEO Francisco Leon stated that the company is entering 2026 stronger than ever, with a focus on sustainable shareholder value.
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