<p>California Resources Corporation has closed its all-stock combination with Berry Corporation, enhancing its portfolio with long-lived, low-decline conventional assets and expanding its presence in California and the Uinta basin. The combined company, headquartered in Long Beach, California and led by CRC’s executive team, expects the transaction to strengthen operational momentum, improve cash flow durability, and increase operating efficiencies as it moves into 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9604477-en) on December 18, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)</p>

California Resources Corporation Completes All-Stock Combination with Berry Corporation