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Stock impact report

California Resources (CRC) Completes Merger with Berry Corporation [Yahoo! Finance]

California Resources Corporation (CRC) 
NASDAQ:AMEX Investor Relations: crc.com/investor-relations
Company Research Source: Yahoo! Finance
California Resources Corporation (NYSE:CRC) operates as an independent energy and carbon management company in the United States. It operates in two segments, Oil and Natural Gas, and Carbon Management. California Resources Corporation (NYSE:CRC) made headlines on December 18 when the company announced that it had completed its all-stock merger with Berry Corporation, strengthening its oil and gas portfolio in California, while also adding strategic optionality in the Uinta basin. Under the agreement, Berry's former shareholders received approximately 5.6 million shares of CRC common stock, valuing the deal at around $253 million based on the company's closing share price on December 17. The merger was first announced in September 2025, when the oil and gas company also revealed that it expects to generate $80–90 million in annual synergies within a year of closing. Francisco Leon, President and CEO of California Resources Corporation (NYSE:CRC), stated: “CRC is entering 2026 s Show less Read more
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