Berry Corporation (BRY) Jumps Following Reports of Merger

The share price of Berry Corporation (NASDAQ:BRY) surged by 25.16% between September 9 and September 16, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Berry Corporation (BRY) Jumps Following Reports of Merger

Berry Corporation (NASDAQ:BRY) is an independent energy company that engages in the acquisition, development, and production of domestic oil and gas reserves primarily in California and Utah.

Berry Corporation (NASDAQ:BRY) rallied this week following reports that the company is set to merge with California Resources in an all-stock deal valuing Berry at approximately $717 million, including debt. The announcement comes just days after lawmakers in California passed a bill to boost oil drilling in Kern County.

The transaction is expected to close in the first quarter of 2026, with California Resources shareholders owning about 94% of the combined company.

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Disclosure: None.