California Resources’ $717 Million Buyout Of Berry: A Game-Changer Or A Gamble?

California Resources Corporation demonstrated notable performance in the second quarter of 2025, highlighting both operational successes and strategic advancements. The company achieved record shareholder returns, amounting to nearly $290 million, significantly more than the free cash flow of the period. This was predominantly due to a strategic share repurchase from ICA that facilitated an orderly reduction in ownership. These actions underscore a strong belief in the company’s stock value and future prospects.