Berry Corporation (bry) (BRY) 2022年年度报告「NASDAQ」.pdf

1、INVESTOR RELATIONSBerry Corporation(bry)16000 N.Dallas Pkwy,Ste 500 Dallas,Texas 75248 (661)616-3811 2THE CORE VALUES THAT DEFINE OUR COMPANY3 3The past year was a transformative year for Berry:It was the first full year executing our expanded shareholder return model,which generated excellent retur

2、ns for our shareholders;it was the first full year to have C&J Well Services under the Berry umbrella and we announced and initiated the Berry succession plan.Berry is committed to providing solid returns to our shareholders.Last year,through the utilization of its shareholder return model,Berry pro

3、vided shareholders cash returns of$1.78 per share through fixed and variable dividends,plus share buybacks of more than$51 million,positioning us as a leading returner of capital.The current shareholder return model continues to exemplify how Berry can evolve its model to benefit shareholders withou

4、t compromising the core business or changing the operations strategy.C&J Well Services continued to perform well,and in 2022,they plugged more than 2,800 wells.This important work is key to the state and federal mandates designed to address the potential environmental and safety hazards associated w

5、ith abandoned oil wells at the end of their productive life.Our strategic acquisition of C&J Well Services not only aligns with these important environmental goals,but also contributed to our strong financial performance.As we announced in November 2022,as of January 1,2023,I transitioned from Presi

6、dent&CEO and Chairman of the Board to Executive Chairman of the Board,while Berrys Chief Operating Officer(COO),Fernando Araujo,was elevated to Berrys Chief Executive Officer(CEO).Fernando is a terrific leader who has exhibited strong operational acumen,managing our assets to deliver outstanding sha