Corrective Notice to Press Release Issued August 9, 2024, Regarding the Dividend Record Date and Payment Date by Investing.com

DALLAS, Aug. 12, 2024 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (Berry or the Company) announced that its press release was issued under the title Berry Corporation Reports Second Quarter 2024 Financial and Operating Results on August 9, 2024, was changed only to fix the record date and payment date of dividends on its outstanding common stock set forth under the heading Quarterly Dividends. Dividend rates are unchanged. Dividends will be paid on August 30, 2024, to all stockholders of record as of the close of business on August 23, 2024, which may be paid on August 20, 2024, to all stockholders of record on August 12, 2024, as previously disclosed. . The revised section regarding second quarter dividends is set forth in its entirety below. The rest of the press release remains unchanged.

Quarterly Assignments

The Company's Board of Directors paid a dividend of $0.17 per share for the last period and the annual yield for April 2019 is 0.12 %. , 2024. Both dividends are payable on August 30, 2024, to stockholders of record at the close of business on August 23, 2024.

Forward-Looking Statements

The information in this press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify forward-looking statements with words such as aim, expect, attainable, believe, budget, progress, could, attempt, estimate, expect, forecast, goal, direction, aim, likely, may, have a goal, vision, plan, likely, predict , project, want, should, aim, will or and other similar words that indicate the nature of events or results. All statements, other than statements of historical fact, included in this press release about plans, activities, events, objectives, goals, strategies, or developments that the Company expects, believes or expects will occur or may occur in the future, such as those. about our financial condition; the economy; our ability to refinance our debt; cash flow (including, but not limited to, Adjusted Free Cash Flow); financial and operational results; financial planning and development and production plans; operations and business strategies; potential acquisitions and other strategic opportunities; warehouses; security operations; capital expenditure; refund; our shareholder return model and future dividend payments; future repurchases of stock or debt; large sums; our ESG strategy and the implementation of new projects or business related thereto, return factors; and other guidelines are forward-looking statements. Actual results may differ from anticipated results, sometimes substantially, and reported results should not be considered an indication of future performance. In any such forward-looking statement that includes a statement of assumptions or bases that support the forward-looking statement, we caution that although we believe that such assumptions or bases are reasonable and make them in good faith, the assumed facts or bases are always different from the actual results, sometimes material.

Berry cautions that these forward-looking statements are subject to all the risks and uncertainties of procurement events and the exploration and development, production, gathering and sale of NGLs and bulk oils that are difficult to predict and many of which are beyond Berry's control. These risks include, but are not limited to, commodity price volatility; legal and regulatory actions that may prevent, delay or limit our ability to mine and develop our properties, including with respect to existing and/or new requirements in the regulatory approval and permitting process; legislative and regulatory systems in California or other jurisdictions in which we operate that address climate change or other environmental concerns; investment in and development of competing or alternative energy sources; mining, production and other operational hazards; competitive effects; uncertainties inherent in estimating natural gas and oil reserves and predicting future production levels; our ability to change our reserves through research and development or strategic transactions; cash flow and access to capital; timing and financing of development costs; environmental, health and safety risks; the effects of protection systems; potential shutdown of production due to lack of downstream demand or storage capacity; disruptions, capacity constraints, or other limitations in third-party transportation infrastructure and market transmission infrastructure (including pipeline systems) that deliver our oil and natural gas and other inputs and processes; the ability to effectively implement our ESG strategy and the risks associated with undertaking new projects or related business; our ability to successfully integrate Macpherson's assets into our operations; we fail to identify risks or liabilities related to Macpherson, its operations or assets; our inability to achieve anticipated synergies; our ability to successfully execute certain bolt-on strategic acquisitions; general domestic and international political and economic conditions; levels of inflation, including increased interest rates and volatility in financial and banking markets; changes in tax laws and other risks described under Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent filings with the SEC.

Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to revise or update any forward-looking statement, whether as a result of new information, future events or otherwise as required by the operator. the law. Investors are urged to carefully consider our disclosure filings with the Securities and Exchange Commission, which are available from us through our website or by contacting investors below, or at the SEC's website at www.sec.gov.