Berry Petroleum Company Ranked 28 in Fortune Small Business 100 List.Business Editors Berry Petroleum Company (NYSE NYSE See: New York Stock Exchange :BRY), an independent heavy oil producer located in Kern County, California Kern County is a county located in the southern Central Valley of the U.S. state of California. Established in 1866, it extends east beyond the southern slope of the Eastern Sierra Nevada range into the Mojave Desert, and includes parts of the Western Indian Wells Valley, and , was ranked number 28 in Fortune Small Business (FSB (FrontSide Bus) See system bus. FSB - front side bus ) magazine's July/August 2002 listing of the 100 fastest-growing small companies in America. The FSB 100, compiled by Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , was created from the universe of public companies that trade on the major exchanges with $200 million or less in annual revenues and a stock price above $1 per share. These were then ranked by earnings growth, revenue growth and stock performance over the last three years. Those rankings were then averaged to create the final order. Berry posted a three-year annual earnings per share growth rate of 104% (ranked 17), a three-year annual revenue growth rate of 72% (ranked 7), and a three-year annual return of 9% (ranked 102). Jerry Hoffman, Chairman, President and Chief Executive Officer, said, "We are very honored to receive this public recognition for America's top small, but growing, businesses. Our business model is focused on being as efficient as possible in our operations and on profitable growth. The criteria used by FSB recognize our efforts. I thank all of our employees for their dedication and efforts in achieving this honor." Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with headquarters in Bakersfield, California. Berry has approximately 21.7 million shares outstanding, a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately $360 million and net debt of under $15 million. Berry also pays a dividend of $.10 per quarter for an approximate current yield of 2.4%. Visit www.bry.com for more information. This release may contain descriptions of the Company's expectations regarding future business activities. These forward-looking statements are made in reliance upon safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Accordingly, actual results may differ materially from those contemplated by the forward-looking statements. |
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