Fernando Araujo is the CEO of Berry Corporation, a role he took on in January 2023 after serving as Executive Vice President and Chief Operating Officer since September 2020. He has over 30 years of experience in the oil and...

Fernando Araujo is the CEO of Berry Corporation, a role he took on in January 2023 after serving as Executive Vice President and Chief Operating Officer since September 2020. He has over 30 years of experience in the oil and gas industry, working for big names like Apache and Schlumberger. His career kicked off at Shell, where he started as a production engineer. Araujo holds multiple degrees, including a Bachelor's in Biology and Mechanical Engineering and an MBA. Under his leadership, Berry Corp. aims for strong operational performance and shareholder value while using innovative strategies to navigate the energy sector. His compensation in 2023 includes a salary of $525,000 and over $920,000 in vested stock, aligning his interests with the company's success. His journey shows a blend of technical skill and management savvy, key for navigating today’s energy landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Berry Corporation CEOs

B

Fernando Araujo

CEO of Berry Corporation

Education

Bachelor's degree in Biology and Mechanical Engineering, MBA

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1970 - 55 years ago

CEO of Berry Corporation for

2 years 3 months (Jan 2023 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer at Berry Corporation, Executive Director for Schlumberger Production Management, various roles at Apache Corporation

Rivals

Competitors/colleagues of Fernando Araujo

M

Joseph Wm. Foran

Founder and CEO of Matador Resources

2023 Compensation

Stock

$11.09M

Salary

$1.35M

Bonus

$3.11M

Other

$25.70K

Total Holdings

$26.93M

D

Kaes Van't Hof

CEO of Diamondback Energy

2023 Compensation

Stock

$450.00K

Salary

$950.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$16.35M

O

Brendan McCracken

CEO of Ovintiv

2023 Compensation

Stock

$3.86M

Salary

$1.10M

Bonus

$2.54M

Other

$407.55K

Total Holdings

$7.62M

A

John J. Christmann IV

CEO of APA Corporation

2023 Compensation

Stock

$0.00

Salary

$1.30M

Bonus

$0.00

Other

$611.30K

Total Holdings

$1.32M

C

Douglas E. Brooks

CEO of Chord Energy

2023 Compensation

Stock

$1.01M

Salary

$850.00K

Bonus

$0.00

Other

$23.81K

Total Holdings

$2.75M

C

Eric Greager

CEO of Civitas Resources

2023 Compensation

Stock

$0.00

Salary

$1.35M

Bonus

$2.05M

Other

$54.67K

Total Holdings

$5.97M

Holdings

See how much did Fernando Araujo make over time.

Fernando Araujo has been actively trading shares of Berry Corporation, demonstrating significant engagement. From September 2021 to October 2022, he consistently bought shares, with notable transactions peaking at approximately $2.44 million in April 2024. His holdings experienced sharp increases, especially...

Fernando Araujo has been actively trading shares of Berry Corporation, demonstrating significant engagement. From September 2021 to October 2022, he consistently bought shares, with notable transactions peaking at approximately $2.44 million in April 2024. His holdings experienced sharp increases, especially evident in early 2023, when he accumulated over $800,000 in a single month alone. His financial moves reflect a strong commitment to the company, having seen substantial fluctuations in his holdings as the stock navigated market conditions. As of early 2024, Araujo's significant trading activities emphasize his vested interest in Berry Corp.'s growth trajectory and operational success.

Total Stock Sold

$211.51K

BRY

$211.51K

33,950 BRY shares

What if they kept their stock?

If Fernando Araujo didn't sell their stock, today they would have:
Extra BRY33,950 shares worth $75.71K.
This is -64.21% and $135.80K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Fernando Araujo.

BRY

$211.04K

BRY at $6.22/share

Aug 23, 2024

Sale

BRY

243,433 shares

BRY

Feb 28, 2024

Received

BRY

39,344 shares

BRY

Mar 30, 2023

Received

Compensation History

See how much did Fernando Araujo make over time.

In 2023, Fernando Araujo's total compensation at Berry Corporation reached $3,392,101. This figure mainly consists of his base salary of $525,000, with an impressive $920,225 value from vested stock. He received no cash bonus for the year, aligning with his company's pay-for-performance philosophy. His package also includes $19,800 for retirement contributions. This total compensation strategy is designed to retain top talent while ensuring that executives' interests are aligned with the shareholders. Araujo's earnings reflect both his leadership position and the responsibilities he bears in guiding the company's strategic direction during fluctuating times in the energy sector.

Year

2023

Total Compensation

$1.47M

Salary

$525.00K

Board Justification

The compensation philosophy is to attract, retain, and reward high-performing executives, aligning their interests with those of stockholders through a pay-for-performance model.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2023.

Other

$19.80K

Board Justification

Company matching contributions to the Named Executive Officer’s 401(k) plan account.

Restricted Stock

$920.23K(109.28K RSUs and PSUs)

Board Justification

The number of shares acquired upon vesting of RSUs and PSUs during the fiscal year 2023.

Performance Metrics

Performance metrics include Adjusted EBITDA, Adjusted Free Cash Flow, and Total Recordable Incident Rate (TRIR) among others.

Other Berry Corporation CEOs

Here are other CEOs of Berry Corporation

Arthur "Trem" Smith

Ex-CEO of Berry Corporation

January 2017 - January 2023