Daily Blog

Q3 2023 Diversified E&Ps' Financial Results

(Note: Each column is sortable by clicking once or twice on the column title. For example, clicking on "Revenue" will rank the companies either low-to-high or high-to-low.)

3rd Quarter 2023 ($in Millions)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
APA Corp. APA $2,079 $544 $483 $61 $407 $0 $49 $1,079 $1,535
Civitas Resources CIVI $1,036 $267 $184 $83 $320 $0 $0 $448 $769
ConocoPhillips COP $8,707 $2,531 $1,995 $536 $2,095 $11 $92 $3,978 $6,176
Continental Resources CLR $2,082 $425 $263 $163 $577 $11 $3 $1,066 $1,657
Crescent Energy CRGY $631 $262 $226 $36 $186 $0 $0 $183 $369
Enerplus Corp. ERF $462 $173 $133 $40 $92 $0 $0 $197 $289
Magnolia Oil & Gas MGY $316 $61 $46 $15 $81 $0 $5 $168 $255
Matador Resources MTDR $702 $138 $66 $72 $193 $0 $0 $371 $563
Murphy Oil MUR $946 $266 $255 $11 $235 $0 $26 $419 $680
Northern Oil & Gas NOG $512 $125 $83 $42 $134 $0 $0 $253 $387
Ovintiv Inc OVV $2,049 $765 $676 $89 $486 $0 $0 $798 $1,284
SM Energy SM $640 $138 $138 $0 $189 $0 $10 $302 $501
W&T Offshore WTI $140 $69 $69 $0 $36 $0 $0 $35 $72
Total   $20,301 $5,764 $4,616 $1,148 $5,032 $22 $186 $9,297 $14,537

Source: Oil & Gas Financial Analytics, LLC

3rd Quarter 2023 ($/boe)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
APA Corp. APA $54.82 $14.34 $12.73 $1.61 $10.73 $- $1.29 $28.45 $40.47
Civitas Resources CIVI $47.86 $12.35 $8.49 $3.85 $14.81 $- $0.02 $20.69 $35.51
ConocoPhillips COP $52.42 $15.24 $12.01 $3.23 $12.61 $0.07 $0.55 $23.95 $37.18
Continental Resources CLR $49.68 $10.14 $6.27 $3.88 $13.76 $0.26 $0.07 $25.44 $39.53
Crescent Energy CRGY $43.77 $18.18 $15.65 $2.53 $12.93 $- $- $12.66 $25.59
Enerplus Corp. ERF $48.65 $18.25 $14.04 $4.21 $9.67 $- $- $20.72 $30.39
Magnolia Oil & Gas MGY $41.51 $8.02 $6.07 $1.95 $10.67 $- $0.67 $22.14 $33.49
Matador Resources MTDR $56.42 $11.11 $5.34 $5.77 $15.51 $- $- $29.81 $45.32
Murphy Oil MUR $49.38 $13.88 $13.31 $0.57 $12.25 $- $1.38 $21.87 $35.50
Northern Oil & Gas NOG $54.35 $13.24 $8.76 $4.48 $14.21 $- $- $26.90 $41.11
Ovintiv Inc OVV $38.95 $14.54 $12.85 $1.69 $9.24 $- $- $15.17 $24.41
SM Energy SM $45.24 $9.78 $9.78 $- $13.39 $- $0.72 $21.35 $35.46
W&T Offshore WTI $42.48 $20.75 $20.75 $- $11.01 $- $- $10.72 $21.73
Total   $49.50 $14.05 $11.26 $2.80 $12.27 $0.05 $0.45 $22.67 $35.44

Source: Oil & Gas Financial Analytics, LLC