Daily Blog

Q3 2023 Oil-Weighted 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
Berry Petroleum BRY $173 $80 $62 $18 $40 $0 $0 $52 $92
California Resources CRC $510 $260 $212 $48 $56 $0 $0 $194 $250
Callon Petroleum CPE $510 $131 $101 $31 $139 $0 $4 $237 $379
Chord Energy CHRD $841 $302 $229 $72 $160 $0 $2 $377 $539
Devon Energy DVN $2,882 $757 $545 $212 $651 $0 $3 $1,471 $2,125
Diamondback Energy FANG $2,265 $417 $299 $118 $442 $0 $0 $1,406 $1,848
Earthstone Energy ESTE $476 $140 $101 $38 $123 $0 $0 $213 $336
EOG Resources EOG $4,635 $1,116 $775 $341 $898 $54 $43 $2,524 $3,519
Hess Corp. HES $2,104 $528 $467 $61 $499 $0 $65 $1,012 $1,576
HighPeak Energy HPK $346 $59 $40 $19 $117 $0 $2 $168 $287
Marathon Oil MRO $1,771 $469 $356 $113 $583 $0 $20 $699 $1,302
Occidental Petroleum OXY $5,594 $1,479 $1,189 $290 $1,522 $0 $125 $2,468 $4,115
Permian Resources PR $759 $165 $107 $59 $236 $0 $5 $352 $593
Pioneer Natural Resources PXD $3,460 $769 $564 $205 $728 $0 $18 $1,945 $2,691
Talos Energy TALO $383 $104 $104 $1 $163 $0 $0 $116 $279
Vital Energy VTLE $435 $104 $77 $27 $120 $0 $0 $210 $330
Total   $27,142 $6,881 $5,228 $1,653 $6,478 $54 $286 $13,443 $20,261

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
Berry Petroleum BRY $74.21 $34.56 $26.83 $7.73 $17.08 $- $- $22.57 $39.65
California Resources CRC $65.22 $33.25 $27.11 $6.14 $7.16 $- $- $24.81 $31.97
Callon Petroleum CPE $54.50 $14.03 $10.77 $3.27 $14.81 $- $0.38 $25.28 $40.47
Chord Energy CHRD $51.91 $18.64 $14.17 $4.48 $9.90 $- $0.10 $23.27 $33.27
Devon Energy DVN $47.08 $12.37 $8.90 $3.46 $10.64 $- $0.05 $24.03 $34.72
Diamondback Energy FANG $54.37 $10.01 $7.18 $2.83 $10.61 $- $- $33.75 $44.36
Earthstone Energy ESTE $44.22 $12.97 $9.40 $3.57 $11.44 $- $0.05 $19.77 $31.25
EOG Resources EOG $50.46 $12.15 $8.44 $3.71 $9.78 $0.59 $0.47 $27.48 $38.31
Hess Corp. HES $57.97 $14.55 $12.87 $1.68 $13.75 $- $1.79 $27.88 $43.42
HighPeak Energy HPK $71.27 $12.10 $8.21 $3.89 $24.21 $- $0.36 $34.60 $59.17
Marathon Oil MRO $45.62 $12.08 $9.17 $2.91 $15.02 $- $0.52 $18.00 $33.54
Occidental Petroleum OXY $49.85 $13.18 $10.60 $2.58 $13.56 $- $1.11 $22.00 $36.67
Permian Resources PR $47.95 $10.46 $6.73 $3.73 $14.93 $0.02 $0.32 $22.22 $37.49
Pioneer Natural Resources PXD $52.13 $11.59 $8.50 $3.09 $10.97 $- $0.27 $29.30 $40.54
Talos Energy TALO $65.39 $17.78 $17.67 $0.10 $27.88 $- $- $19.74 $47.62
Vital Energy VTLE $46.44 $11.16 $8.24 $2.92 $12.87 $- $- $22.41 $35.28
Total   $51.14 $12.96 $9.85 $3.11 $12.20 $0.10 $0.54 $25.33 $38.17

Source: Oil & Gas Financial Analytics, LLC