Daily Blog

Q2 2024 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.)

2nd Quarter 2024 ($in Millions)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Berry Petroleum BRY $169 $67 $54 $13 $43 $44 $0 $15 $102
California Resources CRC $412 $195 $156 $39 $53 $13 $0 $151 $217
Chord Energy CHRD $903 $319 $240 $80 $228 $0 $1 $354 $583
Devon Energy DVN $2,796 $788 $580 $208 $768 $0 $3 $1,237 $2,008
Diamondback Energy FANG $2,174 $477 $336 $141 $483 $0 $0 $1,214 $1,697
EOG Resources EOG $4,510 $1,150 $813 $337 $984 $81 $39 $2,256 $3,360
Hess Corp. HES $2,544 $825 $761 $64 $550 $0 $101 $1,068 $1,719
HighPeak Energy HPK $276 $49 $33 $17 $128 $0 $0 $98 $226
Marathon Oil MRO $1,666 $494 $391 $103 $577 $0 $14 $581 $1,172
Occidental Petroleum OXY $5,469 $1,849 $1,584 $265 $1,775 $0 $83 $1,762 $3,620
Permian Resources PR $1,246 $296 $203 $93 $426 $6 $6 $511 $950
Riley Permian REPX $105 $24 $16 $7 $17 $0 $0 $64 $82
Ring Energy REI $99 $25 $20 $5 $25 $0 $0 $50 $75
Talos Energy TALO $549 $158 $157 $0 $259 $0 $0 $132 $391
Vital Energy VTLE $476 $158 $131 $27 $174 $0 $0 $144 $318
Total   $23,394 $6,874 $5,475 $1,399 $6,490 $144 $248 $9,638 $16,520

Source: Oil & Gas Financial Analytics, LLC

2nd Quarter 2024 ($/boe)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Berry Petroleum BRY $73.36 $28.97 $23.47 $5.51 $18.62 $19.12 $- $6.65 $44.38
California Resources CRC $59.57 $28.20 $22.56 $5.64 $7.66 $1.88 $- $21.83 $31.38
Chord Energy CHRD $47.88 $16.94 $12.72 $4.22 $12.09 $- $0.08 $18.77 $30.94
Devon Energy DVN $43.49 $12.26 $9.02 $3.24 $11.95 $- $0.05 $19.24 $31.23
Diamondback Energy FANG $50.33 $11.04 $7.78 $3.26 $11.18 $- $- $28.11 $39.29
EOG Resources EOG $47.31 $12.06 $8.53 $3.54 $10.32 $0.85 $0.41 $23.67 $35.25
Hess Corp. HES $59.82 $19.40 $17.89 $1.50 $12.93 $- $2.37 $25.11 $40.42
HighPeak Energy HPK $62.51 $11.20 $7.44 $3.76 $28.96 $- $0.04 $22.32 $51.31
Marathon Oil MRO $52.11 $15.45 $12.23 $3.22 $18.05 $- $0.44 $18.17 $36.66
Occidental Petroleum OXY $47.80 $16.16 $13.84 $2.32 $15.51 $- $0.73 $15.40 $31.64
Permian Resources PR $40.42 $9.62 $6.60 $3.02 $13.83 $0.21 $0.19 $16.57 $30.80
Riley Permian REPX $54.30 $12.20 $8.50 $3.70 $9.01 $- $0.03 $33.07 $42.10
Ring Energy REI $55.06 $13.64 $10.88 $2.76 $13.72 $- $- $27.70 $41.42
Talos Energy TALO $63.21 $18.16 $18.11 $0.05 $29.82 $- $- $15.23 $45.05
Vital Energy VTLE $40.45 $13.43 $11.13 $2.30 $14.81 $- $- $12.21 $27.02
Total   $48.82 $14.34 $11.43 $2.92 $13.54 $0.30 $0.52 $20.11 $34.47

Source: Oil & Gas Financial Analytics, LLC