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Oil-Weighted E&Ps' Q2 2025 Earnings

2nd Quarter 2025 ($in Millions)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Berry Petroleum BRY $125.6 $66.2 $53.2 $13.0 $35.3 $0.0 $0.0 $24.2 $59.5
California Resources CRC $702.0 $342.0 $295.0 $47.0 $128.0 $0.0 $0.0 $232.0 $360.0
Chord Energy CHRD $950.3 $400.0 $331.1 $69.0 $377.0 $541.9 $0.0 -$368.7 $550.2
Devon Energy DVN $2,710.0 $899.0 $702.0 $197.0 $914.0 $0.0 $20.0 $877.0 $1,811.0
Diamondback Energy FANG $3,316.0 $799.0 $585.0 $214.0 $1,266.0 $0.0 $0.0 $1,251.0 $2,517.0
EOG Resources EOG $4,108.0 $1,152.0 $851.0 $301.0 $1,053.0 $39.0 $85.0 $1,779.0 $2,956.0
HighPeak Energy HPK $200.4 $46.1 $33.7 $12.4 $101.2 $0.0 $1.1 $51.9 $154.3
Occidental Petroleum OXY $5,009.0 $1,813.0 $1,544.0 $269.0 $1,722.0 $0.0 $83.0 $1,391.0 $3,196.0
Permian Resources PR $1,197.6 $338.7 $243.7 $94.9 $506.4 $0.1 $5.1 $347.3 $858.9
Riley Permian REPX $85.4 $25.0 $18.9 $6.1 $19.6 $1.2 $0.0 $39.6 $60.4
Ring Energy REI $82.6 $26.0 $20.6 $5.5 $25.6 $0.0 $0.0 $31.0 $56.6
Talos Energy TALO $424.7 $137.1 $137.0 $0.1 $269.7 $223.9 $0.0 -$206.0 $287.6
Vital Energy VTLE $427.3 $150.1 $123.8 $26.4 $186.4 $427.0 $0.0 -$336.3 $277.1
Total   $19,338.9 $6,194.2 $4,938.9 $1,255.3 $6,604.2 $1,233.2 $194.2 $5,113.0 $13,144.7

Source: Oil & Gas Financial Analytics, LLC

2nd Quarter 2025 ($/boe)

Company Ticker Revenue Lifting Costs Production Costs Prod. Taxes DD&A Impair. Explor. Pre-tax income Cash flow
Berry Petroleum BRY $57.7 $30.4 $24.4 $6.0 $16.2 $0.0 $0.0 $11.1 $27.3
California Resources CRC $56.1 $27.3 $23.6 $3.8 $10.2 $0.0 $0.0 $18.5 $28.8
Chord Energy CHRD $37.1 $15.6 $12.9 $2.7 $14.7 $21.1 $0.0 -$14.4 $21.5
Devon Energy DVN $35.4 $11.8 $9.2 $2.6 $12.0 $0.0 $0.3 $11.5 $23.7
Diamondback Energy FANG $39.6 $9.5 $7.0 $2.6 $15.1 $0.0 $0.0 $14.9 $30.1
EOG Resources EOG $39.8 $11.2 $8.2 $2.9 $10.2 $0.4 $0.8 $17.2 $28.6
HighPeak Energy HPK $45.3 $10.4 $7.6 $2.8 $22.9 $0.0 $0.3 $11.7 $34.9
Occidental Petroleum OXY $39.3 $14.2 $12.1 $2.1 $13.5 $0.0 $0.7 $10.9 $25.1
Permian Resources PR $34.2 $9.7 $7.0 $2.7 $14.5 $0.0 $0.1 $9.9 $24.5
Riley Permian REPX $38.5 $11.3 $8.5 $2.8 $8.8 $0.5 $0.0 $17.9 $27.3
Ring Energy REI $42.6 $13.4 $10.6 $2.8 $13.2 $0.0 $0.0 $16.0 $29.2
Talos Energy TALO $50.0 $16.1 $16.1 $0.0 $31.8 $26.4 $0.0 -$24.3 $33.9
Vital Energy VTLE $34.0 $12.0 $9.9 $2.1 $14.8 $34.0 $0.0 -$26.8 $22.1
Total   $39.0 $12.5 $10.0 $2.5 $13.3 $2.5 $0.4 $10.3 $26.5

Source: Oil & Gas Financial Analytics, LLC