Energy
Oil & Gas Exploration & Production
$19.33B
894
Key insights and themes extracted from this filing
Net income decreased by $325 million, from $677 million in Q1 2023 to $352 million in Q1 2024. This represents a decrease from $0.88 per share to $0.47 per share.
Net cash provided by operating activities decreased by $638 million, from $1.5 billion in Q1 2023 to $856 million in Q1 2024. This is attributed to lower natural gas prices and higher operating costs, partially offset by increased oil revenue.
Equivalent production increased by 5.2 MMBoe, from 57.2 MMBoe in Q1 2023 to 62.4 MMBoe in Q1 2024. This increase is driven by higher natural gas, oil, and NGL production.