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Veren (CPG) Revenue & Revenue Breakdown

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Veren Revenue Highlights

Latest Revenue (Y)

$3.19B

Latest Revenue (Q)

$1.02B

Main Segment (Y)

Oil and Gas Sales

Veren Revenue by Period

Veren Revenue by Year

DateRevenueChange
2023-12-31$3.19B-20.11%
2022-12-31$3.99B41.13%
2021-12-31$2.83B90.15%
2020-12-31$1.49B-48.28%
2019-12-31$2.88B-13.35%
2018-12-31$3.32B17.29%
2017-12-31$2.83B29.58%
2016-12-31$2.18B-7.60%
2015-12-31$2.36B-31.67%
2014-12-31$3.46B20.04%
2013-12-31$2.88B29.43%
2012-12-31$2.23B4.97%
2011-12-31$2.12B42.96%
2010-12-31$1.48B66.45%
2009-12-31$891.44M-26.55%
2008-12-31$1.21B86.10%
2007-12-31$652.17M52.56%
2006-12-31$427.49M70.26%
2005-12-31$251.08M61.67%
2004-12-31$155.30M107.47%
2003-12-31$74.85M299.03%
2002-12-31$18.76M4429.37%
2001-12-31$414.17K-

Veren generated $3.19B in revenue during NA 2023, up -20.11% compared to the previous quarter, and up 96.07% compared to the same period a year ago.

Veren Revenue by Quarter

DateRevenueChange
2024-03-31$1.02B18.68%
2023-12-31$861.40M-5.21%
2023-09-30$908.70M7.95%
2023-06-30$841.80M4.07%
2023-03-31$808.90M-11.38%
2022-12-31$912.80M-5.95%
2022-09-30$970.50M-14.21%
2022-06-30$1.13B15.63%
2022-03-31$978.40M23.33%
2021-12-31$793.30M7.51%
2021-09-30$737.90M-1.71%
2021-06-30$750.70M37.11%
2021-03-31$547.50M40.31%
2020-12-31$390.20M2.33%
2020-09-30$381.30M65.93%
2020-06-30$229.80M-52.78%
2020-03-31$486.70M-22.09%
2019-12-31$624.70M-5.25%
2019-09-30$659.30M-18.87%
2019-06-30$812.60M4.11%
2019-03-31$780.50M16.23%
2018-12-31$671.50M-26.29%
2018-09-30$911.00M-2.24%
2018-06-30$931.90M15.61%
2018-03-31$806.10M1.59%
2017-12-31$793.50M21.68%
2017-09-30$652.10M-5.83%
2017-06-30$692.50M-0.04%
2017-03-31$692.80M8.62%
2016-12-31$637.80M15.21%
2016-09-30$553.60M-0.74%
2016-06-30$557.70M28.06%
2016-03-31$435.50M-24.49%
2015-12-31$576.75M-6.19%
2015-09-30$614.82M-6.48%
2015-06-30$657.43M27.58%
2015-03-31$515.30M-32.93%
2014-12-31$768.25M-14.44%
2014-09-30$897.93M-5.03%
2014-06-30$945.51M11.47%
2014-03-31$848.22M13.83%
2013-12-31$745.16M-5.67%
2013-09-30$789.98M12.16%
2013-06-30$704.35M9.59%
2013-03-31$642.73M148.02%
2012-12-31$259.15M-60.63%
2012-09-30$658.20M9.71%
2012-06-30$599.96M37.91%
2012-03-31$435.03M-23.27%
2011-12-31$566.95M12.89%
2011-09-30$502.19M-24.47%
2011-06-30$664.85M118.51%
2011-03-31$304.27M-14.69%
2010-12-31$356.67M1.52%
2010-09-30$351.31M6.39%
2010-06-30$330.22M-10.03%
2010-03-31$367.05M43.44%
2009-12-31$255.89M-29.97%
2009-09-30$365.43M196.99%
2009-06-30$123.04M-16.34%
2009-03-31$147.08M-30.38%
2008-12-31$211.26M-42.24%
2008-09-30$365.75M1.40%
2008-06-30$360.69M30.69%
2008-03-31$275.98M28.51%
2007-12-31$214.75M-

Veren generated $1.02B in revenue during Q1 2024, up 18.68% compared to the previous quarter, and up 112.00% compared to the same period a year ago.

Veren Revenue Breakdown

Veren Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 19Dec 18
Oil and Gas Sales$4.49B$3.34B-
Crude Oil Sales$553.30M$667.90M$811.70K
NGL Sales$55.20M$34.20M$41.20K
Natural Gas Sales$37.60M$27.90M$34.60K

Veren's latest annual revenue breakdown by segment (product or service), as of Dec 22: Oil and Gas Sales (87.43%), Crude Oil Sales (10.77%), NGL Sales (1.07%), and Natural Gas Sales (0.73%).

Veren Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
COPConocoPhillips$82.16B$13.60B
CNQCanadian Natural Resources$35.97B$8.24B
OVVOvintiv$10.73B$2.32B
ARAntero Resources$4.68B$1.06B
BTEBaytex Energy$3.38B$775.02M
VETVermilion Energy$2.20B$497.85M
VTLEVital Energy$1.55B$459.23M

CPG Revenue FAQ

What is Veren’s yearly revenue?

Veren's yearly revenue for 2023 was $3.19B, representing a decrease of -20.11% compared to 2022. The company's yearly revenue for 2022 was $3.99B, representing an increase of 41.13% compared to 2021. CPG's yearly revenue for 2021 was $2.83B, representing an increase of 90.15% compared to 2020.

What is Veren’s quarterly revenue?

Veren's quarterly revenue for Q1 2024 was $1.02B, a 18.68% increase from the previous quarter (Q4 2023), and a 26.38% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $861.4M, a -5.21% decrease from the previous quarter (Q3 2023), and a -5.63% decrease year-over-year (Q4 2022). CPG's quarterly revenue for Q3 2023 was $908.7M, a 7.95% increase from the previous quarter (Q2 2023), and a -6.37% decrease year-over-year (Q3 2022).

What is Veren’s revenue growth rate?

Veren's revenue growth rate for the last 3 years (2021-2023) was 12.74%, and for the last 5 years (2019-2023) was 10.87%.

What are Veren’s revenue streams?

Veren's revenue streams in c 22 are Oil and Gas Sales, Crude Oil Sales, NGL Sales, and Natural Gas Sales. Oil and Gas Sales generated $4.49B in revenue, accounting 87.43% of the company's total revenue, up 34.69% year-over-year. Crude Oil Sales generated $553.3M in revenue, accounting 10.77% of the company's total revenue, down -17.16% year-over-year. NGL Sales generated $55.2M in revenue, accounting 1.07% of the company's total revenue, up 61.40% year-over-year. Natural Gas Sales generated $37.6M in revenue, accounting 0.73% of the company's total revenue, up 34.77% year-over-year.

What is Veren’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Veren was Oil and Gas Sales. This segment made a revenue of $4.49B, representing 87.43% of the company's total revenue.