Veren (CPG) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.19B | -20.11% |
| 2022-12-31 | $3.99B | 41.13% |
| 2021-12-31 | $2.83B | 90.15% |
| 2020-12-31 | $1.49B | -48.28% |
| 2019-12-31 | $2.88B | -13.35% |
| 2018-12-31 | $3.32B | 17.29% |
| 2017-12-31 | $2.83B | 29.58% |
| 2016-12-31 | $2.18B | -7.60% |
| 2015-12-31 | $2.36B | -31.67% |
| 2014-12-31 | $3.46B | 20.04% |
| 2013-12-31 | $2.88B | 29.43% |
| 2012-12-31 | $2.23B | 4.97% |
| 2011-12-31 | $2.12B | 42.96% |
| 2010-12-31 | $1.48B | 66.45% |
| 2009-12-31 | $891.44M | -26.55% |
| 2008-12-31 | $1.21B | 86.10% |
| 2007-12-31 | $652.17M | 52.56% |
| 2006-12-31 | $427.49M | 70.26% |
| 2005-12-31 | $251.08M | 61.67% |
| 2004-12-31 | $155.30M | 107.47% |
| 2003-12-31 | $74.85M | 299.03% |
| 2002-12-31 | $18.76M | 4429.37% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $1.02B | 18.68% |
| 2023-12-31 | $861.40M | -5.21% |
| 2023-09-30 | $908.70M | 7.95% |
| 2023-06-30 | $841.80M | 4.07% |
| 2023-03-31 | $808.90M | -11.38% |
| 2022-12-31 | $912.80M | -5.95% |
| 2022-09-30 | $970.50M | -14.21% |
| 2022-06-30 | $1.13B | 15.63% |
| 2022-03-31 | $978.40M | 23.33% |
| 2021-12-31 | $793.30M | 7.51% |
| 2021-09-30 | $737.90M | -1.71% |
| 2021-06-30 | $750.70M | 37.11% |
| 2021-03-31 | $547.50M | 40.31% |
| 2020-12-31 | $390.20M | 2.33% |
| 2020-09-30 | $381.30M | 65.93% |
| 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 | $812.60M | 4.11% |
| 2019-03-31 | $780.50M | 16.23% |
| 2018-12-31 | $671.50M | -26.29% |
| 2018-09-30 | $911.00M | -2.24% |
| 2018-06-30 | $931.90M | 15.61% |
| 2018-03-31 | $806.10M | 1.59% |
| 2017-12-31 | $793.50M | 21.68% |
| 2017-09-30 | $652.10M | -5.83% |
| 2017-06-30 | $692.50M | -0.04% |
| 2017-03-31 | $692.80M | 8.62% |
| 2016-12-31 | $637.80M | 15.21% |
| 2016-09-30 | $553.60M | -0.74% |
| 2016-06-30 | $557.70M | 28.06% |
| 2016-03-31 | $435.50M | -24.49% |
| 2015-12-31 | $576.75M | -6.19% |
| 2015-09-30 | $614.82M | -6.48% |
| 2015-06-30 | $657.43M | 27.58% |
| 2015-03-31 | $515.30M | -32.93% |
| 2014-12-31 | $768.25M | -14.44% |
| 2014-09-30 | $897.93M | -5.03% |
| 2014-06-30 | $945.51M | 11.47% |
| 2014-03-31 | $848.22M | 13.83% |
| 2013-12-31 | $745.16M | -5.67% |
| 2013-09-30 | $789.98M | 12.16% |
| 2013-06-30 | $704.35M | 9.59% |
| 2013-03-31 | $642.73M | 148.02% |
| 2012-12-31 | $259.15M | -60.63% |
| 2012-09-30 | $658.20M | 9.71% |
| 2012-06-30 | $599.96M | 37.91% |
| 2012-03-31 | $435.03M | -23.27% |
| 2011-12-31 | $566.95M | 12.89% |
| 2011-09-30 | $502.19M | -24.47% |
| 2011-06-30 | $664.85M | 118.51% |
| 2011-03-31 | $304.27M | -14.69% |
| 2010-12-31 | $356.67M | 1.52% |
| 2010-09-30 | $351.31M | 6.39% |
| 2010-06-30 | $330.22M | -10.03% |
| 2010-03-31 | $367.05M | 43.44% |
| 2009-12-31 | $255.89M | -29.97% |
| 2009-09-30 | $365.43M | 196.99% |
| 2009-06-30 | $123.04M | -16.34% |
| 2009-03-31 | $147.08M | -30.38% |
| 2008-12-31 | $211.26M | -42.24% |
| 2008-09-30 | $365.75M | 1.40% |
| 2008-06-30 | $360.69M | 30.69% |
| 2008-03-31 | $275.98M | 28.51% |
| 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/Service | Dec 22 | Dec 19 | Dec 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| COP | ConocoPhillips | $82.16B | $14.14B |
| CNQ | Canadian Natural Resources | $35.97B | $8.24B |
| OVV | Ovintiv | $10.73B | $2.21B |
| AR | Antero Resources | $4.68B | $978.65M |
| BTE | Baytex Energy | $3.38B | $775.02M |
| CPG | Veren | $3.19B | $1.02B |
| VET | Vermilion Energy | $2.20B | $497.85M |
| VTLE | Vital Energy | $1.55B | $476.37M |
| ROCC | Ranger Oil | $1.14B | $257.43M |
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.