Continental Resources has reported Q3 revenue of $1.34B, good for 93.5% Y/Y growth but $70M below the Wall Street consensus. Meanwhile, the company reported Q3 GAAP EPS of $1.24 vs.($0.25), beating by $0.31. Q3 2021 cash flow from operating activities came in at $1,199 million; Operating Cash Flow was $1,131 million while Free Cash Flow was $740 million. Diamondback has announced a commitment to return 50% of free cash flow to stockholders beginning in Q4 2021. OXY reported that cash flow from continuing operations clocked in at $2.9 billion, capital spending was $656 million, while free cash flow excluding working capital came in at over $2.3 billion.

Source: The North Africa Journal November 07, 2021 00:38 UTC