| Whiting posts $1.87 bln loss, writes down value of Kodiak deal | |
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By Ernest Scheyder WILLISTON, N.D., Oct 28 (Reuters) - Whiting Petroleum Corp , North Dakota's largest oil producer, posted a quarterly loss on Wednesday due to plunging crude prices and the writedown of its 2014 buyout of rival Kodiak Oil & Gas. Whiting posted a net loss of $1.87 billion, or $9.14 per share, compared with net income of $158 million, or $1.32 per share, in the year-ago period. Production rose 38 percent to 160,590 barrels of oil equivalent per day (boe/d) even as the average price Whiting received for its oil fell 49 percent. Shares of Denver-based Whiting fell 1.7 percent in after-hours trading. (Reporting by Ernest Scheyder; Editing by Tom Brown)
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Whiting Petroleum Corporation
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CODE : WLL |
ISIN : US9663871021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Whiting Petroleum is a oil producing company based in United states of america. Whiting Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 6.2 billions as of today (€ 6.1 billions). Its stock quote reached its highest recent level on August 22, 2008 at US$ 99.26, and its lowest recent point on April 03, 2020 at US$ 0.25. Whiting Petroleum has 90 927 193 shares outstanding. |