Civitas Resources Inc
NYSE:CIVI
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| US |
|
Civitas Resources Inc
NYSE:CIVI
|
3B USD |
13%
|
|
| US |
|
Conocophillips
NYSE:COP
|
118.4B USD |
17%
|
|
| CN |
C
|
CNOOC Ltd
SSE:600938
|
740B CNY |
19%
|
|
| CA |
|
Canadian Natural Resources Ltd
TSX:CNQ
|
96.5B CAD |
19%
|
|
| US |
|
EOG Resources Inc
NYSE:EOG
|
68.2B USD |
21%
|
|
| US |
P
|
Pioneer Natural Resources Co
LSE:0KIX
|
46B USD |
21%
|
|
| US |
|
Hess Corp
NYSE:HES
|
44.4B USD |
21%
|
|
| US |
|
Diamondback Energy Inc
NASDAQ:FANG
|
42.7B USD |
14%
|
|
| US |
V
|
Venture Global Inc
NYSE:VG
|
38.1B USD |
14%
|
|
| US |
|
EQT Corp
NYSE:EQT
|
35.5B USD |
2%
|
|
| AU |
|
Woodside Energy Group Ltd
ASX:WDS
|
48.6B AUD |
10%
|
Civitas Resources Inc
Glance View
Civitas Resources Inc. emerged as a prominent player in the oil and gas industry following the merger of Bonanza Creek Energy and Extraction Oil & Gas, setting a historical precedent in the Denver-Julesburg Basin of Colorado. This strategic union, completed in 2021, was further solidified with the inclusion of Crestone Peak Resources, ultimately creating one of Colorado's largest pure-play energy producers. Civitas pursues a focused strategy of consolidating resources in the region, optimizing operations through scale and efficiency. The company sustains its operations primarily by extracting oil and natural gas, targeting formations with technically recoverable quantities. By leveraging advanced drilling technologies and a robust understanding of geological layouts, Civitas efficiently maximizes production while minimizing environmental impact—an essential component of its long-term operational strategy. Financially, Civitas Resources thrives on generating revenue through the sale of its extracted commodities. With oil and natural gas prices fluctuating based on market demands, geopolitical tensions, and regulatory policies, Civitas seeks to maintain stability by implementing hedging strategies that manage price volatility. Revenue is further enhanced by optimizing drilling and well completion techniques, reducing operational costs, and improving recovery rates. An emphasis on sustainable practices not only helps mitigate operational risks but also aligns with the evolving regulatory landscape and stakeholder expectations. Through a combination of strategic mergers, technological efficiency, and a commitment to sustainability, Civitas Resources positions itself as a resilient entity in the ever-evolving energy market.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on Civitas Resources Inc's most recent financial statements, the company has ROE of 12.7%.
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