A Look at Whiting Petroleum’s Profit Margin and Revenue Trends



Whiting’s revenue and net profit margin 

Whiting Petroleum’s (WLL) 2Q16 revenue fell by ~48.2% YoY (year-over-year). Its YoY revenue growth was -21% in 2Q15 and -44% in 1Q16.

In comparison, Whiting’s upstream peers Newfield Exploration (NFX) and Continental Resources (CLR) saw YoY revenue growth of -22% and -27%, respectively, in 1Q16. These companies have yet to release their 2Q16 earnings.

NFX and WLL make up 2.7% of the iShares US Oil & Gas Exploration & Production ETF (IEO). WLL also saw a fall in its net profit margin. In 2Q16, it was -89%. In comparison, it was -23% in 2Q15 and -59% in 1Q16.

Article continues below advertisement

More From Market Realist