Whiting Petroleum’s historical revenues
Specifically, Whiting Petroleum’s (WLL) 2Q16 revenue fell by ~48.2% YoY (year-over-year), and its YoY revenue growth was -21% in 2Q15 and -44% in 1Q16.
By comparison, Whiting’s upstream peers Oasis Petroleum (OAS), Concho Resources (CXO), and Continental Resources (CLR) saw YoY revenue growths of -22%,-13%, and -40%, respectively, in 2Q16. These companies have yet to release their fiscal 2Q16 earnings.
WLL’s net profit margin has been negative since 3Q14. In 2Q16, it was -89%, as compared to -23% in 2Q15 and -59% in 1Q16.
Continue to the next part for a look at Whiting’s growth goals.