Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $33.14 USD
Change Today +0.32 / 0.98%
Volume 3.3M
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

newfield exploration co (NFX) Snapshot

Open
$33.09
Previous Close
$32.82
Day High
$34.40
Day Low
$32.51
52 Week High
09/4/14 - $43.19
52 Week Low
01/14/15 - $22.31
Market Cap
5.4B
Average Volume 10 Days
5.2M
EPS TTM
$1.32
Shares Outstanding
163.0M
EX-Date
--
P/E TM
25.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWFIELD EXPLORATION CO (NFX)

newfield exploration co (NFX) Related Businessweek News

No Related Businessweek News Found

newfield exploration co (NFX) Details

Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company’s primary areas of operation include the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.

1,331 Employees
Last Reported Date: 02/24/15
Founded in 1988

newfield exploration co (NFX) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $591.4K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $638.7K
Senior Vice President of Operations
Total Annual Compensation: $356.7K
Senior Vice President of Development
Total Annual Compensation: $421.4K
Compensation as of Fiscal Year 2014.

newfield exploration co (NFX) Key Developments

Newfield Exploration Co. Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Tax Rate Guidance for the Third Quarter and Full Year of 2015

Newfield Exploration Co. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported oil, gas and NGL revenues of $469 million against $612 million a year ago. Loss from operations was $1,496 million against income from operations of $181 million a year ago. Loss from continuing operations before income taxes was $1,566 million against income from continuing operations before income taxes of $30 million a year ago. Loss from continuing operations was $992 million against $22 million a year ago. Net loss was $992 million against $22 million a year ago. Loss from continuing operations per diluted share was $6.09 against $0.16 a year ago. Diluted loss per share was $6.09 against diluted earnings per share of $0.16 a year ago. The loss was primarily related to a full-cost ceiling test impairment of $1.5 billion ($958 million after-tax, or $5.88 per share). Net cash provided by operating activities before changes in operating assets and liabilities was $347 million. For the six months, the company reported oil, gas and NGL revenues of $818 million against $1,183 million a year ago. Loss from operations was $2,380 million against income from operations of $363 million a year ago. Loss from continuing operations before income taxes was $2,326 million against income from continuing operations before income taxes of $20 million a year ago. Loss from continuing operations was $1,472 million against income from operations of $5 million a year ago. Net loss was $1,472 million against net income of $262 million a year ago. Loss from continuing operations per diluted share was $9.55 against earnings per diluted share from continuing operations of $0.03 a year ago. Diluted loss per share was $9.55 against diluted earnings per share of $1.90 a year ago. Net cash provided by operating activities was $577 million against $733 million a year ago. Additions to oil and gas properties and other were $927 million against $1,036 million a year ago. Newfield's total net production in the second quarter of 2015 was 14.1 million BOE, comprised of 51% oil, 14% natural gas liquids and 35% natural gas. Domestic production in the second quarter was 12.4 MMBOE. Newfield estimates that weather issues and third-party mid-stream curtailments in SCOOP during the second quarter negatively impacted net production by approximately 0.2 MMBOE. Newfield increased its 2015 domestic production guidance to 48.5 MMBOE to 50.0 MMBOE (previous mid-point was 48.5 MMBOE). Total company net production guidance is expected to be 53. 5 MMBOE to 55.0 MMBOE. For the third quarter, the company expects total company net production guidance is expected to be 13.7 MMBOE to 13.9 MMBOE. Interest expense is to be $436 million and tax rate is to be 44%. The company's 2015 capital budget was increased to $1.4 billion (previous budget was $1.2 billion). The increase relates to the recent addition of approximately 20 million net acres in the Anadarko Basin, the quickening pace of drilling in SCOOP and STACK and the planned drilling and completion of 15 additional wells in STACK. Outside of the Anadarko Basin, the company's 2015 planned investments remain unchanged. Additional planned drilling in STACK will reduce lease renewal costs by approximately $40 million. Tax rate is to be 42%. Interest expense is to be $163 million.

Newfield Exploration Company Announces Executive Appointments

Newfield Exploration Company announced that effective July 28, 2015, Roger B. Plank, former president and chief corporate officer, Apache Corporation, has been appointed to Newfield's Board of Directors. In addition, James Kent Wells, former chief executive officer, Fidelity Exploration & Production Company, will be appointed to Newfield's Board of Directors effective August 1, 2015. Plank is a partner with Indian Creek Holdings. His responsibilities included strategic planning, finance and accounting, business development, oil and gas marketing, investor relations, public and governmental affairs, corporate governance, tax and internal audit. Wells has more than 35 years of experience in the oil and gas industry, serving 32 years with Amoco and BP. He retired earlier 2015 from Fidelity Exploration & Production Company, where he held the positions of chief executive officer and vice chairman of MDU Resources, the parent company of Fidelity.

Newfield Exploration Co. to Report Q2, 2015 Results on Aug 04, 2015

Newfield Exploration Co. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Aug 04, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
NFX:US $33.14 USD +0.32

NFX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Cairn India Ltd 145.45 INR -3.85
Dragon Oil PLC 800.00 GBp 0.00
Genesis Energy LP $43.84 USD +0.07
National Fuel Gas Co $53.51 USD +0.01
TECO Energy Inc $21.06 USD +0.19
View Industry Companies
 

Industry Analysis

NFX

Industry Average

Valuation NFX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.8x
Price/Book 1.6x
Price/Cash Flow 46.5x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact NEWFIELD EXPLORATION CO, please visit www.newfield.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.