Continental Resources Inc CLR:NYSE

Last Price$65.35NYSE Previous Close - Last Trade as of 7:00PM ET 6/30/22

Today's Change-0.90(1.36%)
Bid (Size)$62.61 (1)
Ask (Size)$72.22 (3)
Day Low / High$64.42 - 66.73
Volume1.4 M

Continental Resources Lifts Quarterly Dividend 22% to $0.28/Share, Boosts 2022 Production Outlook

9:29AM ET 4/27/2022 MT Newswires
Continental Resources (CLR) said Wednesday that it raised its quarterly dividend to $0.28 per share, from $0.23 per share in the prior quarter.

The higher dividend is payable on May 23 to shareholders of record on May 9.

Additionally, the oil and gas company reported that Q1 total production averaged 373,800 barrels of oil equivalents per day. It said Q1 oil production averaged 194,800 barrels of oil per day, whereas natural gas production averaged 1.07 billion cubic feet per day.

Looking ahead, Continental Resources said it now expects 2022 oil production to be in the range of 200,000 to 210,000 barrels of oil per day, up from 195,000 to 205,000 previously.

The company also said it now expects 2022 natural gas production to be in the range of 1.1 billion to 1.2 billion cubic feet per day, up from its prior guidance of 1.04 billion to $1.14 billion cubic feet per day.

Further, Continental Resources said it has raised its 2022 capital program to a range of $2.6 billion to $2.7 billion, from $2.3 billion previously.

Price: 55.4, Change: +0.01, Percent Change: +0.02