Veren Inc. Reports Financial Position and Sales Update

Veren (TSE:VRN) has released an update.

Veren Inc. has reported a decrease in total assets from $12.8 billion in December 2023 to $11.5 billion by September 2024, while their total liabilities also saw a drop from $5.9 billion to $4.8 billion. This financial update highlights a notable reduction in long-term debt and derivative liabilities, reflecting the company’s effort to improve its financial position. Meanwhile, oil and gas sales for the first nine months of 2024 reached $3.2 billion, showing an increase from the same period in 2023.

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