Veren (TSE:VRN) has released an update.
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Veren Inc. reported robust Q2 2024 results, generating $195 million in excess cash flow and reducing net debt by $620 million, partly due to non-core asset sales. The company’s operational efficiency is highlighted by top-performing wells in Alberta, contributing to a net income of $261 million. Veren remains committed to rewarding shareholders, with 60% of the annual excess cash flow returned through dividends and share repurchases.
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