Vermilion Energy (TSE:VET) has released an update.
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Vermilion Energy Inc. reported strong operational performance for the first half of 2024, with a 2% increase in production year-over-year, leading to an increase in their annual production guidance. The company generated $237 million in funds from operations in the second quarter, while also returning $66 million to shareholders through dividends and share buybacks. Additionally, Vermilion announced a reduction in net debt to the lowest level in over a decade and plans to continue their share repurchase program.
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