OverviewSuggest Edit

Continental Resources is a company engaged in the exploration, development, and production of crude oil and natural gas. It sells its production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

TypePublic
Founded1967
HQOklahoma City, OK, US
Websiteclr.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2019)1,260(+4%)
Job Openings16
Revenue (FY, 2020)$2.6 B(-44%)
Share Price (Sept 2021)$44.3(+5%)
Cybersecurity ratingBMore
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Key People/Management at Continental Resources

Jack H. Stark

Jack H. Stark

President & Chief Operating Officer
Harold G. Hamm

Harold G. Hamm

Chairman
Jeff B. Hume

Jeff B. Hume

Vice Chairman of Strategic Growth Initiatives
William B. Berry

William B. Berry

Chief Executive Officer, Director
John T. McNabb

John T. McNabb

Lead Director
John D. Hart

John D. Hart

Sr. Vice President, CFO and Treasurer
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Continental Resources Office Locations

Continental Resources has offices in Oklahoma City, Chickasha, Sidney, Tioga and in 6 other locations
Oklahoma City, OK, US (HQ)
Continental Oil Center, 20 N Broadway Ave
Chickasha, OK, US
1348 US-62
Sidney, MT, US
704 34th Ave NW
Tioga, ND, US
10433 67th St NW
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Continental Resources Financials and Metrics

Continental Resources Revenue

Continental Resources's revenue was reported to be $2.59 b in FY, 2020
USD

Revenue (Q1, 2021)

1.2b

Net income (Q1, 2021)

260.3m

EBIT (Q1, 2021)

405.7m

Market capitalization (23-Sept-2021)

15.6b

Closing stock price (23-Sept-2021)

44.3

Cash (31-Mar-2021)

96.1m

EV

20.5b
Continental Resources's current market capitalization is $15.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

2.0b3.1b4.7b4.6b2.6b

Revenue growth, %

(26%)58%51%(2%)

Cost of goods sold

443.1m549.4m956.8m1.1b

Gross profit

1.5b2.6b3.8b3.6b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

685.4m661.5m726.7m1.1b1.1b1.3b1.1b1.2b1.1b880.8m175.7m692.4m1.2b

Cost of goods sold

116.9m128.9m139.5m227.4m228.7m252.8m249.7m270.9m271.2m

Gross profit

568.5m532.6m587.3m913.6m908.4m1.0b874.5m937.5m833.0m

Gross profit Margin, %

83%81%81%80%80%80%78%78%75%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

16.6m43.9m282.7m39.4m

Accounts Receivable

404.8m671.7m644.1m726.9m

Prepaid Expenses

10.8m9.5m13.0m16.6m

Inventories

112.0m97.4m88.5m109.5m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(399.7m)789.4m989.7m774.5m(605.6m)

Depreciation and Amortization

1.7b1.7b1.9b2.0b

Inventories

(17.8m)14.5m7.7m(21.2m)12.9m

Accounts Payable

(14.4m)137.3m9.3m(36.4m)(134.0m)
USDFY, 2016

Revenue/Employee

1.8m

Debt/Equity

1.5 x

Debt/Assets

0.5 x

Financial Leverage

3.2 x
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Continental Resources Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Proved Reserves, Mboe

1.23 m1.27 m1.33 m1.52 m1.62 m

Production Daily, Boe

224.94 k209.86 k286.99 k324 k365.34 k

Oil Production Daily, Bbls

145.58 k116.49 k168.07 k186.93 k206.25 k

Natural Gas Production Daily, Mcf

476.16 k560.25 k713.52 k822.4 k957.56 k
Show all operating metrics

Continental Resources Acquisitions / Subsidiaries

Company NameDateDeal Size
20 Broadway Associates LLC
Banner Pipeline Company, L.L.C.
CLR Asset Holdings, LLC
Flintlock Energy, Inc.
SFPG, LLC
The Mineral Resources Company
The Mineral Resources Company II, LLC
Wall Industries

Continental Resources Revenue Breakdown

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Continental Resources revenue breakdown by business segment: 87.1% from Crude oil and 12.9% from Natural gas

Continental Resources Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Continental Resources Online and Social Media Presence

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Continental Resources News and Updates

Continental Resources Announces Redemption Of Balance Of 5% Senior Notes Due 2022

OKLAHOMA CITY, March 22, 2021 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") announced today that it will redeem the balance of the $230,782,000 in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022 (the "Notes") on...

Continental Resources Announces Early Results And Upsizing Of Cash Tender Offers

OKLAHOMA CITY, Nov. 24, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") announced today the results to date of Continental's previously announced cash tender offers (the "Tender Offers") to purchase up to $1.0 billion aggregate principal...

Continental Resources Announces Third Quarter 2020 Results; Preliminary 2021 Outlook

OKLAHOMA CITY, Nov. 5, 2020 /PRNewswire/ -- 3Q20 Results and Full-Year 2020 Expectations • $291.2 Million Cash Flow from Operations in 3Q20; $258.3 Million Free Cash Flow (Non- GAAP) • $149.4 Million in Non-Acquisition Capex in 3Q20; On Track for $1.2 Billion in Full-Year 2020 • 297...

Continental Resources Highlights Longstanding Commitment To ESG; Issues 2019 Report

OKLAHOMA CITY, June 15, 2020 /PRNewswire/ -- Continental Resources, Inc. (NYSE: CLR) ("Continental" or the "Company") today highlighted its longstanding commitment to Environmental, Social and Corporate Governance (ESG) practices and initiatives with the release of its 2019 ESG report....

Continental Resources suspends dividend, to cut production by about 30%

Continental Resources Inc. said Tuesday it will suspend its quarterly dividend as it looks to manage cash flow amid a challenging commodity price environment resulting from the COVID-19 pandemic. The last quarterly dividend paid was 5 cents a share in February. The oil producer said with global cru…

Continental Resources slashes annual budget by 55% on oil price slump

Continental Resources Inc said on Thursday it would cut its capital budget for 2020 by about 55% to $1.2 billion, becoming the latest oil and gas producer to cap its spending as oil prices plummet to its lowest in nearly two decades.
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Continental Resources Frequently Asked Questions

  • When was Continental Resources founded?

    Continental Resources was founded in 1967.

  • Who are Continental Resources key executives?

    Continental Resources's key executives are Jack H. Stark, Harold G. Hamm and Jeff B. Hume.

  • How many employees does Continental Resources have?

    Continental Resources has 1,260 employees.

  • What is Continental Resources revenue?

    Latest Continental Resources annual revenue is $2.6 b.

  • What is Continental Resources revenue per employee?

    Latest Continental Resources revenue per employee is $2.1 m.

  • Who are Continental Resources competitors?

    Competitors of Continental Resources include Pemex, Ovintiv and Marathon Oil.

  • Where is Continental Resources headquarters?

    Continental Resources headquarters is located at Continental Oil Center, 20 N Broadway Ave, Oklahoma City.

  • Where are Continental Resources offices?

    Continental Resources has offices in Oklahoma City, Chickasha, Sidney, Tioga and in 6 other locations.

  • How many offices does Continental Resources have?

    Continental Resources has 11 offices.