CIVI - Dividend announcements

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $0.50 per share, payable on December 27, 2024 to shareholders of record as of December 13, 2024. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich natural gas from its premier assets in the DJ Basin in Colorado and the Permian Basin in Texas and New Mexico. Civitas' proven business model to maximize shareholder returns is focused on four key strategic pillars: generating significant free cash flow, maintaining a premier bal

Measurable targets, proven performance, and transparency reflect Company's commitment to responsible operations Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company") today published its 2024 Corporate Sustainability Report, providing transparency around the Company's sustainability initiatives, targets, and progress toward stated goals. This is the first sustainability report following Civitas' entry into the Permian Basin and includes a pathway for how the larger, more diversified company will achieve its updated targets. "In 2023, we transformed our company through strategic acquisitions, creating a stronger, more durable, and balanced Civitas, without sacrificing our commi

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.52 per share, payable on September 26, 2024 to shareholders of record as of September 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.02 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website. About Civitas Civitas Resources, Inc. is an independent exploration and production company focused on the acquisition, development, and production of crude oil and liquids-rich nat

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced the execution of a definitive agreement to repurchase approximately 1.04 million shares of its common stock from Vitol at a price of $72.00 per share, totaling $75 million. Civitas' acquisition of certain oil and gas assets in the Permian Basin from Vencer Energy, LLC, a Vitol investment, closed on January 2, 2024, in exchange for approximately 7.2 million shares of Civitas stock along with $1.55 billion in cash ($1 billion paid at closing and a remaining $550 million payable on January 3, 2025). Along with other open market sales since the first of the year, the repurchase brings Vitol's current equity positi

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced that its Board of Directors approved a quarterly dividend of $1.50 per share, payable on June 26, 2024 to shareholders of record as of June 12, 2024. The amount reflects the combination of the base dividend of $0.50 per share and a variable dividend of $1.00 per share. Additional details regarding the calculation of the variable dividend can be found in the Company's latest investor presentation located on its website. About Civitas Civitas Resources, Inc. is an independent, domestic oil and gas producer focused on development of its premier assets in the Denver-Julesburg ("DJ") and Permian Basins. Civitas

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today announced the execution of a definitive agreement to repurchase approximately 876 thousand shares of its common stock at a price of $64.54 per share from NGP Tap Rock Holdings, LLC and certain of its affiliates ("NGP"). The transaction was approved by the Company's Board of Directors, and the repurchase is expected to close in early March 2024. Following the transaction, NGP will no longer own any shares of Civitas. NGP's original ownership in Civitas was established through Civitas' mid-2023 acquisition of Tap Rock Resources, LLC. Civitas CEO Chris Doyle said, "Returning significant cash to shareholders is one of our

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas") today announced the closing of its previously announced acquisition (the "Acquisition") of certain oil and gas assets in the Midland basin in Texas from Vencer Energy, LLC ("Vencer"), a Vitol investment. Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash. A $550 million deferred cash payment is due to Vencer on January 3, 2025. Civitas currently plans to use cash on hand and/or borrowings on the credit facility to fund the deferred cash payment. Chris Doyle, Civitas President & CEO, commented, "Civitas now holds high-quality, scaled asset positions in both the Permian and DJ basi

Civitas Resources, Inc. (NYSE:CIVI) ("Civitas" or the "Company"), today reported that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share (the "Common Stock") at a price per share of $61.00, resulting in aggregate consideration of approximately $300 million (the "Repurchase") from its largest shareholder, Canada Pension Plan Investment Board ("CPP Investments"). Civitas CEO Chris Doyle said, "Today's action provides an efficient mechanism to repurchase our shares at a compelling valuation and is consistent with our commitment to return significant cash to shareholders. Our capital structure is strong, with an industry-leading leverage