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Newfield Exploration Company (NYSE:NFX)
Shares Outstanding
136 Mil (As of Dec. 2013)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Newfield Exploration Company's shares outstanding for the quarter that ended in Dec. 2013 was 136 Mil.

Newfield Exploration Company's quarterly shares outstanding stayed the same from Sep. 2013 (136 Mil) to Dec. 2013 (136 Mil).

Newfield Exploration Company's annual shares outstanding increased from Dec. 2012 (135 Mil) to Dec. 2013 (136 Mil). It means Newfield Exploration Company issued new shares from Dec. 2012 to Dec. 2013 .


Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Related Terms

Net Issuance of Stock, Buy Back Rate

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Newfield Exploration Company Annual Data

Shares Outstanding 119128129131129130134135135136

Newfield Exploration Company Quarterly Data

Shares Outstanding 135135135135135138135136136136
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