Oil Search (Oil Search) Retained Earnings : $1,841 Mil (As of Jun. 2021)

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What is Oil Search Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Oil Search's retained earnings for the quarter that ended in Jun. 2021 was $1,841 Mil.

Oil Search's quarterly retained earnings declined from Jun. 2020 ($1,767 Mil) to Dec. 2020 ($1,712 Mil) but then increased from Dec. 2020 ($1,712 Mil) to Jun. 2021 ($1,841 Mil).

Oil Search's annual retained earnings increased from Dec. 2018 ($2,019 Mil) to Dec. 2019 ($2,102 Mil) but then declined from Dec. 2019 ($2,102 Mil) to Dec. 2020 ($1,712 Mil).

Oil Search Retained Earnings Historical Data

The historical data trend for Oil Search's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oil Search Retained Earnings Chart

Oil Search Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Retained Earnings

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1,588.75

1,791.75

2,018.62

2,101.74

1,712.44

Oil Search Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Retained Earnings	Get a 7-Day Free Trial															2,027.55	2,101.74	1,766.92	1,712.44	1,841.04

Oil Search Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Oil Search (OTCPK:OISHY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Oil Search (Oil Search) Business Description

Industry

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Address

Ground Floor, Harbourside East Building, Stanley Esplanade, PO Box 842, National Capital District, Port Moresby, PNG, NCD 121

Website

http://www.oilsearch.com

Oil Search was founded in 1929 and operates all of Papua New Guinea's oilfields. The PNG government holds a 10% interest. Oil Search had successfully run PNG oilfields since assuming operatorship from ExxonMobil in 2003. However, the tyranny of distance saw the large and high-quality gas fields largely stranded until 2014. The PNG LNG project is the first step to monetise those vast gas resources, again under the direction of ExxonMobil. First-stage construction is complete, with potential for expansion from two trains to five.

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