Whiting Petroleum (Whiting Petroleum) COGS-to-Revenue : 0.33 (As of Mar. 2022)

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What is Whiting Petroleum COGS-to-Revenue?

Whiting Petroleum's Cost of Goods Sold for the three months ended in Mar. 2022 was $172 Mil. Its Revenue for the three months ended in Mar. 2022 was $527 Mil.

Whiting Petroleum's COGS to Revenue for the three months ended in Mar. 2022 was 0.33.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Whiting Petroleum's Gross Margin % for the three months ended in Mar. 2022 was 67.37%.

Whiting Petroleum COGS-to-Revenue Historical Data

The historical data trend for Whiting Petroleum's COGS-to-Revenue 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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Whiting Petroleum COGS-to-Revenue Chart

Whiting Petroleum Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

COGS-to-Revenue

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0.97

0.63

0.84

0.40

Whiting Petroleum Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
COGS-to-Revenue	Get a 7-Day Free Trial															0.48	0.43	0.38	0.34	0.33

Whiting Petroleum COGS-to-Revenue Calculation

Whiting Petroleum's COGS to Revenue for the fiscal year that ended in Dec. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	607.046	/	1533.481
	=	0.40

Whiting Petroleum's COGS to Revenue for the quarter that ended in Mar. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	171.929	/	526.856
	=	0.33

Whiting Petroleum (NYSE:WLL) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Whiting Petroleum's Gross Margin % for the three months ended in Mar. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	171.929 / 526.856
	=	67.37 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Whiting Petroleum COGS-to-Revenue Related Terms

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Whiting Petroleum (Whiting Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Whiting Petroleum Corp (NYSE:WLL) » Definitions » COGS-to-Revenue

Comparable Companies

BSM KOS NFTN HPK CRC OAS CPE CRK DEN CNX COP EOG HKSE:00883 TSX:CNQ PXD OXY ASX:WDS DVN HES CLR

Traded in Other Exchanges

N/A

Address

1700 Lincoln Street, Suite 4700, Denver, CO, USA, 80203-4547

Website

https://www.whiting.com

Whiting Petroleum Corp is a US-based independent oil and gas company. It is engaged in the development, production, acquisition, and exploration activities primarily in the Rocky Mountains region of the United States. It explores the production of crude oil, natural gas liquids, and natural gas. The operations of the company are principally carried out in the United States. It derives revenue from the sales of oil, natural gas liquids, and natural gas.

Executives

Janet Carrig	director	ONE SOUTH WACKER DRIVE SUITE 3200, CHICAGO IL 60606
Kevin S Mccarthy	director	C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067
James P Henderson	officer: Former EVP Finance & CFO	1625 BROADWAY, SUITE 250, DENVER CO 80202
Charles J. Rimer	officer: Former EVP Operations & COO	NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Anne Taylor	director	800 GESSNER, SUITE 500, HOUSTON TX 77024
Paul Korus	director	C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Lynn A Peterson	director, officer: Former President & CEO	1625 BROADWAY, SUITE 250, DENVER CO 80202
Rice Daniel J. Iv	director	400 WOODCLIFF DRIVE, CANONSBURG PA 15317
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Michael Scott Regan	officer: VP, Legal, GC and Secretary	1700 LINCOLN, SUITE 4700, DENVER CO 80203
Sirikka R Lohoefener	officer: Vice President and Controller	1700 BROADWAY, SUITE 2300 DENVER CO 80290
Stockton Jo Ann F.	officer: Vice President, Commercial	1700 LINCOLN STREET SUITE 4700 DENVER CO 80203
Philip Edward Doty	director	5160 PRESERVE PARKWAY NORTH GREENWOOD VILLAGE CO 80121
Lyne B Andrich	director
Michael G Hutchinson	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112