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Continental Resources (Continental Resources) Gross Property, Plant and Equipment : $18,275 Mil (As of Sep. 2022)


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What is Continental Resources Gross Property, Plant and Equipment?

Continental Resources's quarterly gross PPE increased from Mar. 2022 ($17,493 Mil) to Jun. 2022 ($17,907 Mil) and increased from Jun. 2022 ($17,907 Mil) to Sep. 2022 ($18,275 Mil).

Continental Resources's annual gross PPE increased from Dec. 2019 ($27,277 Mil) to Dec. 2020 ($28,518 Mil) and increased from Dec. 2020 ($28,518 Mil) to Dec. 2021 ($33,474 Mil).


Continental Resources Gross Property, Plant and Equipment Historical Data

The historical data trend for Continental Resources's Gross Property, Plant and Equipment 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.

* Premium members only.

Continental Resources Gross Property, Plant and Equipment Chart

Continental Resources Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22,017.72 24,676.95 27,276.59 28,517.83 33,473.69

Continental Resources Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13,494.57 33,473.69 17,493.48 17,906.87 18,274.73

Continental Resources Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.


Continental Resources  (NYSE:CLR) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.


Continental Resources Gross Property, Plant and Equipment Related Terms

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Continental Resources (Continental Resources) Business Description

Industry
Traded in Other Exchanges
N/A
Address
20 North Broadway, Oklahoma City, OK, USA, 73102
Continental Resources is a U.S. oil and gas producer targeting in the Bakken Shale in North Dakota, the Delaware Basin in Texas, and the Scoop/Stack plays in Oklahoma. At the end of 2021, the company reported net proven reserves of 1.6 billion barrels of oil equivalent. Net production averaged 330 thousand barrels of oil equivalent per day in 2020, at a ratio of 49% oil and 51% natural gas and NGLs.
Executives
Timothy Garth Taylor director P.O. BOX 268836, OKLAHOMA CITY OK 73102
Robert Hagens officer: SVP, Land P.O. BOX 268836, 20 N. BROADWAY, OKLAHOMA CITY OK 73126
James R Webb officer: SVP, GC & Secretary 20 N. BROADWAY, OKLAHOMA CITY OK 73102
Robert D. Lawler officer: President & COO 6100 N WESTERN AVE, OKLAHOMA CITY OK 73118
Mcnabb John T Ii director 17 EASTWOOD ROAD, ASHEVILLE NC 28803
Ellis L Mccain director C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Mark E Monroe director 7130 S LEWIS 10TH FL, TULSA OK 74136
John D Hart director, officer: CFO, EVP of Strategic Planning 20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
William B Berry director, officer: Chief Executive Officer C/O WILBROS USA, INC., 4400 POST OAK PARKWAY, STE. 1000, HOUSTON TX 77027
Jeff B Hume officer: Vice Chairman of SGI 20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Jack H Stark director, officer: Sr. V.P. Exploration 20 NORTH BROADWAY, OKLAHOMA CITY OK 73102
Harold Hamm director, 10 percent owner, officer: CEO & Chairman 20 N. BROADWAY, SUITE 1410, OKLAHOMA CITY OK 73102
Harold Thomas Hamm director, 10 percent owner, other: Member of 10% owner group (5) P.O. BOX 1295, OKLAHOMA CITY OK 73701
Shelly Lambertz director, 10 percent owner PO BOX 268836, OKLAHOMA CITY OK 73126
Jane Hamm 2005 Irrevocable Trust 10 percent owner, other: Member of 10% owner group(2) P.O. BOX 1295, OKLAHOMA CITY OK 73101-1295

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