WPX Energy (WPX Energy) Gross Profit : $891 Mil (TTM As of Sep. 2020)

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What is WPX Energy Gross Profit?

WPX Energy's gross profit for the three months ended in Sep. 2020 was $250 Mil. WPX Energy's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $891 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. WPX Energy's gross profit for the three months ended in Sep. 2020 was $250 Mil. WPX Energy's Revenue for the three months ended in Sep. 2020 was $583 Mil. Therefore, WPX Energy's Gross Margin % for the quarter that ended in Sep. 2020 was 42.88%.

WPX Energy had a gross margin of 42.88% for the quarter that ended in Sep. 2020 => Durable competitive advantage

During the past 11 years, the highest Gross Margin % of WPX Energy was 56.98%. The lowest was 5.26%. And the median was 34.90%.

WPX Energy Gross Profit Historical Data

The historical data trend for WPX Energy's Gross Profit 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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WPX Energy Gross Profit Chart

WPX Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Gross Profit

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159.00

36.00

473.00

1,270.00

1,354.00

WPX Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Gross Profit	Get a 7-Day Free Trial															343.00	358.00	236.00	47.00	250.00

Competitive Comparison of WPX Energy's Gross Profit

For the Oil & Gas E&P subindustry, WPX Energy's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WPX Energy's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, WPX Energy's Gross Profit distribution charts can be found below:

* The bar in red indicates where WPX Energy's Gross Profit falls into.

WPX Energy Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

WPX Energy's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )	=	Revenue	-	Cost of Goods Sold
	=	2445	-	1091
	=	1,354

WPX Energy's Gross Profit for the quarter that ended in Sep. 2020 is calculated as

Gross Profit (Q: Sep. 2020 )	=	Revenue	-	Cost of Goods Sold
	=	583	-	333
	=	250

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $891 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

WPX Energy's Gross Margin % for the quarter that ended in Sep. 2020 is calculated as

Gross Margin % (Q: Sep. 2020 )	=	Gross Profit (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	250	/	583
	=	42.88 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

WPX Energy (NYSE:WPX) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

WPX Energy had a gross margin of 42.88% for the quarter that ended in Sep. 2020 => Durable competitive advantage

WPX Energy Gross Profit Related Terms

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WPX Energy (WPX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » WPX Energy Inc (NYSE:WPX) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

3500 One Williams Center, Tulsa, OK, USA, 74172-0172

Website

https://www.wpxenergy.com

WPX Energy, based in Tulsa, Oklahoma, is an unconventional oil and gas producer with acreage in the Williston Basin (Bakken), the Permian Basin, and the Rockies. At the end of 2019, the company reported net proven reserves of 528 million barrels of oil equivalent. Net production averaged 167 thousand barrels of oil equivalent per day in 2019, at a ratio of 79% liquids and 21% natural gas.

Executives

Bryan K Guderian	officer: EVP Business Development	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
J Kevin Vann	officer: EVP CFO	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Faulkner Stephen L Jr	officer: VP Controller and CAO	3500 ONE WILLIAMS CENTER, TULSA OK 74172
Encap Energy Capital Fund X, L.p.	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Encap Partners Gp, Llc	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Felix Energy Investments Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Felix Investments Holdings Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Swanson Douglas E Jr	director	1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
D Martin Phillips	director	1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Kelt Kindick	director	DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Valerie Williams	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
John A Carrig	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Robert Herdman	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172