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Oil and Gas Exploration and Production AD (LTS:0OMR) Retained Earnings : лв-2.27 Mil (As of Dec. 2022)


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What is Oil and Gas Exploration and Production AD Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Oil and Gas Exploration and Production AD's retained earnings for the quarter that ended in Dec. 2022 was лв-2.27 Mil.

Oil and Gas Exploration and Production AD's quarterly retained earnings increased from Dec. 2020 (лв-5.73 Mil) to Dec. 2021 (лв-4.89 Mil) and increased from Dec. 2021 (лв-4.89 Mil) to Dec. 2022 (лв-2.27 Mil).

Oil and Gas Exploration and Production AD's annual retained earnings increased from Dec. 2020 (лв-5.73 Mil) to Dec. 2021 (лв-4.89 Mil) and increased from Dec. 2021 (лв-4.89 Mil) to Dec. 2022 (лв-2.27 Mil).


Oil and Gas Exploration and Production AD Retained Earnings Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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 and Gas Exploration and Production AD Retained Earnings Chart

Oil and Gas Exploration and Production AD Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.62 -6.29 -5.73 -4.89 -2.27

Oil and Gas Exploration and Production AD Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.62 -6.29 -5.73 -4.89 -2.27

Oil and Gas Exploration and Production AD 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 and Gas Exploration and Production AD  (LTS:0OMR) 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 and Gas Exploration and Production AD (LTS:0OMR) Business Description

Traded in Other Exchanges
Address
2, Stefan Karadja Street, Sofia, BGR, 1080
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

Oil and Gas Exploration and Production AD (LTS:0OMR) Headlines

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