Latest gross profit for CPG: $2.1B, below the Energy sector average of $170B.
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+ FollowAs of Mar 31, 2024
Trailing 12 months ending Mar 31, 2024
Veren's gross profit stands at $2.1B as of March 2024. That compares with $2.6B in the prior-year period — down 21.1% year over year. That is below the Energy sector average of $170B. Stockcircle updates this page with the newest filings so you can track how the metric evolves quarter by quarter.
Veren reported $2.1B in gross profit versus $2.6B a year earlier — a 21.1% year-over-year decrease. The historical chart on this page makes it easier to see whether that move is part of a longer pattern.
Veren sits lower the Energy benchmark ($170B) with a gross profit of $2.1B. That is roughly 98.8% below the sector mean. Peer context matters because what looks expensive or cheap in absolute terms can be normal for the sector.
That compares with $2.6B in the prior-year period — down 21.1% year over year. Sustained growth in gross profit can support a stronger franchise, while sharp declines may reflect divestitures, weaker demand, or accounting changes. Always read YoY moves with the footnotes of recent filings in mind.
The history chart shows how Veren's gross profit evolved across reporting periods, while the comparison chart places CPG next to similar companies. Use both: a rising metric that still lags peers tells a different story than a rising metric that already leads the group. Growth charts, when available, highlight acceleration or slowdown.